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If variable selling and administrative expenses totaled $120,000 for the year (80,000 units at $1.50 each) and the planned variable selling and administrative expenses totaled $136,500 (78,000 units at $1.75 each) , the effect of the unit cost factor on the change in variable selling and administrative expenses is:
Coupon Bond
A bond that entitles the holder to receive periodic interest payments (coupons) and the principal back at maturity.
Effective Yield
Effective yield is the total yield on an investment, taking into account the effects of compounding interest or reinvestment over a given period.
Maturity Date
The date on which a financial obligation must be repaid in full.
Present Discounted Value
The present worth of a future amount of money or series of cash inflows, discounted at a given rate of return.
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