Listed Below Are Six Terms Followed by a List of Phrases

question 162

Multiple Choice

Listed below are six terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Cash receipts received by the company but not yet recorded by the bank.

• A)Bank service fees
• B)Deposits outstanding
• C)Interest earned
• D)NSF checks
• E)Company error
• F)Checks outstanding

---

Definitions:

Variable Cost

Costs that vary directly with the level of production or the volume of services provided.

Inventories

The raw materials, work-in-process products, and finished goods that a company holds for the purpose of sale in the near future.

Manufacturing Firms

Companies that produce goods using raw materials and various processes and machinery, often involving large-scale production.