Accounting Terminology Listed Below Are Nine Technical Accounting Terms Introduced or Emphasized

question 50

Essay

Accounting terminology
Listed below are nine technical accounting terms introduced or emphasized in this chapter: Each of the following statements may (or may not)describe one of these technical terms.In the space provided beside each statement,indicate the accounting term described,or answer "None" if the statement does not correctly describe any of the terms.
____ (a)The amount by which sales revenue exceeds total variable cost expressed as a percentage of sales.
____ (b)The amount by which sales volume exceeds the break-even point.
____ (c)The study of financial statements by a potential investor or creditor as a means of evaluating the profitability and solvency of a business.
____ (d)A type of activity that has a causal effect in the occurrence of a particular cost.
____ (e)The level of sales at which revenue equals operating expenses.
____ (f)A cost that responds to changes in sales volume by less than a proportionate amount.
____ (g)A mathematical technique used to determine the fixed and variable elements of a mixed or semi-variable cost.

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Definitions:

Dopamine

A neurotransmitter associated with the brain's reward and pleasure centers, as well as movement and motivation.

Narcissistic Personality Disorder

A mental condition characterized by a long-term pattern of exaggerated self-importance, need for admiration, and lack of empathy.

Special Treatment

The act of giving someone preferential or extra consideration differing from the norm.

Interpersonal Relationships

Emotional, social associations between two or more people that vary in intensity and intimacy.