FinMan10e_BTest_ch24

FinMan10e_BTest_ch24 - 10th Edition FINANCIAL & MANAGERIAL...

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10th Edition Warren/Reeve/Duchac Chapter Test 24B Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% B
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TEST 17A (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column. For Scoring STATEMENTS Answers 0. Cost-plus methods determine the normal selling price by estimating a cost amount per unit and adding a(n) . ................................................... markup 0. ____ 1. The amount of increase or decrease in revenue that is expected from a course of action as compared to an alternative is called __________. . ......................................................................................... 1. ____ 2. Costs that have been incurred in the past and are not relevant to a decision are known as . .......................................................................... 2. ____
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3. Raymond Tile Co. is considering discontinuing a segment of its business. The costs that may not be decreased by discontinuing it are the . ......................................................................................................... 3. ____ 4. In deciding whether to lease or sell a piece of equipment, a manager will consider the differential revenues and differential costs associated with the decision. These factors are known as . ..................................... 4. ____ 5. A method of setting prices that combines market-based pricing with cost-reduction emphasis is known as . ................................................... 5. ____ 6. The amount of income that is forgone from an alternative use of cash
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This note was uploaded on 07/17/2011 for the course ACCT 102 taught by Professor Martinez during the Summer '11 term at Rio Hondo College.

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FinMan10e_BTest_ch24 - 10th Edition FINANCIAL & MANAGERIAL...

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