The following are 10 technical accounting terms introduced or emphasize Net present value Capital budgeting Incremental analysis Discount rate Payback period Present value Sunk cost Salvage value Return on average investment Capital budget audit Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer "None" if the statement does not cor- rectly describe any of the terms. The examination of differences among revenue, costs, and cash flows under alternative courses a. of action. b. A cost incurred in the past that cannot be changed as a result of future actions. The process of planning and evaluating proposals for investments in plant assets. с.

The following are 10 technical accounting terms introduced or emphasize Net present value Capital budgeting Incremental analysis Discount rate Payback period Present value Sunk cost Salvage value Return on average investment Capital budget audit Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting term described, or answer "None" if the statement does not cor- rectly describe any of the terms. The examination of differences among revenue, costs, and cash flows under alternative courses a. of action. b. A cost incurred in the past that cannot be changed as a result of future actions. The process of planning and evaluating proposals for investments in plant assets. с.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 11EA: Look up the definitions for the following terms: Budget (Budgeting) Capital budget (Capital...

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Which budget evaluates the results of operations at the actual level of activity? capĂtal budget cash budget flexible budget static budget
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