chapter 14 cost accounting

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Chapter 14 Cost Accounting flashcards
Antonio Orange
Flashcards by Antonio Orange, updated more than 1 year ago
Antonio Orange
Created by Antonio Orange almost 9 years ago
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Question Answer
asset turnover a ratio measuring asset productivity and showing the number of sales dollars generated by each dollar of assets
carbon footprint a reflection of the total of all greenhouse gas emissions created by an organization's activities during a specified time.
compensation strategy a foundation for the compensation plan that addresses the role compensation should play in the organization.
DuPont Model a computation that indicates the return on investment as it is affected by profit margin and asset turnover.
economic value added a measure of the extent to which income exceeds the dollar cost of capital; calculated as income minus.
employee stock ownership plan (ESOP) a profit-sharing compensation program in which investments are made in an employer's stocks
expatriates a parent company or third-country national assigned to a foreign subsidiary or a foreign national assigned to the parent company.
lagging indicators A measurable economic factor that changes after the economy has already begun to follow a particular pattern or trend.
leading indictor A measurable economic factor that changes before the economy starts to follow a particular pattern or trend.
process producitvity the total number of units produced during a period during value-added processing time.
process quality yield the proportion of goods units that resulted from the activities expended.
profit margin the ratio of income to sales.
residual income the profit earned by a responsibility center that exceeds an amount charged for funds committed to that center
tax deferral a tax treatment in which income is subject to tax in a future period.
tax exemption a tax treatment in which income is never subject to income taxation.
throughput the total output that is completed and sold during a period.
values statement a statement reflecting an organization's culture by identifying fundamental beliefs about what is important to that organization.
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