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1 |  |  An expense (or cost) that would not be incurred if the department, product, or service is eliminated is called a(n) cost. |
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2 |  |  The process of analyzing alternative investments and deciding which assets to acquire or sell is called budgeting. |
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3 |  |  If the company accepts an additional volume of business that will increase variable costs by $15,000, the variable cost increase can be referred to as an cost. |
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4 |  |  The value is a dollar amount used to evaluate the acceptability of an investment; it is an estimate of an asset's value to the company. |
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5 |  |  If you have given up 6 hours of work at $12 an hour to attend your accounting class, the $72 of foregone wages is an cost to you of attending class. |
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6 |  |  A cost incurred or avoided as a result of management's decisions is called an -of- cost. |
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7 |  |  The net cash inflows from a $20,000 investment will be $5,000 per year, which results in a period of 4 years. |
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8 |  |  Amortization expense, which cannot be avoided or changed in any way because it arises from a past decision, is an example of a cost. |
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9 |  |  expenses (or costs) will continue even if the department, product, or service is eliminated. |
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10 |  |  of is the rate that equates the net present value of a projects cash inflows and outflows to zero. |
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11 |  |  is the process of restating future cash flows in terms of their present value. |
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12 |  |  rate is a minimum acceptable rate of return. It is used when interpreting the internal rate of return. |
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13 |  |  Amortization for tax purposes is called . |
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14 |  |  cost is a future cost that differs between alternatives in a particular business decision. It is also called differential cost. |
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