Flashcards
chapter 14 cost accounting
Cards in this deck (17)
- 1asset turnovera ratio measuring asset productivity and showing the number of sales dollars generated by each dollar of assets
- 2carbon footprinta reflection of the total of all greenhouse gas emissions created by an organization's activities during a specified time.
- 3compensation strategya foundation for the compensation plan that addresses the role compensation should play in the organization.
- 4DuPont Modela computation that indicates the return on investment as it is affected by profit margin and asset turnover.
- 5economic value addeda measure of the extent to which income exceeds the dollar cost of capital; calculated as income minus.
- 6employee stock ownership plan (ESOP)a profit-sharing compensation program in which investments are made in an employer's stocks
- 7expatriatesa parent company or third-country national assigned to a foreign subsidiary or a foreign national assigned to the parent company.
- 8lagging indicatorsA measurable economic factor that changes after the economy has already begun to follow a particular pattern or trend.
- 9leading indictorA measurable economic factor that changes before the economy starts to follow a particular pattern or trend.
- 10process producitvitythe total number of units produced during a period during value-added processing time.
- 11process quality yieldthe proportion of goods units that resulted from the activities expended.
- 12profit marginthe ratio of income to sales.
- 13residual incomethe profit earned by a responsibility center that exceeds an amount charged for funds committed to that center
- 14tax deferrala tax treatment in which income is subject to tax in a future period.
- 15tax exemptiona tax treatment in which income is never subject to income taxation.
- 16throughputthe total output that is completed and sold during a period.
- 17values statementa statement reflecting an organization's culture by identifying fundamental beliefs about what is important to that organization.
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- Chapter 14 Cost Accounting flashcards
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- Antonio Orange
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