Thalia C.

Sanders

Accounting II ACC-1020-LD-02

Section 25330

TERMINOLOGY Additional Paid-in capital Appropriation of Retained Earnings arrears authorization authorization of stock bond discount bond premium book value per share of stock callable bonds Capital Stock carrying amount of bonds common stock Comprehensive Income contingent liability contributed capital convertible bonds cumulative preferred stock current maturity current portion of notes payable debentures deficit discount (on a bond) dividends Earnings per Share (EPS) effective interest method effective interest rate employee compensation Extraordinary Gains and Losses Extraordinary Item Federal Insurance Contributions Act (FICA) Tax Gross Pay issue price Large Stock Dividend legal capital Leverage liquidaton value Market Interest Rate market value Memorandum Entry Mortgage Net (Take-Home) Pay outstanding stock

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Thalia C. Sanders TERMINOLOGY paid-in capital Par Value Par Value Passing the dividend Payroll preferred stock Premium Premium present value Prior-Period Adjustment rate of return on common Stockholders' Equity Rate of Return on Total Assets Retained Earnings Return on Assets Return on Equity secured bonds Segment of the Business serial bonds Share short-term note payable Small Stock Dividend Social Security (FICA) Tax Stated Interest Rate Stated Value Stock Stock Certificate Stock Dividend Stock Split Term Bonds Time Value of Money Treasury Stock Underwriter Unemployment Compensation Tax Warranties Withheld Income Tax Cost-volume-profit (CVP) analysis Total variable costs Total fixed cost fixed cost fixed cost per event the per-event cost mixed costs high-low method variable cost per unit calculation total fixed cost calculation

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Section 25330

Thalia C. Sanders TERMINOLOGY

Accounting II ACC-1020-LD-02 PAGE CHAPTER 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 21 21 21 21 21 21 21 21 21 21

Section 25330

behaviour of a mixed cost equation total mixed cost variable cost per unit calculation total mixed cost total fixed cost calculation behavior of a mixed cost equation relevant range breakeven point income statement approach contribution margin approach contribution margin ratio breakeven point in terms of sales dollars break even in sales dollars sensitivity analysis changing selling price changing variable cost changing fixed cost target sales in dollars shortcut contributin margin approach breakeven sales in dollars contribution margin ratio units sold breakeven sales in units income statement approach income statement equation approach margin of safety margin of safety in units calculation margin of safety in dollars Sales mix weighted-average contribution margin weighted-average contribution margin per unit calculation breakeven sales in total units calculation contribution margin income statement sales budget (exhibit 21-1) benchmarking master budget operating budget budgeted income statement financial budget balance sheet: asset; liabilitie; stockholders' equity march payroll formula cost of goods sold= beg inv + purch - end inv sales budget (exhibit 21-7)

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Thalia C. Sanders TERMINOLOGY

Accounting II ACC-1020-LD-02 PAGE CHAPTER

Section 25330

purchases = COGS + End Inv - Beg Inv 1092 21 Inventory, purchases, and COGS Budget (Ex. 21-8) 1092 21 Operating expenses budget (Exhibit 21-9) 1093 21 budgeted income statement (Exhibit 21-10) 1093 21 cash budget 1096 21 statement of budgeted cash receipts 1096 21 statement of budgeted payments 1096 21 statement of budgeted cash receipts and payments 1096 21 Budgeted cash collections (Exhibit 21-11) 1096 21 Budgeted Cash Payments for Purchases (Ex. 21-12) 1097 21 Partial Income Statement (in thousands) (Ex. 21-4) 1087 21 balance sheet (Exhibit 21-6) 1089 21 capital expenditures budget 1089 21 Sales Budget (Exhibit 21-7) 1091 21 Budgeted Cash Payments for Operating Expenses (Ex. 21-13) 097 1 21 Cash Budget 1098 21 Cash Budget (Exhibit 21-14) 1098 21 Budgeted Balance Sheet (Exhibit 21-15) 1099 21 Budgeted Statement of Cash Flows (Ex. 21-16) 1100 21 sensitivity analysis 1101 21 what-if 1101 21 Rolling Up Individual Unit Budgets in the Companywide Budget (Ex. 21-17)21 1102 responsibility center 1103 21 responsibility accounting 1103 21 Four Types of Responsibility Centers (Ex. 21-18) 1104 21 Partial Organization Chart (Exhibit 21-19) 1105 21 profit centers 1105 21 cost centers 1105 21 revenue centers 1105 21 Responsibility Accounting Performance Reports at Various Levels (Ex. 21-20) 1106 21 budget income statement 1088 21 capital expenditures budget 1088 21 cash budget 1096 21 financial budget 1089 21 management by exception 1106 21 master budget 1088 21 narrated slide for chapter 21 21 operating budget 1088 21 responsibility accounting 1103 21 responsibility center 1103 21

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