Questions from College Accounting

Q: Explain the meaning of marginal income on sales.

Explain the meaning of marginal income on sales.

Q: What are sunk costs?

What are sunk costs?

Q: What is a differential cost?

What is a differential cost?

Q: Explain opportunity costs.

Explain opportunity costs.

Q: What is the purpose of the Public Company Accounting Oversight Board?

What is the purpose of the Public Company Accounting Oversight Board?

Q: What does the Certified Bookkeeper (CB) designation imply?

What does the Certified Bookkeeper (CB) designation imply?

Q: How does one become a Certified Bookkeeper (CB)?

How does one become a Certified Bookkeeper (CB)?

Q: What is a limited liability company (LLC)?

What is a limited liability company (LLC)?

Q: Define internal control.

Define internal control.

Q: In January 20X1, Kate Kasal started Warmers, a business manufacturing

In January 20X1, Kate Kasal started Warmers, a business manufacturing ladies’ scarves. Kasal was so busy with the manufacturing side of the business that she did not take time to set up detailed accou...