Part 4

Question 1

Financial Accounting Major Outputs

Answer 1

The 3 “official” financial statements:
P/L(profit and loss statement), Balance Sheet, Cash Flow

Question 2

Managerial Accounting Major Outputs

Answer 2

Cost calculation for each product
Profit calculation at different levels

Question 3

x, p, b, A, R, C, P, V

Answer 3

x: Volume of product (Unit)
p: Unit-Price of product ($ / Unit)
b: Unit-Variable-Cost ($ / Unit)
A: Fix Costs ($)
R: Revenue
C: contribution margin
P: Profit
V: variable costs

Question 4

B2C
C2C
B2B

Answer 4

business to customers
private sellers to customers
business to business

Question 5

Market Segment

Answer 5

A market segment is a group of customers who have similar needs that are different from customer needs in other parts of the market

Question 6

Logistics

Answer 6

Planning, execution and control of space- time- transformation of objects

Question 7

Inventory

Answer 7

or “ stock” is defined here as the stored accumulation of material resources in a transformation system.