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Definition of Explode
The multiplication of component requirements itemized on a bill of material
Abramsâ€™ model for calculating DLOM based on the interaction of discounts from four economic components.
A common element of a financial plan that describes projected capital spending and the
General term for a document demanding payment.
A contract between the exporter and a transportation company in which the latter agrees to
Very short maturity bills that the Treasury occasionally sells because its cash
Temporary investments of currently excess cash in short-term, high-quality
In the balance of payments, counterpart items are analogous to unrequited transfers in the
An instrument evidencing the obligation of a seller to deliver securities sold to the buyer.
billing system in which the invoices are sent off at the time of customer orders are all separate
The mean of a random sample approaches the mean (expected value) of the
The required return on an investment when the investment is financed partially by debt.
Computer-based systems that plan backward from the production schedule
As used in connection with project financing, an agreement to furnish a
The dollar amounts based on reserve ratios that banks are required to keep on deposit at a Federal Reserve Bank.
The minimum expected return you would require to be willing to purchase the asset, that is,
Generally referring to bonds, the yield required by the marketplace to match available returns
The percentage of different types of deposits that member banks are required to hold
Return on total assets
The ratio of earnings available to common stockholders to total assets.
billing method in which the sales for a period such as a month (for which a customer also
Tax anticipation bills (TABs)
Special bills that the Treasury occasionally issues that mature on corporate
Total asset turnover
The ratio of net sales to total assets.
Total debt to equity ratio
A capitalization ratio comparing current liabilities plus long-term debt to
Total dollar return
The dollar return on a nondollar investment, which includes the sum of any
In performance measurement, the actual rate of return realized over some evaluation period. In
total sales and other revenue for the period shown. Known as "turnover" in the UK.
Debt obligations of the U.S. Treasury that have maturities of one year or less. Maturities for Tbills
Unleveraged required return
The required return on an investment when the investment is financed entirely
U.S. Treasury bill
U.S. government debt with a maturity of less than a year.
NUMBER OF DAYS SALES IN RECEIVABLES
(also called average collection period). The number of days of net sales that are tied up in credit sales (accounts receivable) that havenâ€™t been collected yet.
RATE OF RETURN ON TOTAL ASSETS
The percentage return or profit that management made on each dollar of assets. The formula is:
Bill of materials
A listing of all the materials and quantities that go to make up a completed product.
Unprocessed goods bought for manufacture, part of inventory.
Return on Total Assets Ratio
A measure of the percentage return earned on the value of the
Total Asset Turnover Ratio
A measure of the utilization of all of a company's assets to
Total Debt to Total Assets Ratio
See debt ratio
bill of materials
a document that contains information about
a readily identifiable part of a product; the cost of such a part
material price variance
total actual cost of material purchased
material quantity variance
(actual quantity X standard price) - (standard quantity allowed standard price);
material requisition form
a source document that indicates
material mix variance
(actual mix X actual quantity X standard price) - (standard mix X actual quantity X standardprice);
materials requirements planning (MRP)
a computerbased information system that simulates the ordering and
material yield variance
(standard mix X actual quantity X standard price) - (standard mix X standard quantity X standard price);
predetermined overhead rate
an estimated constant charge per unit of activity used to assign overhead cost to production or services of the period; it is calculated by dividing total budgeted annual overhead at a selected level of volume or activity by that selected measure of volume or activity; it is also the standard overhead application rate
total contribution margin
see contribution margin
total cost to account for
the sum of the costs in beginning
total expected value (for a project)
the sum of the individual cash flows in a probability distribution multiplied by their related probabilities
total overhead variance
the difference between total actual overhead and total applied overhead; it is the amount of underapplied or overapplied overhead
total quality management (TQM)
a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds
total units to account for
the sum of the beginning inventory
the difference between total actual cost incurred
the quantity of inventory used or sold each time interval
Short-term U.S. government security issued at a discount from
Bill of materials
An itemization of the parts and subassemblies required to create a
Direct materials cost
The cost of all materials used in a cost object, such as finished goods.
Direct materials mix variance
The variance between the budgeted and actual mixes of
The proportional size of a financial misstatement. It can be construed as
Material requirements planning (MRP)
A computer-driven production methodology
Materials price variance
The difference between the actual and budgeted cost to
Materials quantity variance
The difference between the actual and budgeted quantities
A company that retains control over one or more other companies.
Raw materials inventory
The total cost of all component parts currently in stock that
Reserves that the central bank requires commercial banks to hold.
See Treasury bill.
A short-term (less than one year) government discount bond.
Federal Employer Identification Number
A unique identification number issued
An agreement between countries whereby an employee only has to pay Social Security taxes to the country in which he or she is working
Bill and Hold Practices
Products that have been sold with an explicit agreement that delivery
Cost Plus Estimated Earnings in Excess of Billings
Revenue recognized to date under the percentage-of-completion method in excess of amounts billed. Also known as unbilled accounts
Financial Numbers Game
The use of creative accounting practices to alter a financial statement
A characterization of the magnitude of a financial statement item's effect on a
Revenues or gains and expenses or losses that are not expected to recur
Significant credits or charges resulting from transactions or events that, in the
Unbilled Accounts Receivable
Revenue recognized under the percentage-of-completion
Advance material request
Very early orders for materials before the completion
Bill of materials (BOM)
A listing of all parts and subassemblies required to produce one
Breeder bill of materials
A bill of material that accounts for the generation and
Raw materials or subassemblies used to make either finished goods
Inventory that has been physically marked as being for a
Indented bill of material
A bill of material reporting format under which successively
A number uniquely identifying a product or component.
Material requirements planning
A computerized system used to calculate material
Material review board
A company committee typically comprising members representing
A document listing the quantities of specific parts to be withdrawn
Matrix bill of material
A bill of materials chart listing the bills for similar products,
Modular bill of material
A bill of material format in which components and subassemblies
Multilevel bill of material
An itemization of all bill of material components, including
Any inventory item that does not match its original design
Nonsignificant part number
An identifying number assigned to a part that conveys
The waste materials resulting from a production process.
A number uniquely identifying a product or component.
An authorization to move a specific quantity of an item from
Phantom bill of material
A bill of materials for a subassembly that is not normally
Base-level items used by the manufacturing process to create either
parts that have been reconstructed to render them capable
Repair bill of material
A special bill itemizing changes needed to refurbish an
parts requiring some modification before being substituted
material that has been reworked and returned to stock.
The component-level requirements for a production run,
material that has been reserved for a specific purpose.
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