**Instructions for Matching Descriptions with Terms**Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.Match each of the following descriptions with the appropriate term:1. **Description**: Plots only the difference between total sales and total costs **Term Options**: - Margin of safety - Operating leverage - Profit-volume chart - Sales mix - Cost-volume-profit chart2. **Description**: Indicates the possible decrease in sales that may occur before operating loss results **Term Options**: - Margin of safety - Operating leverage - Profit-volume chart - Sales mix - Cost-volume-profit chart3. **Description**: Graphically shows costs, sales, and operating profit or loss at various levels of units sold **Term Options**: - Margin of safety - Operating leverage - Profit-volume chart - Sales mix - Cost-volume-profit chart4. **Description**: The relative distribution of sales among products sold by a company **Term Options**: - Margin of safety - Operating leverage - Profit-volume chart - Sales mix - Cost-volume-profit chart5. **Description**: Contribution margin divided by operating income **Term Options**: - Margin of safety - Operating leverage - Profit-volume chart - Sales mix - Cost-volume-profit chart**Note**: Click "Clear All" to start over if necessary by resetting your matches.

The correct order of matching is shown below: The definition first followed by their correct match…

Match each of the following descriptions with the appropriate term. Clear All Plots only the difference between total sales and total costs Indicates the possible decrease in sales that may occur before operating loss results Graphically shows costs, sales, and operating profit or loss at various levels of units sold Margin of safety Operating leverage Profit-volume chart

Match each of the following descriptions with the appropriate term. Clear All Plots only the difference between total sales and total costs Indicates the possible decrease in sales that may occur before operating loss results Graphically shows costs, sales, and operating profit or loss at various levels of units sold Margin of safety Operating leverage Profit-volume chart

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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