Treasury Bills ("T-Bills") are a short-dated financial instrument issued by the US Treasury that mature in a few days up to 52 weeks.| Corporate Finance Institute
A leverage ratio indicates the level of debt incurred by a business entity against several other accounts in its balance sheet, income statement, or cash flow statement.| Corporate Finance Institute
Proceeds refer to the cash received from the sale of goods or assets during a particular period. The total is obtained by multiplying the quantities sold by the| Corporate Finance Institute
Spoilage literally means wastage or scrap that occurs during the manufacturing process or is badly damaged material that is used for processing a product| Corporate Finance Institute
Variance analysis can be summarized as an analysis of the difference between planned and actual numbers. The sum of all variances gives a| Corporate Finance Institute
Absorption costing is a costing system that is used in valuing inventory. It not only includes the cost of materials and labor, but also both| Corporate Finance Institute
Activity-based costing is a more specific way of allocating overhead costs based on “activities” that actually contribute to overhead costs.| Corporate Finance Institute