ACCOUNTING HELP!

1) How is relevant info. used to make short term decisions?

2) Match the concept with the correct terms.

A) Relevant Info B) Relevant Cost C) Irrelevant Cost D) Sunk Cost E) Differential Analysis

_____ A cost that was incurred in the past and can't be changed regardless of future actions.

_____ A cost that is relevant to a particular decisions because it is a future cost and differs between alternatives.

_____ Expected future data that differs among alternatives.

_____ A cost that was incurred in the past and can't be changed regardless of future actions.

_____ A method that looks at how operating income would differ with each decisions alternative leaving out irrelevant info.

3) List four short-term business decisions:

4) How does pricing affect short-term decisions?

5) What are 3 basic questions managers must answer when setting regular prices for their product or services: