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1 year ago

Target costing sets costs based on the price that customers are willing to pay.

Business

1 answer:

Alisiya [41]1 year ago

6 0

It is False that Target costing sets costs based on the price that customers are willing to pay.

Because target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes reference to the competitive market, it is fundamentally customer-focused and an important concept for new product development.

Costing is any system for assigning costs to an element of a business.

Competitive is most commonly used to describe a person who has a strong desire to compete and win.

Development is the act, process, or result of developing the development of new ideas an interesting development in the case.

To know more about the Costing here

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Madison Company's perpetual inventory records indicate that $875,300 of merchandise should be on hand on October 31. The physica

Trava [24]

Answer:

Madison Company's Journal entry

Dec. 31

Dr Cost of Merchandise Sold 93,400

($875,300-$781,900)

Cr Merchandise Inventory 93,400

Explanation:

If the perpetual inventory records $875,300 of merchandise while the physical inventory indicates $781,900 which means we have to deduct $781,900 from $875,300 which made us to arrived at $93,400 as Debited Cost of Merchandise Sold and as Credited Merchandise Inventory .

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3 years ago

A monopolistically competitive firm is producing at an output level in the short run where average total cost is $4.75, price is

Harrizon [31]

Answer:

loss at the short run

Explanation:

marginal cost is higher than the marginal revenue

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3 years ago

The seller of the property is including the refrigerator and window coverings with the sale. Where in the offer to purchase is t

expeople1 [14]

Answer: The correct answer is "In the inclusions section of the contract ".

Explanation: The refrigerator and window covers are taken into account in the "contract inclusions" section because this section includes all items included in the sale that do not correspond to be sold as personal property.

6 0

3 years ago

The stockholders’ equity accounts of Martinez Company have the following balances on December 31, 2017. Common stock, $10 par, 3

lord [1]

Answer:

retained earnings 577,200 debit

stock dividends payable 577,200 credit

--to record declared stock dividends--

stock dividends payable 577,200 debit

common stock 156,000 credit

additional paid-in 421,600 credit

--issued stock dividends--

retained earnings 11,544,000 debit

stock dividends payable 11,544,000 credit

--to record declared stock dividends--

stock dividends payable 11,544,000 debit

common stock 3,120,000 credit

additional paid-in 8,424,000 credit

--issued stock dividends--

A 2-for-1 stock split NO ENTRY

Explanation:

Stock dividends of 5%

Shares outstanding 312,000 x 5% x $37 market price

15,600 new shares x $ 37 per share = $ 577,200

First we declare the dividend payable, then we write-off the payable and increase equity.

Common stock for the face value and additional paid-in for the difference:

15,600 x 10 = 156,000

577,200 - 156,000 = 421,600

Stock Dividends of 100%

312,000 x 100% x 37 = 11,544,000

same entries as before but, with difference number

face value 312,000 x 10 = 3,120,000

additional paid-in 8,424,000

A 2-for-1 stock split

No entry is required as the company will have double shares but with halft the value each. It will not effect the total market capitalization.

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3 years ago

Asset distribution analysis provides a better understanding of how the community functions and how it addresses the public healt

kumpel [21]

Answer:

False

Explanation:

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3 years ago