Answer:
$60
Explanation:
For computing the target cost, first we have to determine the profit per unit which is shown below:
= Selling price × return on sales percentage
= $80 × 25%
= $20
Now the target cost would be
= Selling price per unit - profit per unit
= $80 - $20
= $60
All other information which is given is not relevant. Hence, ignored it
Answer:
c. 21.00
Explanation:
The formula to compute the price earning ratio is shown below:
Price-earnings ratio = (Market price per share) ÷ (Earning per share)
where,
Market price per share is $105
And, the earning per share would be
= Net income ÷ weighted-average common shares outstanding
= $865,000 ÷ 173,000 shares
= $5
Now put these values to the above formula
So, the per share would equal to
= $105 ÷ $5
= 21
the correct answer is $60,000
How Do I Open a Cash Account?
To balance an account, just add up its debit and credit sides, then subtract the smaller (with a lower total value) side from the bigger side. The balance of the account is the difference between the two sides.
Any securities transactions must be paid in full from monies in the account at the time of settlement if the account is a cash one with a brokerage company. Thus, with this form of account, short selling and buying on margin are prohibited. Cash accounts and margin purchases of securities are governed by Regulation T of the Federal Reserve. Investors have two business days to pay for security under this legislation. T+2 is the name of it.
A ledger in which all cash transactions are documented is referred to as a cash account or cash book in accounting. The cash account contains both the cash receipts and payments journals.
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