Primary research To get a complete picture of your target market,
Answer:
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Answer:
The net worth (owners' equity) for this business is $2.2 million
Explanation:
Net worth: It is also known as owner's equity which is a difference between total assets and total assets.
In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.
So, the accounting equation is
Total Assets = Total Liabilities + Owner's Equity
where,
Company assets are $3.5 million
And, liabilities is $1.3 million
Now, apply the above equation to find out the value of the owner's equity
So, owner equity would be equals to
= $3.5 million - $1.3 million
= $2.2 million
Hence, the net worth (owners' equity) for this business is $2.2 million
Answer:
B. Target costing forces design engineers to explicitly consider the costs of manufacturing and other aspects of business that traditionally fall outside the engineering department
Explanation:
Target costing needs the design engineers to be active in meeting their customers projection, but it must be inside the target cost requirements. Engineers can not afford to just have their attention on the function and form of design, they must also observe cost under Target costing.
The best answer to the question is (D) copyright law.
Copyright law is defined as <u>exclusive rights that a creator has for his or her creations, which encompasses literary and artistic works, such as ones mentioned in the question: musical compositions, movies, web content, etc. </u>
The other options are unsuitable since <em>patent protection</em> is for inventions, <em>trademark theory</em> is for companies and their products, while<em> free-market case law </em>does not refer to an actual set of laws.
