Answer:
$18.60
Explanation:
Target cost:
= Sales revenue - Profit
= (No. of units sold × Selling price per unit) - (Investment require × desired return on investment)
= (20,000 × $21) - ($400,000 × 0.12)
= $420,000 - $48,000
= $372,000
Target cost per unit:
= Target cost ÷ Number of units
= $372,000 ÷ 20,000
= $18.60
Therefore, the target cost per unit is closest to $18.60.
Answer:
(E) that prices of gasoline and heating oil will stay higher than usual through
Explanation:
One for just regular card usage, one for savings and one for emergencies.
Answer:
The correct answer is B. Accounting firms are prohibited from providing many types of consulting services to the companies they audit.
Explanation:
The main reason for this policy is that it does not allow conflicts of interest to arise that eventually produce widely known cases of fraud, such as those presented at the Enron and Worldcom companies.
The Enron case broke out in the U.S. when that energy giant announced what was once the biggest bankruptcy in the history of the country, with a debt of 31,000 million dollars, something overcome a few months later by the collapse of another colossus, WorldCom.
In June 2002 WorldCom, the second US telephone. and of the world, he admitted that he had lied in his accounting books for almost 4,000 million dollars and his actions - which shortly before touched his maximum of 16 dollars - collapsed to 20 cents. His bankruptcy exceeded Enron's: $ 35 billion of liabilities.
Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.
