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3 years ago

For a company using target costing, market price minus profit equals target price.

Business

1 answer:

Sav [38]3 years ago

6 0

Answer:

The answer is false

Explanation:

Market price minus profit equals target cost and not target price.

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Suppose economic conditions call for a tax increase but Congress does not implement this measure because an election is approach

Daniel [21]

Answer:

Implementation lag

Explanation:

there are four types of lags associated with fiscal policy

Administrative lag is the time it takes to enact the needed policies. Operational lag is the time it takes for the policy to be enacted to the time the effects are felt in the economy

Recognition lag is the amount of time it takes for authorities to recognise a problem in the economy that needs fiscal policy intervention.

Implementation lag is the amount of time it takes for fiscal policy decisions to be implemented.

3 0

3 years ago

Step2247 [10]

Answer:

Chapter 7 bankruptcy

Explanation:

Chapter 7 bankruptcy is the most common type of bankruptcy filing and it can be filed by individuals, partnerships or corporations (anyone can do it). It is also the quickest and simplest form of bankruptcy filing. But if you are an individual, in order to qualify for Chapter 7 bankruptcy you must earn less than the median state income. Many people choose Chapter 7 bankruptcy since they can get to keep all or almost all of their property.

6 0

3 years ago

Sapp Trucking’s balance sheet shows a total of noncallable $45 million long-term debt with a coupon rate of 7.00% and a yield to

Vedmedyk [2.9K]

Answer:

Please see attachment

Explanation:

Please see attachment

4 0

2 years ago

Four years ago, when Cox's spouse died, Cox filed a joint tax return for that year. Cox did not remarry, but continued to provid

ArbitrLikvidat [17]

Answer:

Head of household.

Explanation:

Cox can qualify as a head of household because he provides full support for a minor child for more than six months.

Currently a head of household has lower tax rates compared to single filers or married people filing separately, head of household 22% tax rate starts at $52,851, while a single filer's 22% tax rate starts at $39,476.

7 0

3 years ago

Blaster Corporation manufactures hiking boots. For the coming year, the company has budgeted the following costs for the product

Aleks [24]

Answer:

a. Sales volume = (Fixed costs + Target income) / Contribution margin per unit

Fixed costs = ( Percentage of fixed Selling and Admin expenses) +

Percentage of fixed Manufacturing expenses

= 600,000 * 80% + 720,000 * 75%

= 480,000 + 540,000

= $1,020,000

30,000 units = (1,020,000 + 900,000) / Contribution Margin per unit

Contribution margin per unit = 1,920,000/30,000

= $64

Sales per unit = Contribution margin per unit + Variable cost per unit

Variable Cost per unit = 21 + 10 + (24*25%) + (20 * 20%)

= $41

Sales per unit = 64 + 41

= $105 per unit

b - 1. Fixed costs = ( Percentage of fixed Selling and Admin expenses) + Percentage of fixed Manufacturing expenses

= 600,000 * 80% + 720,000 * 75%

= 480,000 + 540,000

= $1,020,000

b - 2. Variable Cost per unit

= Direct materials + Direct Labor + variable percentage of Manufacturing overhead cost per unit + variable percentage of Selling and administrative per unit

= 21 + 10 + (24*25%) + (20 * 20%)

= $41

b - 3. Contribution margin = Selling price - Variable cost

= 121 - 41

= $80

b - 4. Breakeven Point = Fixed Cost / Contribution margin

= 1,020,000/80

= 12,750 units

3 0

2 years ago