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.

You might be interested in

Jessica owns a small trading company. The company buys small vending machines from a manufacturer and sells them to the a retail

djyliett [7]

The anwser is c just took the test

7 0

3 years ago

What is a credit union?

KIM [24]

D.) A cooperative lending institution for a particular group.

Typically, you must be a member to participate in a credit union.

4 0

3 years ago

Read 2 more answers

Last year a country’s real GDP grew by 4%, it’s inflation rate was 2.5%, and it’s government budget deficit was about $250 billi

Arturiano [62]

Answer:

d. 3.85 trillion

Explanation:

Step 1: Given data

GDP = GDP grew by = 4% = 0.04

R = inflation rate was = 2.5% = 0.025

D = government budget deficit was = $250 billion

Step 2: Formula

X = debt at the start of last year

X = D / (GDP + R)

Step 3: Computation

X = 250 billion / (0.04 + 0.025)

X = 250,000,000,000 / 0.065

X = 3,846,153,846,153.85

Step 4: Convert to trillion

X = 3,846,153,846,153.85 / 1,000,000,000,000

X = 3.85 trillion

The correct option is d. 3.85 trillion

Hope this helps!

5 0

2 years ago

Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transac

ValentinkaMS [17]

Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Explanation:

Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Therefore, the correct option is C.

7 0

2 years ago

Logano Driving School’s 2017 balance sheet showed net fixed assets of $4.6 million, and the 2018 balance sheet showed net fixed

r-ruslan [8.4K]

Answer:

$270,000

Explanation:

Net capital spending = Increase in net fixed assets + Depreciation expenses

= [ Net fixed assets at year end - Net fixed assets at the beginning ] + Depreciation expenses

= [$5,200,000 - $4,600,000] + $330,000

= $600,000 - $330,000

= $270,000

8 0

3 years ago