Answer:
For a company using target costing, market price minus profit equals target cost and not target price.
The correct answer is False
Explanation:
Target cost is the excess of market price over target profit margin. In target costing, the company does not fix the selling price because selling price is determined by the market.
B. False
Explanation: you do not need a college degree to enter the military
Answer:
Import restrictions are steps or measures employed by the government of a country to reduce the volume of import in a country.
A country can take different measures to restrict import popularly known as import control measures. The following are the most popular import restriction measures.
IMPORT RESTRICTION
1. Import duties
2. Import quota
3. Currency restriction
4. Import License
5. imports surveillance
Explanation:
1. Import duties
These are taxes levied on goods imported to make them less attractive. Import duties are also called custom duties. Import duties increases the prices of imported goods.
2. Import quota
Import quota is another import restriction measure employed by a country to reduce the quantity of imported products, either of a particular goods or from a particular trade partner. This measure ensures a certain import target is not exceeded.
3. Currency restriction
Since foreign currency is used for the payment for imports, a government who is embarking on trade restriction can restrict the supply of foreign currency to make payment for import a bit difficult, thereby reducing the quantity of import.
4. Import License
Another import restriction measure is for a country to embark on a policy that will require special license or a green light to allow the importation of certain commodity. This will go a long way to restrict import
5. imports surveillance
This is a measure that tracks import levels to control the desired level of import in a country.
too much for my brainn sorryyy
Answer:
Austin's income is treated as a foreign source $110,000
Explanation:
The computation of the amount of income treated as the foreign source is given below;
Dividend income arise from the ownership of stock in a French corporation $50,000
Add: Interest on a loan to its Dutch subsidiary $20,000
Add: Royalty from its 50 percent owned Irish venture $40,000
Austin's income is treated as a foreign source $110,000
