Answer:
c. $24.00
Explanation:
The computation of the target cost is shown below:
Target cost = Selling price - (Selling price × profit margin)
where,
Selling price = $30
And, the profit margin is 20%
So, the target cost is
= $30 - ($30 × 20%)
= $30 - $6
= $24
Basically, by using the above formula, we can find out the target cost after considering the selling price and the profit margin
Answer:
$750,000
Explanation:
Computation of the balance of the Equity Investment account on the parent's pre-consolidation balance sheet
EQUITY INVESTMENT ACCOUNT
Purchase price $400,000
Add Net income $400,000
Less Dividends ( $50,000 )
Balance of equity $750,000
($400,000+$400,000-$50,000)
Therefore the balance of the Equity Investment account on the parent's pre-consolidation balance sheet assuming that the Goodwill asset has not declined in value subsequent to the date of acquisition will be $750,000
Generally, a board member who is a source of information about a firm's day-to-day activities is classified as inside director
<h3>
what is board of directors?</h3>
- A board of directors (also known as the board) is an executive committee that oversees the activities of an organisation, which can be for-profit or nonprofit, such as a business, nonprofit organisation, or government agency.
- Government rules (including the jurisdiction's corporation law) and the organization's own constitution and by-laws control the rights, duties, and obligations of a board of directors.
- These authorities may specify the number of board members, how they will be chosen, and how frequently they will meet.
learn more about board of directors refer:
brainly.com/question/28201050
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