<span>The company president does not believe that the formula should be altered for fear it will tarnish the company's brand. </span>She prefers that the company spend more on marketing and
increase the price. The company’s accountants believe that if marketing costs are increase
by $400,000 then the company can achieve a selling price of $42 per bottle without losing
any sales. At this price, will the company achieve its target operating income of 40% of
revenue?
Total cost
= $9,600,000
Add:
Increase in marketing costs=
400
,000
Total costs of redesigned table =
$10
,000,000
Revised cost per unit ($10,000,000 ÷ 400,000 units)
= $25
Target cost per unit ($42 × 0.60)
= $25.20
Yes, this proposal allows the company to meet its goal of target costs less than 60% of
revenue and target operating income greater than 40% of revenue.
Abc migrated to a Corporation type of company to reduce cost.
Answer:
The life of the firm is limited to the life span of the owner
Explanation:
A sole proprietorship is a type of person run by only one person.
Because the business is run by only one person, the business tends to end when the owner dies. most sole proprietorship lack continuity after the death of the owner
The owner can raise limited amount of capital
The owner and the business are viewed as one entity. So, they don't pay separate taxes.
<u> Fair Debt Collection Practices Act </u><u>(FDCPA) </u>Debt collectors are not allowed to use their positions to collect a debt using any manner of work performance that is found to be abusive, deceptive, or unethical.
FDCPA (Fair Debt Collection Practices Act):
The Fair Debt Collection Practices Act is a federal law passed in 1977 to protect consumer rights from abusive, unfair, or deceptive debt collection practices.
The fair debt collection practices act prohibits abusive, unfair, or deceptive debt collection practices.
This act imposes certain restrictions on debt collectors, including the following:
- They are unable to contact you at an inconvenient time or location.
- They cannot harass or threaten you over the phone or in person.
- In case you have an attorney, then they must contact your attorney
Fair debt collection practices act covers the debts such as mortgages , medical debts, credit cards etc
Learn more about The Fair Debt Collection Practices Act to visit this link
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Answer:
The correct answer is letter "B": materials requisition.
Explanation:
Materials requisition is a form to request materials needed in the production process. Typically, the production department fills out the request to be received by the inventory unit in the organization. The materials requisition form is also helpful to keep track of the materials being used which at the same time will allow charging the targeted job for the cost of the items requested.
As such, the materials requisition is part of the <em>Work in Progress</em> (WIP) account.