Answer:
Mojave Corporation and Target Costing:
If Mojave changes to the approach known as target costing, the company will first: trim its $350 cost.
Explanation:
Target Costing is a costing technique where a desired profit margin is set and deducted from a competitive market price. The selling price equals the target cost plus the profit margin. This implies that there is a target cost above which a manufacturer will not exceed given its desired profit and a competitive market price. Therefore, cost must be trimmed to achieve the desired profit level given a market price.
Mojave needs to plan ahead for the price points, product costs, and profit margins it wants to achieve. If it cannot achieve these, then it will be in its best interest not to continue production.
Answer:
to keep track of all business transactions in case of an audit
Answer:
they allow low investments, they are managed by professionals, and they are fairly simple one size fits all plans
Explanation:
Target date funds can be defined as tailored investments, since the retirement plans works with a specific date set. So the investment company knows that they have a certain time to make the assets' value grow. They are very "simple" plans, since the plans should automatically rebalance themselves as the age of the customer increases.
Answer:
b. Revised to reflect the use of the new principle.
Explanation:
- As most of the changes in the account principles need to be disclosed that justifies the changes in the first set of the financial statements. That the change is made and all changes using this retrospective approach needs a prior adjustment and all chances are accounted retrospectively. Thus is revised to make use of the new principle.
Marginal tax rate in relation to this question is:
The percentage of tax applied to Daniel's income for each tax bracket in which Daniel qualify. Thus, the marginal tax rate is the percentage taken from Daniel's next dollar of taxable income above a predefined income threshold.
Therefore, since Daniel neglected to include a $1,280.00 tax deduction, this will decrease Daniel's taxes by:
$1,280.00 × 0.22 = $281.60
Answer:
Decreases taxes by $281.60
