Answer:
<u>The target cost per iron= $83.25</u>
Explanation:
Profit Required = Required Investment * required rate of return
= $ 3,500,000*15%
= $ 525,000
Sales= 300000*85=$25,500,000.00
Less: profit required=$525,000.00
Cost= Sales- Profit
Cost=24,975,000.00
Per Unit Target Cost = Total Cost / Total Units
= $ 24,975,000/ 300,000
= $ 83.25
Answer:
In the absence of any condition +50% of voting securities will give powers to investors to control over the investee.
Explanation:
- The investors have majority of ownership .
- They can hire the Board of Directors for the investee
- They can directly control over the operations of the investee
- Voting shares give the power to approve or reject major decisions and actions such as a merger.
Answer:
See below
Explanation:
A checking account is held at a financial institution. It allows the account holder to deposit or withdraw money as many times as they wish.
Money in a checking account can be gotten out or withdrawn in the following ways
- Withdraw over the counter at the bank premises.
- Withdraw at an ATM machine using a debit card or other electronic cards.
- Writing a check in favor of the intended recipient
Other ways include;
- Electronic transfers from one account to the other using the internet or banking apps-online banking
