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mixas84 [53]
3 years ago
8

As a Cost and Management Consultant in the banking industry in Ghana, one of your highly esteemed clients, a top tier banking in

stitution in Ghana has required of you to advise them as to whether target costing can be applied to the banking industry in Ghana. They further require you to advise them on what products or services can target costing be applied.
Business
1 answer:
IceJOKER [234]3 years ago
3 0

Answer:

Explanation:

Target costing is a costing system used to determine the life cycle cost of a product or service while the quality and profit on such products are still maintained.

It relies on the external market condition as the desired profit margin is deducted from the market price to arrive at it.

It is relevant to every every organisation that utilizes cost in the process of producing or providing a service . This means that it can be utilized by banks , looking at the various modern services that banks produce , with the focus shifted to service delivery system.

It can also be applied to the IT industry and the manufacturing industry , every organisation that uses cost with the aim of reducing cost while the quality of products and services are still maintained,

Example of services include provision of savings account , production of IT components , manufacturing of cars etc.

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LO 1.2Who are the primary users of the information gathered by managerial accountants?
Oduvanchick [21]

Answer:

managers of the organization

Explanation:

Management Accounting - The main purpose of accounting is to provide a database for business leaders to make the right decisions. Management accounting performs the same function as an area of ​​accounting. Simply the information that the management accounting reveals is intended for internal users of the enterprise, and some literature has described it as "good" data.

Internal users use management accounting data to develop strategies, plan work, make decisions, and optimize resource use.

The main differences between the Financial Accounting (FA) and the Management Accounting (MA) are the dual registration system in the FA. The FA should comply with the legislation and the monetary measure. MA has no legal requirement, and natural, labor and so on. Dimensions can be used. One of the most important differences is that the FA reflects on what has happened, and MA prepares predictive reports on what has happened and about future events.Thus, MA calculations help in making decisions on internal procedures, budgeting and other projected reports.

4 0
3 years ago
Which two types of résumés can be formatted to be visually appealing?
QveST [7]
After my thorough researching, the two types of résumés that can be formatted to be visually appealing is the print and the web. The correct answer to the following given statement or question above is the print and the web.
8 0
3 years ago
Read 2 more answers
Pro forma income statementAustin Grocers recently reported the following 2016 income statement (in millions of dollars):Sales $7
tia_tia [17]

Answer:

$102 million and 6.25%

Explanation:

The computation is shown below:

a. For net income

As we know that

Net income = (Earning before interest and taxes - interest) × (1 - tax rate)

where,

EBIT is calculated after finding out the sales, operating cost which is given below:

Sales = $700 million  × 1.20  = $840 million

And, the operating costs = 75% × $840 million = $630 million

So, the EBIT is

= $840 million - $630 million

= $210 million

Now the net income is

= ($210 million - $40 million) × (1 - 40%)

= $102 million

2.  Now expected growth rate in net income is

= (Latest year Net income ÷ previous year net income) - 1

= ($102 million ÷ $96 million) -1

= 6.25%

Since dividend payout ratio is same so the growth rate in dividend should be equal to the growth rate in net income i.e 6.25%

3 0
3 years ago
The unemployment rate in an economy is 7.5 percent. The total population of the economy is 250 million and the size of the civil
Masteriza [31]

The number of employed workers in this economy is A. 13.5 million

Explanation:

The number of unemployed people in the economy means the percentage of people who are actively seeking employment but cannot find a job for sustenance.

Thus, the ones who are seeking a job are the only ones that can be considered here.

So, the total population cannot be considered and the pool that justifies this demographic is the total labor force which is 180 million.

And the number of unemployed people would be calculated by multiplying the percentage of them with the total labor force which would be

7.5 * 180 = 13.5 million people.

Thus 13.5 people in the force are unemployed.

5 0
4 years ago
Why do his parents want joey and his girlfriend to wait a few years before starting a family
loris [4]
What are the options but I would assume it depends on how young they are
3 0
4 years ago
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