Answer:
$60
Explanation:
For computing the target cost, first we have to determine the profit per unit which is shown below:
= Selling price × return on sales percentage
= $80 × 25%
= $20
Now the target cost would be
= Selling price per unit - profit per unit
= $80 - $20
= $60
All other information which is given is not relevant. Hence, ignored it
Explanation:
The preparation of the year-end income statement for Fighting Okra Cooking Services is presented below:
Fighting Okra Cooking Services
Income statement
As on December 31
Revenue
Service revenue $78,500
Total revenues $78,500 (A)
Less: Expenses
Postage expense $1,500
Legal fees expense $2,600
Rent expense $21,000
Salaries expense $22,000
Supplies expense $20,000
Total expenses $67,100 (B)
Net income $11,400 (A- B)
Answer:
D. the high partial pressure of oxygen in the lungs
Explanation:
- As the cells of the human body are made of the Hemoglobin molecules that transport this red blood to the bloodstreams.
- Due to the presence of the dissolved oxygen concentration in the body that these molecules in the lungs are unloaded and then merges with the tissues.
- The higher pressure is responsible for the flow of the oxygen in the lungs and the thus formation of the RBC in hemoglobin.
Answer:
Classified (Or Multi-Step) Income Statement
Explanation:
A Classified Income Statement states the income a company has made in a certain time frame, including revenue, expenses, and profits of an organization or company.
