Answer:
c. $24.00
Explanation:
The computation of the target cost is shown below:
Target cost = Selling price - (Selling price × profit margin)
where,
Selling price = $30
And, the profit margin is 20%
So, the target cost is
= $30 - ($30 × 20%)
= $30 - $6
= $24
Basically, by using the above formula, we can find out the target cost after considering the selling price and the profit margin
Answer:
Three rules I will implement is :
1. Liberalization :
Under this, I will support the domestic industry by easing the business operation and making free the activities of business around the nation.
2. Privatization :
In this, I will privatize the market and hand majority of the resources to the private entrepreneurs so that employee and efficiency could be achieved.
3. Globalization :
Under this, I will ease out the foreign trade in the country.
Answer:
Operating expenses
Explanation:
Before a business yields a profit as an output , there is a need for some input from the business owners. One of these input is operating expenses .
Operating expenses is supporting cost of keeping the business running in the course of normal production , different from the cost of production and is necessary as every form of other cost may not get a desired result without the operating cost.
Examples include rent , payroll ,transportation , security fees among others.
Answer:
The answer to this question is, it depends on the motive for the dissolution.
Explanation:
Partnerships can be very rewarding. Yet they are the most unstable of all the legal personalities which can be created for the purpose of for-profit operations or not-for-profit operations.
The dissolution of a partnership can happen for any of the following reasons:
- Bankruptcy
- Change in business practices
- Death
- Partner negligence
- Poor cash flow and
- Retirement
If a person maliciously deploys any of the scenarios as an excuse to dissolve the partnership, then it becomes unethical. This, of course is difficult to prove. A very unethical case would be to dissolve a partnership a partnership, make away with business secrets to start another. If this is discovered and can be proven, the aggrieved party may seek redress in the law court.
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