Answer:
Target Market
Explanation:
The target market is the people that a business has identified as potential buyers of its products and services. It is the group of customers that a business targets with its advertising messages. Therefore, the target market is that group of customers that a business expects to buy its products. A target market consists of existing and potential customers.
Answer:
$73,500
Explanation:
Income tax payable = Book income before income tax*Tax rate
Income tax payable = $350,000*21%
Income tax payable = $73,500
Therefore, the amount of income tax payable that Smith should report in its December 31, 20X1, balance sheet is $73,500
Answer:
D. what the value of the stream of future cash flows is today
Explanation:
The times' value of money derives that today value or we can say the present value is more than the value earned at the future or future value because of the earning capacity due to inflation. As inflation rises, consumer spending become less as compare to before
Just take an example
If you invest $1,000 today that earns the interest rate at 10% for one year
So, the present value = $1,000
And, the future value = $1,000 × 1.1 = $1,100
So, today value is becoming more worth than the future value
The formula to compute the future value is shown below:
Future value = Present value × (1 + interest rate)^number of years
Note: The yoda is actually today. It is given wrong
Answer:
$240,000
Explanation:
The computation of the amount of cash and cash equivalent is as follows;
Amount of cash and cash equivalents is
= Money market account + 90-day certificate of deposit + Checking account for 101 - Checking account for
= $25,000 + $50,000 + ($175,000 - $10,000)
= $25,000 + $50,000 + $165,000
= $240,000
