Answer:
Yes
Explanation:
If a kid sells things daily to people to make profit then that kid would have a "business"
Answer:
LIFO (Last-in-last-out)
Explanation:
Last in last out is the method of inventory valuation where the unit that was added in inventory last would be sold first. In case, of rising prices, the unit added in inventory would cost more than the one added first. So, if LIFO is used in case of rising prices, cost of goods sold would be higher. If COGS is higher, income will fall, thereby reducing tax liability.
So, if the firm wants to pay lower taxes during price rise, it should opt for LIFO method to value inventory.
Answer:
$170
Explanation:
If the goal is to achieve a 15% return on sales, Blanchard Inc., can afford to spend at most 85% of the estimated price ($200) on the production of the new product. Therefore, the target cost is:
The target cost is $170.
Either A or D but most likely D
