When a firm determines the desired cost for a product or service, given a competitive market price, in order to earn a desired profit, the firm is exercising: Group of answer choices Target costing. Absorption costing. Variable costing. Competitive costing. Life cycle costing.

Answers

Answer 1

When a firm determines the desired cost for a product or service, given a competitive market price, in order to earn a desired profit, the firm is exercising Target costing.

The firm is exercising Target costing. Target costing is a cost management approach where a firm determines the desired cost for a product or service based on the competitive market price, in order to earn a desired profit. It involves setting a target cost by subtracting the desired profit margin from the market price and then finding ways to design and produce the product or service at that target cost. The aim is to align costs with the desired selling price to remain competitive in the market while achieving the desired profitability.

To know more about Target costing click here :

https://brainly.com/question/31444443

#SPJ4

Related Questions

a coffee distributor needs to mix a(n) gazebo coffee blend that normally sells for $11.40 per pound with a queen city coffee blend that normally sells for $12.30 per pound to create 50 pounds of a coffee that can sell for $11.54 per pound. how many pounds of each kind of coffee should they mix?

Answers

The coffee distributor should mix 30 pounds of the Gazebo coffee blend with 20 pounds of the Queen City coffee blend to create 50 pounds of coffee that can sell for $11.54 per pound.

Let's assume x pounds of the Gazebo coffee blend and y pounds of the Queen City coffee blend are mixed. We have the following information:
Gazebo coffee blend price = $11.40 per pound
Queen City coffee blend price = $12.30 per pound
Mixed coffee price = $11.54 per pound

To find the solution, we need to solve the following system of equations:
x + y = 50 (total weight of mixed coffee)
(11.40x + 12.30y) / 50 = 11.54 (average price of the mixed coffee)

Solving these equations, we find x = 30 and y = 20.

To create a 50-pound coffee blend that can sell for $11.54 per pound, the coffee distributor should mix 30 pounds of the Gazebo coffee blend with 20 pounds of the Queen City coffee blend.

To know more about Gazebo coffee, visit:- brainly.com/question/33579658
#SPJ11

A physician or surgeon may not accept or agree to accept any payment, fee, reward or anything of value for soliciting patients or patronage for any physician or surgeon. A violation constitutes a Class A misdemeanor and each payment, reward, or fee or agreement to accept a reward or fee is a separate offense.

Answers

The given statement explains that physicians or surgeons cannot accept any form of payment, fee, reward, or anything of value in exchange for soliciting patients or patronage for other physicians or surgeons.

This rule aims to prevent unethical practices in the medical field. Violating this rule is considered a Class A misdemeanor, and each instance of accepting a payment, reward, or fee or agreeing to accept one is considered a separate offense.

In simpler terms, it means that doctors cannot receive any sort of compensation for referring patients to other doctors. This is to ensure that medical decisions are made based on the best interests of the patient, rather than financial gain. If doctors do accept such payments or rewards, they can face legal consequences.To summarize, the rule prohibits physicians and surgeons from accepting any form of payment in exchange for referring patients to other doctors, as this can compromise the integrity of medical decision-making.

To know more about fee visit:

https://brainly.com/question/33716454

#SPJ11

financial statement frauds and potential of between information providers and users leads to a natural skepticism on the part of users. (enter only one word per blank.)

Answers

In summary, the potential for financial statement frauds and the relationship between information providers and users contribute to a natural skepticism among users. It is important for users to exercise due diligence, scrutinize financial statements, and rely on independent audits and regulatory oversight to mitigate the risk of fraud.

Financial statement frauds occur when companies manipulate their financial statements to deceive investors, creditors, or other users of the information. This can lead to a loss of trust and skepticism among users.

The potential for fraud arises from the relationship between information providers (companies) and users (investors, creditors, etc.). Companies may have incentives to misrepresent their financial performance to attract investments or secure favorable credit terms. Users, on the other hand, rely on financial statements to make informed decisions about investing or lending.

This dynamic creates a natural skepticism among users. They become cautious and doubtful about the accuracy and reliability of financial information provided by companies. Users may question the integrity of the reported numbers, suspecting hidden agendas or attempts to deceive.

The consequences of financial statement frauds can be significant. Investors may suffer financial losses, and creditors may face defaults. The reputation of the company may be tarnished, affecting future relationships and opportunities.

to know more about natural skepticism visit:

https://brainly.com/question/33744282

#SPJ11

A(n) ________ account represents the money or investments you have at a brokerage firm. Question 18 options: stock purchasing discretionary brokerage indemnity

Answers

A brokerage account represents the money or investments you have at a brokerage firm.

Here's an explanation of each option:

Stock: A stock account specifically refers to an account that holds shares of individual stocks. It allows investors to buy, sell, and hold shares of publicly traded companies.

Purchasing: This option doesn't fit the context. "Purchasing" is a verb that describes the action of buying something, rather than an account type.

Discretionary: A discretionary account is one in which the account holder grants the brokerage firm the authority to make investment decisions on their behalf. The firm has the discretion to buy, sell, and manage investments without needing to consult the account holder for every transaction.

Brokerage: A brokerage account is a general term that encompasses various types of accounts offered by brokerage firms. It typically refers to an account that allows investors to buy and sell various securities such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).

Indemnity: This option doesn't fit the context either. "Indemnity" refers to compensation or protection against losses or damages, and it is not commonly associated with brokerage accounts.

now more about investments visit:

https://brainly.com/question/14921083

#SPJ11

Greta is the new HR Manager of a small company. The previous HR Manager kept every document he had access to in the past 10 years of his job at the firm, but Greta is determined to clear out the unnecessary documents. In the context of Equal Employment Opportunity Commission (EEOC) requirements, Greta should keep all applications and hiring-related documents and records for _____ before they can be discarded.

Answers

According to Equal Employment Opportunity Commission (EEOC) requirements,

Greta should keep all applications and hiring-related documents and records for at least 1 year before they can be discarded.

This includes resumes, job applications, interview notes, and any other documents related to the hiring process.

learn more about Equal Employment Opportunity Commissionon :

https://brainly.com/question/14774625

#SPJ11

Other Questions

How does the number 32.4 change when you multiply it by 10 to the power of 2 ? select all that apply. a). the digit 2 increases in value from 2 ones to 2 hundreds. b). each place is multiplied by 1,000 c). the digit 3 shifts 2 places to the left, from the tens place to the thousands place. A(n) ________ account represents the money or investments you have at a brokerage firm. Question 18 options: stock purchasing discretionary brokerage indemnity (a) Use Newton's method to find the critical numbers of the functionf(x) = x6 ? x4 + 2x3 ? 3xcorrect to six decimal places. (Enter your answers as a comma-separated list.)x =(b) Find the absolute minimum value of f correct to four decimal places. a _________ is a type of procedure that always returns a value. group of answer choices subprocedure function method event Question 3 Describe the level curves $ L_{1} $ and $ L_{2} $ of the function $ f(x, y)=x^{2}+4 y^{2} $ where $ L_{c}=\left\{(x, y) \in R^{2}: f(x, y)=c\right\} $ Considers F ( x , Y ) = ( 3 + 4 x Y two ) i + 4 x two Y j , C is the arc of the hyperbola Y = one x from the point ( one , one ) until the point ( two , one two ) Determine the potential function using the potential function determine C F d r along curve C. To achieve maximum power transfer between a 44 source and a load ZL (ZL > ZG) using a transmission line with a characteristic impedance of 44 , an inductor with a reactance of 82 is connected in series with the source. Determine the distance from the load, ZL, in terms of wavelengths where the inductor should be connected. Length = State the property that justifies the statement.If A B=B C and BC=CD, then AB=CD. a coffee distributor needs to mix a(n) gazebo coffee blend that normally sells for $11.40 per pound with a queen city coffee blend that normally sells for $12.30 per pound to create 50 pounds of a coffee that can sell for $11.54 per pound. how many pounds of each kind of coffee should they mix? An artist is telling the people around him what he wants done. Write the commands he uses, choosing the proper form ( t, usted, or ustedes) Explain the advantages and disadvantages of the 2 ray ground reflection model in the analysis of path loss. (b) In the following cases, tell whether the 2-ray model could be applied, and explain why or why not: h t=35 mh r=3 m,d=250 mh t=30 m,h r=1.5 md=450 m Describe the different effects of the two meals on satiety.Using the information from your lectures, what physiologicalmechanisms could drive these differences? A manufacturer of yeast finds that the culture grows exponentially at the rate of 13% per hour . a) if the initial mass is 3.7 , what mass will be present after: 7 hours and then 2 days An article states that false-positives in polygraph tests (i.e., tests in which an individual fails even though he or she is telling the truth) are relatively common and occur about 15% of the time. Suppose that such a test is given to 10 trustworthy individuals. (Round all answers to four decimal places.)(a) What is the probability that all 10 pass?P(X = 10) =(b) What is the probability that more than 2 fail, even though all are trustworthy?P (more than 2 fail, even though all are trustworthy) =(c) The article indicated that 400 FBI agents were required to take a polygraph test. Consider the random variable x = number of the 400 tested who fail. If all 400 agents tested are trustworthy, what are the mean and standard deviation of x?Mean = 3Standard deviation = 4 A group of 800 students wants to eat lunch in the cafeteria. if each table at in the cafeteria seats 8 students, how many tables will the students need? Greta is the new HR Manager of a small company. The previous HR Manager kept every document he had access to in the past 10 years of his job at the firm, but Greta is determined to clear out the unnecessary documents. In the context of Equal Employment Opportunity Commission (EEOC) requirements, Greta should keep all applications and hiring-related documents and records for _____ before they can be discarded. What is the wavelength of the light emitted by atomic Hydrogen according to Balmer's formula with m = 3 and n = 8? A) 389nm B)955nm C)384nm D)1950 The table displays the frequency of scores for one Calculus class on the Advanced Placement Calculus exam. The mean of the exam scores is 3.5 . a. What is the value of f in the table? 8. the function h is given by 2 h x( ) = log2 ( x 2). for what positive value of x does h x( ) = 3 ? (ii) a skateboarder, with an initial speed of 2.0 ms, rolls virtually friction free down a straight incline of length 18 m in 3.3 s. at what angle u is the incline oriented above the horizontal?