Revolve company is a price-taker and uses a target-pricing approach« on: september 24, 2015, 03: 43: 22 pm »refer to the following information: production volume 602,000 units per yearmarket price $32 per unitdesired operating income 15% of total assetstotal assets $13,700,000 what is the target full product cost in total for the year? assume all units produced are sold.

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.