________ is the maximum cost to develop, produce, and deliver a product or service and earn the desired profit
A) Marginal cost
B) Target cost
C) Variable cost
D) Sunk cost
B
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On January 2, 2013 . Bismark Corporation bought 20 percent of Congeal Corporation's capital stock for $60,000 and classified it as available-for-sale securities. Congeal's net incomes for the years ended December 31 . 2013 . and 2014, were $20,000 and $100,000, respectively. During 2014, Congeal declared a dividend of $110,000 . No dividends were declared in 2013 . On December 31 . 2014, the fair
value of the Congeal stock owned by Bismark had increased to $90,000 . How much should Bismark show on its 2014 income statement as income from this investment? a. $18,000 b. $20,000 c. $22,000 d. $44,000
A ______________ is a name used by a merchant or manufacturer to designate and differentiate its products and is protected.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is true regarding current accounting for stock options?
a. No compensation expense is recognized until stock options are exercised. b. When recognizing stock option expense on the income statement, the equity method is used. c. The stock option expense is recognized on the income statement on the grant date. d. When recognizing stock option expense on the income statement, the fair value is used.