abby burke has created custom statues made out of scrap metal for over ten years. abby has kept detailed records of every statue she has ever created. for every sale, she obtains the customer's name and address, a description of the statue, and a picture of the statue sold to the customer. her unique style has recently attracted the attention of several celebrities. ready to take her business to the next level, abby has hired you to construct an accounting information system, which she wants modeled after her paper records. as you look over her records, you realize that sometimes the same customer is recorded by a slightly different name. for example, mike mulligan bought a horse statue, m. mulligan bought a bear statue, and mike m. all seem to be the same person. this is an example of what type of problem in the existing records?

In Georgia, an accident and sickness policy that is paid on a quarterly basis requires a grace period of 31 days.

The terms are "Georgia," "accident and sickness policy," "paid quarterly," and "grace period. "Georgia is a state located in the southeastern region of the United States. The state's insurance code regulates accident and sickness insurance policies that are sold and serviced in the state. For instance, an accident and sickness policy that is paid on a quarterly basis requires a grace period of 31 days. This means that the insurance company must give the policyholder a 31-day grace period to pay their quarterly premium before the policy is cancelled. During this time, the policyholder will still be covered. After the 31-day grace period, the insurance company can cancel the policy if the policyholder fails to pay their premium. This cancellation may affect the policyholder's coverage and may result in their loss of benefits. Therefore, policyholders are advised to pay their premiums on time to avoid cancellation.

for more such question on insurance: https://brainly.com/question/25855858

#SPJ4

The company's net operating income or (loss) is $36,000.

This can be calculated by subtracting the fixed costs from the total contribution margin. The total contribution margin is the product of the unit sold and the contribution margin per unit ($120 * 750 units = $90,000). The break-even point is 450 units, so the total fixed costs is 450 x $120 = $54,000. Subtracting the total fixed costs from the total contribution margin gives you $90,000 - $54,000 = $36,000.

To know more about cost click on below link :

https://brainly.com/question/30045916#

#SPJ11

Statement 1. "Ajit may be liable if he operates in a state that requires licensees to make a reasonable effort to discover adverse material facts" is a true statement.

In some states, real estate licensees are required to disclose all known material facts about a property to their clients, and in some cases, they may also have a duty to make a reasonable effort to discover any adverse material facts that may not be readily apparent. If Ajit operates in a state with such requirements and failed to disclose a material fact, he may be held liable. The liability of a real estate agent, like Ajit, depends on various factors such as the laws and regulations in the relevant jurisdiction, the terms of the agreement between the agent and the client, and the specific circumstances of the case.

Learn more about liability here:
https://brainly.com/question/28483469

#SPJ1
The complete question is:
A former client has filed a formal complaint against ajit, claiming he failed to properly disclose a material fact that the seller didn't disclose. which of these statements about ajit's liability is true? 1. Ajit may be liable if he operates in a state that requires licensees to make a reasonable effort to discover adverse material facts. 2. Ajit is a fraud. 3. Ajit consult with an attorney who specializes in real estate law is a fraud. 4. He is filed for bankruptcy.

External information search refers to the process of seeking out information from sources outside of oneself to make informed purchasing decisions.

When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in external information search. This refers to the process of seeking out information from sources outside of oneself to gather relevant knowledge and make informed purchasing decisions.

For example, a customer might read product reviews, compare prices, or ask friends for recommendations before making a purchase.

https://brainly.com/question/32863009

#SPJ12

The bond indenture is the underlying contract between the corporation issuing the bonds and the bondholders. The correct answer is option d.

The bond indenture is an agreement between a bond issuer and the bondholder that outlines the terms of a bond issuance. It's a legal agreement between two parties that describes the terms of the bond, such as the interest rate, the maturity date, and the repayment terms. It also describes the rights and obligations of both parties in the bond issue.The bond indenture outlines the legal obligations of both parties in the bond issue.

Bondholders are entitled to receive interest payments on a regular basis, and they are also entitled to repayment of the principal amount when the bond matures. The bond issuer, on the other hand, is obligated to make these payments to the bondholders in accordance with the terms of the indenture

.The bond indenture also defines the security for the bond issue. If the bond issue is secured, the bondholders have a claim on specific assets of the issuing corporation in the event of default. If the bond issue is unsecured, the bondholders don't have a claim on any specific assets of the issuing corporation.The correct answer is option d.

To know more about bond indenture refer to-

brainly.com/question/31023512#

#SPJ11

The rate that Leandra should quote in the budget section of her proposal depends on several factors, including the quality and reliability of the translation, the turnaround time required, and her available budget.

While the volunteer translator is offering the lowest rate at $10 per page, it is important to consider the level of experience and quality of their work. If the translation is complex or requires specialized knowledge, it may be better to work with a more experienced translator who can ensure accuracy and quality. On the other hand, if the translation is relatively simple and straightforward, the volunteer translator may be a good option, especially if Leandra is working with a limited budget.

Ultimately, the decision should be based on a careful evaluation of the translators' experience, quality of work, and rates, as well as Leandra's available budget and timeline. Therefore, the rate that Leandra should quote in the budget section of her proposal depends on her specific needs and priorities, and should be determined through careful consideration of all available options.

To know more about the Budget section, here

https://brainly.com/question/31180352

#SPJ4

Assuming the economy is in a short-run equilibrium at point l, without any fiscal or monetary policy actions the long-run supply and demand curves will eventually become more aligned and the equilibrium point l will become a stable equilibrium in the long run the demand increases and the supply stays the same, then prices can increase to account for this shift in demand.

Similarly, if the supply increases and the demand stays the same, then prices can decrease to account for this shift in supply. This is because in the long run, prices and wages become more flexible and able to adjust to market conditions.

With this greater flexibility, the short-run supply and demand curves will become increasingly parallel in the long run and the equilibrium point l will become a more stable equilibrium point.

To know more about long run, click here:

brainly.com/question/17100185

#SPJ11

Complete Question - Assume the economy is in a short-run equilibrium at point l. in the absence of any fiscal or monetary policy actions, what will happen in long run?

The nominal interest rate on a similar loan would be 9% today if inflation is now 4.4%.

Suppose Debra took out a mortgage with a 6.6% interest rate when inflation was 2.9%. Now, inflation is 4.4%. We will use the Fisher effect to calculate the nominal interest rate for the new rate.

The Fisher Effect states that the real interest rate is equal to the nominal interest rate minus the inflation rate. It can be used to calculate the nominal interest rate for a particular period.

To calculate the nominal interest rate, the formula is as follows:

Nominal interest rate = Real interest rate + Inflation rate

Given that Debra took out a mortgage with a 6.6% interest rate when inflation was 2.9%, the real interest rate, i.e., the interest rate adjusted for inflation is:

Real interest rate = Nominal interest rate - Inflation rate

Real interest rate = 6.6% - 2.9%

Real interest rate = 3.7%

Now, if inflation is now 4.4%, the nominal interest rate can be calculated using the Fisher effect:

Nominal interest rate = Real interest rate + Inflation rate

Nominal interest rate = 3.7% + 4.4%

Nominal interest rate = 8.1%

Therefore, the nominal interest rate on a similar loan would be 8.1% today if inflation is now 4.4%.

To learn more about nominal interest, refer below:

https://brainly.com/question/13324776

#SPJ11

When externalities exist, the outcome observed may not be the efficient outcome.Externalities refer to the costs or benefits incurred by a third party, which are not reflected in the market price of a good or service.

Externalities can be either positive or negative. In either case, they create a divergence between private and social costs or benefits, causing a market failure.Externalities can arise in different forms, such as pollution, noise, congestion, or research and development. In each case, the party creating the externality does not bear the full cost or benefit of their action, leading to an inefficient allocation of resources.For instance, consider the case of pollution from a factory. The factory owner may not take into account the costs of air or water pollution on the nearby residents' health or property values. As a result, the factory may produce more than the socially optimal level of pollution, causing harm to the community and creating an inefficiency in the market. On the other hand, if a person invests in education or research and development, the social benefits of their action may exceed the private benefits. This can lead to underinvestment in such activities and a suboptimal outcome.Externalities are one of the main reasons why the government intervenes in the market, by imposing taxes or subsidies, regulating the production or consumption of certain goods, or providing public goods and services. Such interventions aim to internalize the external costs or benefits and align private incentives with social welfare.

for more questions on externalities

https://brainly.com/question/22526460

#SPJ11

The item that is not a temporary difference is Bad debts charged off in the current period exceed the bad debts accrued in the current period.  

A deferred tax asset is a tax asset on a company's balance sheet that may be used to lessen taxable income. This asset occurs when taxable income is lower than accounting income, and thus income taxes owed are less than the taxes already paid or credited. The income statement and balance sheet have timing distinctions, which is a temporary difference that creates deferred tax assets and deferred tax liabilities.

To provide more context to this explanation, we can look at each of the other options and explain whether they are temporary differences or not: Taxes payable are reduced if expenses are recognized for financial reporting purposes before taxes. Vacation pay accrued for tax purposes in a previous period is taken in the current period, resulting in a deferred tax liability.

Tax depreciation for the year is greater than book depreciation, resulting in a deferred tax liability. A goodwill impairment expense was reported on the income statement. The goodwill was not taxable because it had no tax basis when it was created, so there was no deferred tax asset or liability. The correct option is bad debts charged off in the current period exceed the bad debts accrued in the current period.

For more about temporary difference:

https://brainly.com/question/15824769

#SPJ11

The financial resources set aside to pay principal and interest on general long-term debt may be accounted for in which of the following fund types?The financial resources that are set aside to pay the principal and interest on general long-term debt may be accounted for in the debt service fund

.In municipal accounting, the Debt Service Fund is a fund that is separate from the General Fund and is used to account for and manage resources that are set aside to pay principal and interest on general long-term debt. In accounting, it is typically used to record financial resources set aside to pay for principal and interest on long-term debt. These funds can only be used for debt service purposes.In addition, any transactions or activities related to the issuance of long-term debt are also recorded in the debt service fund. This means that if an entity were to issue a bond or take out a loan, any payments made would be recorded in the debt service fund. The debt service fund is used for debt servicing, which includes principal and interest payments, as well as any other payments required under the terms of the debt instrument.

for more such question on financial

https://brainly.com/question/989344

#SPJ11

A charismatic leader is one who inspires others to make their best effort by communicating in an articulate (clear and direct) manner. They arouse people's motivation to attain the targeted goals using their personality attributes.

1.) Heidi could be stated as a charismatic leader. thus, option (D) is the correct answer.

2.) To be like Heidi, you need to have a compelling vision and communicate the same confidently. Thus, option (A) is the correct answer

Charismatic management or leadership is a style of professional guidance or management built on a foundation of excellent communication skills, persuasiveness, and perhaps even a little bit of charm.

Therefore,

1.) Heidi could be stated as a charismatic leader. thus, option (D) is the correct answer.

2.) To be like Heidi, you need to have a compelling vision and communicate the same confidently. Thus, option (A) is the correct answer

Learn more about Charismatic leadership here,

https://brainly.com/question/30924280

#SPJ12

The given question is incomplete, the complete question is:

Sue Ryan says about Heidi that "her passion for this business comes out all over the place. Sue says it's "contagious" and got Sue excited about buying a franchise.

(1.) Heidi ____.

A. Is a leadership substitute

B. Is a conformist

C. Has high-task, low-relationship style

D. Is a charismatic leader

(2.) To be like Heidi, you need to ____.

A. have a compelling vision and communicate it confidently

B. Has a professional orientation and sufficient training

C. obey orders without question

D. communicate that work is all about achieving goals

Mortgage lenders typically require borrowers to include covenants related to insurance and property taxes in their loan contracts to ensure that the property will be adequately protected in the event of a disaster or other circumstance that may damage it.

These covenants typically require the borrower to keep adequate insurance coverage on the property, keep the property in a safe condition, and pay all property taxes in a timely manner. They also give the lender the ability to take steps to ensure compliance with the covenants, such as ordering a property inspection, requiring proof of insurance coverage, or filing for a property tax lien.

By including these covenants, lenders can help protect their investments and minimize the risk of default.

For more such question on Mortgage

https://brainly.com/question/24732162

#SPJ11

The correct answer is Option D

Lucia Company reported cost of goods sold for year 1 and year 2 as follows:

Year 1 Year 2

Beginning Inventory $ 129,000 $ 131,800

Cost of Goods Purchased $ 251,800 $ 284,000

Cost of Goods Available for Sale$ 380,800 $ 415,800

Ending Inventory$ 131,800 $ 136,800

Cost of Goods Sold$ 249,000 $ 279,000

Lucia Company made two errors:

1) Ending inventory at the end of year 1 was understated by $16,800, and

2) Ending inventory at the end of year 2 was overstated by $7,800.

The correct cost of goods sold figure for year 2 would be $286,800. Let us discuss the steps used to calculate the answer:

Step 1: To begin with, we need to calculate the correct ending inventory for year 1. Correct ending inventory for year 1 = Ending inventory + understated amount

Correct ending inventory for year 1 = $131,800 + $16,800 = $148,600

Step 2: Now, we will use the correct ending inventory amount for year 1 to calculate the cost of goods sold for year 1.

Cost of goods sold for year 1 = Beginning inventory + Cost of goods purchased - Correct ending inventory

Cost of goods sold for year 1 = $129,000 + $251,800 - $148,600 = $232,200

Step 3: Similarly, we will use the overstated ending inventory amount for year 2 to calculate the correct ending inventory for year

2. Correct ending inventory for year 2 = Ending inventory - overstated amount

Correct ending inventory for year 2 = $136,800 - $7,800 = $129,000

Step 4: Finally, we will use the correct ending inventory amount for year 2 to calculate the cost of goods sold for year

2. Cost of goods sold for year 2 = Beginning inventory + Cost of goods purchased - Correct ending inventory

Cost of goods sold for year 2 = $131,800 + $284,000 - $129,000 = $286,800

Therefore, the correct cost of goods sold figure for year 2 is $286,800.

To know more about Inventory here

https://brainly.com/question/14184995

#SPJ11

These women were stigmatized as they mix with men and people from other classes.  

Export Processing Zones (EPZs), or as they are known in Malaysia as Free Zones, have played an important role in facilitating the export of manufactured goods.

The Malaysian government enacted the Investment Incentives Act in 1968 to encourage the growth and development of labor-intensive, export-oriented industrialization. However, it was not until 1971 that he passed the Free Trade Zone Act, which created his EPZ, which was particularly attractive to foreign investors.

An export processing zone (EPZ) is a fenced industrial zone for manufacturing products for export. In short, they trade enclaves that import raw materials, process them, and export them to global markets.

To learn more about Export processing zones, here:

https://brainly.com/question/2183306

#SPJ4

Output is "transfers processed information to the people who will use it or to the activities for which it will be used". Thus, Option D is correct.

Output is the result of processing input data, which has been transformed into meaningful information and transferred to the appropriate people or activities to be utilized. It is a critical component of any information system as it enables individuals or processes to make informed decisions based on the processed data.

The output can take various forms, such as reports, graphs, dashboards, or alerts, depending on the intended audience and purpose. Effective output should be accurate, timely, relevant, and easily understandable, allowing users to take appropriate action based on the information presented.

Thus, Option D holds true.

This question should be provided as:

Output...

Learn more about Output https://brainly.com/question/27646651

#SPJ11

The development of a set of corporate, business, and functional strategies that allow an organization to accomplish its mission and achieve its goals is known as strategic management.

Strategic management is the process of managing an organization's resources to achieve its goals and objectives. Strategic management aids in the development of an organization's strategic plan, which is a comprehensive blueprint for achieving the organization's objectives.

There are four stages in the strategic management process.

1. Environmental scanning involves identifying potential threats and opportunities for the organization.

2. Strategy formulation is the process of developing the organization's mission, objectives, and goals.

3. Strategy implementation is the process of carrying out the strategic plan that has been developed.

4. Strategy evaluation and control involve monitoring the success of the strategic plan and making necessary changes.

For more about development:

https://brainly.com/question/28011228

#SPJ11

The percentage return on the investment is 12.93%.

To find the percentage return on the investment, we need to consider the dividend earned by the buyer before redemption.

So, the buyer earns a profit of= $1137.00 - $1006.66 = $130.34

The percentage return on the investment is given by

Profit Percentage = (Profit / Cost Price) x 100

Profit Percentage = ($130.34 / $1006.66) x 100

Profit Percentage = 12.93%

Therefore, the percentage return on the investment is 12.93%.

Learn more about Return on Investment:  https://brainly.com/question/11913993

#SPJ11

False.To adopt a win-win strategy in negotiation amounts to negotiating from a position of weakness is false. Instead, a win-win strategy allows both sides to walk away feeling like they have gained something from the negotiation.

Negotiation is a process that can help parties resolve conflicts and disputes or reach an agreement over a shared concern. The process involves discussions between the two parties involved, where both sides aim to reach an agreement that benefits both of them.

A win-win strategy in negotiation involves creating an agreement where both parties gain from the deal. The goal of a win-win strategy is to enable both parties to walk away feeling as if they have won, rather than feeling as though one side has emerged as the winner and the other side as the loser.

A win-win strategy involves identifying areas of common ground, negotiating fairly and openly, and being willing to compromise when necessary. Thus, it can be concluded that the statement "To adopt a win-win strategy in negotiation amounts to negotiating from a position of weakness" is false.

Learn more about Negotiation here:

brainly.com/question/902450

#SPJ11

The term insufficient mandate in bank transactions refers to a situation where a bank account holder has not provided clear instructions or authorization to the bank to carry out a particular transaction.

In other words, there may not be enough information or documentation to support the transaction, or the account holder may not have given the bank proper permission to execute the transaction.

This could happen for various reasons, such as the account holder providing incomplete or incorrect information, or the bank's policies and procedures requiring certain documentation or authorization that the account holder has not provided. When a bank encounters an insufficient mandate, it may not be able to process the transaction until it receives the necessary information or authorization from the account holder. A bank account is a financial account held by a customer with a bank or other financial institution, where the customer deposits money and may withdraw funds as needed. Bank accounts can include savings accounts, checking accounts, money market accounts, and other types of accounts.

learn more about bank transactions here

https://brainly.com/question/29975908

#SPJ4

The team is in the forming stage of development.

Team development refers to the sequence of stages that a team goes through to become a high-performing unit that is capable of achieving its goals. Every team is unique, and each team passes through the stages of development at a different rate.

A project manager responsible for building a new office building that started this week has noticed some unusual behavior amongst the team. The team members are experimenting with different behaviors to see what is acceptable to the project and personal relationships, so the team is in the forming stage of development.

In this phase, team members may be anxious, unclear about their tasks and obligations, and eager to learn more about the group's objectives. It is also a period of exploration for the team's leaders, who are assessing and defining the group's objectives, strategies, and responsibilities.

Team members are frequently still unfamiliar with one another, have different objectives and opinions, and are uncertain about their roles in the team. Because of the lack of personal relationships and clearly defined group roles and responsibilities, communication is often superficial and polite.

Learn more about Team development here:

brainly.com/question/25637878

#SPJ11

To ensure the project's success, the project manager should ask the client for extra time to meet with stakeholders and the project team and give an accurate cost and timeframe proposal.

This might be accomplished with as little as making a list of the actions that need to be completed to complete your project. For the organization of these tasks in complex projects, a WBS, a project management chart that helps with project visualization, may be helpful.

Evaluate how sacrificing one of the three main constraints — time, money, or scope — will affect how you will assess the success of the project once it is complete. For some projects, for example, it may be considered a major achievement if the timetable was delayed by two weeks and the cost increased by 2%.

Learn more about project management: https://brainly.com/question/30472746

#SPJ1

To calculate the future value (FV) of $6,000 with an interest rate of 8 percent for two years, you can use the following formula:

FV = PV × (1 + r)n

Where:

Now we can substitute these values in the formula:

Therefore, the future value (FV) of $6,000 with an interest rate of 8% for two years is $6,998.40.

Learn more about future value: https://brainly.com/question/24703884

#SPJ11

Given that the economy is in a recessionary gap, there is incomplete crowding out, and the government implements expansionary fiscal policy. It follows that the AD curve will shift to the right. This implies that the recessionary gap will be completely eliminated. It is important to note that in a recessionary gap, there is a low level of aggregate demand, which causes high unemployment and low production.

The government uses fiscal policy, particularly expansionary fiscal policy, to boost aggregate demand and increase production levels. This policy involves increasing government spending and lowering taxes. As a result, the aggregate demand curve shifts to the right, as shown in the following diagram:

Figure 1: Effect of Expansionary Fiscal Policy on Aggregate DemandIn this diagram, AD1 shifts to AD2 as a result of expansionary fiscal policy. This shift results in the elimination of the recessionary gap. The economy moves from point A to point B, where real GDP and the price level increase. Therefore, it can be concluded that the correct answer is: the recessionary gap will be completely eliminated. The price level will rise. Real GDP will rise. The AD curve will shift to the right.

Learn more about Expansionary Fiscal Policy: https://brainly.com/question/25791968

#SPJ11

In this situation, there are two possibilities: either Joe owns the rights to the river and will enforce his property rights, not allowing Plastics to pollute, or Plastics, Inc. owns the rights to the river and will continue polluting using its property rights.

Joe may choose to pay Plastics, Inc. $35000 to stop polluting if the marginal cost of pollution is lower than the marginal benefit of pollution reduction. The city should undertake cleanup efforts only if the marginal benefit of cleanup exceeds the marginal cost. The North Park and Upper River Beach cleanups should not be carried out as their marginal cost exceeds the marginal benefit. However, the South Shore and Green Creek cleanups are suitable for the city to undertake, as they have a positive net benefit.

For more such question on  marginal

https://brainly.com/question/15050855

#SPJ11

Other things are the same if a country raises its saving rate, the growth of real GDP per person is higher as the economy moves toward the long run and in the long run. Therefore, option (a) is correct.

What is GDP? Gross Domestic Product (GDP) is the total value of goods and services produced within a country in a given period. Real GDP is the total value of goods and services produced within a country in a given period after accounting for the inflationary impact. A country's real GDP per capita, which is the total GDP of a country divided by its population, is a measure of its economic health.

What is the saving rate? The saving rate is the percentage of a household's or country's disposable income that is saved rather than consumed. Investment in capital increases productivity, which in turn leads to an increase in real GDP. As a result, as the saving rate increases, there is more investment, increasing productivity, and the economy moves toward the long-run growth rate. Therefore, raising the savings rate results in increased growth of real GDP per person in the short term as the economy moves towards the long run and in the long run.

For more such questions on saving rate

https://brainly.com/question/31063374

#SPJ11

The Bible advises hard work for economic success. Option C is the correct answer.

The Bible provides us with a lot of information and instructions on how to be prosperous. It's no surprise that the Bible has a lot to say on this subject, given that finances are such a significant part of our daily lives. The Bible advises hard work for economic success. One of the most important aspects of economic success is diligence. Diligence and effort are the keys to success, according to the Bible.

The Bible provides us with practical guidance on how to manage our finances. The instructions given in the Bible are applicable today, and we may benefit from them if we follow them carefully. The Bible's advice on finances might be put into practice, even if the world has evolved in a variety of ways. The Bible advises us to work hard, save money, and avoid debt, among other things. Because God blesses the work of our hands, diligent labor is rewarded. Option C : "Hard work" is essential to economic success.

You can learn more about economic success at

https://brainly.com/question/1690575

#SPJ11

If a customer wins damages against a real estate agent for fraud but is unable to collect, they may be eligible to a recovery payment from the Recovery Fund.

Hence, the answer is Recovery Fund.

Real estate is defined as the land and any permanent buildings, such a house, or improvements related to the property, whether created naturally or artificially. A type of real property is real estate.

Real estate on its own offers cash flow, tax benefits, equity building, competitive risk-adjusted returns, and an inflation hedge. Investing in physical buildings or REITs, real estate may improve a portfolio by reducing volatility via diversity.

To know more about Real Estate visit:

https://brainly.com/question/10336196

#SPJ1

Life-stage segmentation allows marketers to create targeted, actionable, and effective campaigns based on how people consume and interact with brands.

This type of segmentation divides customers into different categories based on their current life stages, such as age, gender, family structure, and income. These segments are then used to create customized strategies that can effectively reach the desired target audience. Marketers can utilize different strategies such as inexpensive advertising, professional marketing materials, multimedia campaigns, social media engagement, and personalized interactions to reach these segments.

For example, a company targeting young adults might use inexpensive digital ads, while a company targeting an older demographic might use more traditional print materials. Social media campaigns can also be used to target specific segments and create a more personal connection with the brand.By leveraging life-stage segmentation, companies can effectively tailor their campaigns and create meaningful relationships with their target customers. This type of segmentation helps marketers to develop more effective and actionable campaigns that speak directly to their desired audiences.

For such more questions on segmentation

https://brainly.com/question/5545577

#SPJ11

Target profit (C) can be calculated by modifying the break-even equation.

The target profit is defined as the estimated amount of revenue or profit that a company plans to achieve from a particular investment or operation.

The aim of achieving target profit is to make a significant profit on the investment after all expenses have been met. The target profit helps in the decision-making process to decide whether the project or investment is viable or not.

The target profit can be calculated by modifying the break-even equation. The Break-even equation is a simple formula used to determine the minimum sales revenue that a company must generate in order to break even on its investment.

The modified break-even equation is given below:

Sales Revenue = Fixed Cost + Target Profit / Contribution Margin

Sales Revenue: It is the amount of revenue that the company plans to achieve.

Fixed Cost: It is the fixed cost incurred for the investment.

Target Profit: It is the estimated profit to be made on the investment.

Contribution Margin: It is the difference between the selling price and variable cost per unit of a product or service.

To know more about break-even equation, refer here:

https://brainly.com/question/16911781#

#SPJ11