Compare target costing and Kaizen costing
What will be an ideal response?
Target costing focuses on reducing costs for products in the research, development, and engineering cycle. Kaizen costing focuses on reducing costs for products in the manufacturing cycle.
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Al Darby wants to withdraw $20,000 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 10% compounded annually?
a. $20,000 times the future value of a 5-year, 10% ordinary annuity of 1. b. $20,000 divided by the future value of a 5-year, 10% ordinary annuity of 1. c. $20,000 times the present value of a 5-year, 10% ordinary annuity of 1. d. $20,000 divided by the present value of a 5-year, 10% ordinary annuity of 1.
Each of the following is a benefit of business, EXCEPT which one?
a. Business enhances the income of owners. b. Business creates jobs. c. Businesses produce goods and services. d. Business improves the quality of education.