The following information for LAS Corporation is available: 
LAS applies its tax losses sequentially, that is, tax losses are carried back as far as possibl The taxes recovered for the year ended 2014 amounted to:
Definitions:
Target Profit
The specific net income a business intends to reach within a designated timeframe.
Price Elasticity of Demand
A measure of how much the quantity demanded of a good responds to a change in the price of that good.
Target Costing
A pricing method that involves determining a product's selling price and then subtracting desired profit to arrive at a target production cost.
Target Costing
A pricing strategy where the selling price of a product is determined first, and then the manufacturing cost is managed to meet that target price.
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