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emmainna [20.7K]
3 years ago
15

Tori Inc. has some material that originally cost $72,000. The material has a scrap value of $31,900 as is, but if reworked at a

cost of $2,300, it could be sold for $32,600. What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as scrap?
Business
1 answer:
Anestetic [448]3 years ago
8 0

Answer:

The answer is there will a loss of $1600 if the material is reworked rather than sold at scrap value.

Explanation:

Sales value of reworked material: $32,600

Less: Cost to rework material: $2,300

Net Sales Value: $30,300

Current Scrap Value: $31,900

Net loss : $1,600

($1,600)

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Milton friedman argued that consumers are more likely to alter their behavior based on.
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The Right Response is Option C which is Long Term Changes in the Economy.

<h3><u>Why Did Friedman Argued So?</u></h3>
  • The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.

Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.

Therefore, "long-term changes in the economy" is the right response.

To learn more about Long Term Changes in the Economy. Click the links.

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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on

a) changes in the unemployment rate.

b) short-term changes in the economy.

c) long-term changes in the economy.

d) changes in the inflation rate.

4 0
1 year ago
Wells Company's delivery truck, with a cost of $56,000 was destroyed by fire. At the time of the fire, the balance of the Accumu
seraphim [82]

Explanation:

Is the answer C if not please explain

8 0
3 years ago
For each of the six basic tactics, select the set of action steps (a to f) that describe the tactic. tactics action steps - repo
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1 ABCDEF- Reposition a product 2 ABCDEF- Marketing a product 3 ABCDEF- Scheduling production 4 ABCDEF- Modifying plant and equipment 5 ABCDEF- Raising money and paying debt 6 ABCDEF- Inventing a new product

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3 years ago
Read 2 more answers
The opportunity cost of an item is?​
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Answer:

The idea behind opportunity cost is that the cost of one item is the lost opportunity to do or consume something else; in short, opportunity cost is the value of the next best alternative. Click to see full answer Herein, what is opportunity cost give example? Opportunity cost is the profit lost when one alternative is selected over another.

Explanation:

3 0
2 years ago
A company has budgeted direct materials purchases of $300,000 in July and $480,000 in August. Past experience indicates that the
enyata [817]

Answer: $696,000

Explanation:

Given the following;

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AUGUST BUDGET

direct material purchase =$480,000

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Purchase of office equipment = $72,000

Wages expenses = $150,000

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Therefore, total Budgeted cash disbursement for the month of August will include ;

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0.3 × $300,000 = $90,000

70% of August direct material

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Wage expense = $150,000

Office equipment purchase =$72, 000

Selling and administration expenses = $48,000

= $(90,000 + 336,000+ 150,000+72,000+ 48,000) = $696,000.

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3 years ago
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