1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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)

You might be interested in
Assume the Residential Division of KappyKappy Faucets had the following results last year:
Alex_Xolod [135]

Answer:

12%

Explanation:

Calculation for the division's return on investment

Using this formula

Return On Investment = Operating income /Average total assets

Let plug in the formula

Return on investment= $636,000/$5,300,000

Return on investment= 0.12*100

Return on investment=12%

Therefore the division's return on investment will be $12%

6 0
3 years ago
Prior to the receipt of the bond proceeds, Oxford needed funds and went to United Southern Bank to borrow $600,000 in bond antic
klemol [59]

Answer:

D. Debit to Cash, $600,000.

Explanation:

The journal entry is shown below:

Cash Dr $600,000

    To Bond anticipated note payable $600,000

(Being the receipt of the bond is recorded)

For recording this we debited the cash as it increased the asset and credited the bond anticipated note payable as it also increased the liabilities so that the correct posting could be done  

3 0
3 years ago
A company currently sells 10,000 units at $9/unit and makes $20,000 accounting profit. Variable costs currently stand at $6 per
Dmitriy789 [7]

Answer:

Option (b) $1.00

Explanation:

Data provided in the question:

Selling cost = $9/ unit

Number of units sold = 10,000

Accounting profit = $20,000

Variable costs = $6 per unit.

Now,

let x be the increase in variable cost

Account profit = Revenue - Variable cost

thus,

$20,000 = $9 × 10,000 - ($6 + x) × 10,000

or

$20,000 = ( $9 - $6 - x ) × 10,000

or

$2 = $3 - x

or

x = $1.00

hence,

Option (b) $1.00

4 0
3 years ago
Ace Leasing acquires equipment and leases it to customers under long-term sales-type leases. Ace earns interest under these arra
Tamiku [17]

Answer:

Amount to be recovered = $650,000

Present value of bargain purchase option = $150,000 * PV factor at 6% for 6th period

= $150,000 * 0.704961 = $105,744

Amount to be recoverd through periodic lease payment = $650,000 - $105,744 = $544,256

Annual lease payment = $544,256 / Cumulative PV factor for annuity due at 6% for 6 periods

= $544,256 / 5.212364

= $104,416

Explanation:

Amount to be recovered = $650,000

Present value of bargain purchase option = $150,000 * PV factor at 6% for 6th period

= $150,000 * 0.704961 = $105,744

Amount to be recoverd through periodic lease payment = $650,000 - $105,744 = $544,256

Annual lease payment = $544,256 / Cumulative PV factor for annuity due at 6% for 6 periods

= $544,256 / 5.212364

= $104,416

3 0
3 years ago
Read 2 more answers
The organization is very personal, much like an extended family. Involvement The organization is accomplishment oriented, with t
Alexxandr [17]

The correct answer to this open question is the following.

What we are trying to do in this question is to rank the options based on the strength of our preference, knowing that the relationship of a new manager in a company and the employees, as well as the understanding of the culture in the organization, can the degree of success and satisfaction in the workplace. So the strongest preference is "1" and the weakest preference would be "8."

So the rank would be like this:

The organization is very personal, much like an extended family. (4)

The organization is accomplishment oriented, with a focus on competition and getting jobs done. (1)

The organization is stable and structured, with clarity and established procedures. (1)

The organization is dynamic and changing, where people take risks.(3)

8 0
3 years ago
Other questions:
  • Mega-Big Corp. has a small strategic business unit (SBU) that produces a component vital to the manufacturers of automobiles and
    5·1 answer
  • The new-product process starts with new-product strategy development. Place the steps that follow this one in order. (In other w
    11·1 answer
  • Ricky told his team that he is moving forward with a change to the bonus structure, despite vocal objections from several team m
    7·1 answer
  • An advertising agency that assists clients by both developing and placing advertisements may receive payment according to an inc
    6·1 answer
  • If a plan sets long term goals for an organization it is
    7·1 answer
  • Ezra is comparing two checking accounts. One has a monthly fee of $8 and a per-check fee of $0.20, and the other has a monthly f
    11·2 answers
  • Abigail sells rice to stores. She has total og 125 cavans that she plans to distribute to three stores. If she gives 1/5 of what
    5·1 answer
  • McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn
    9·1 answer
  • Im thinking of a number 1 - 10 if u are closet u get BRAINLIST!!!! (#°Д°)
    15·2 answers
  • d needs life insurance that provides coverage for only a limited amount of time while also paying the lowest possible premium. w
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!