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34kurt
3 years ago
14

Fancy Furniture produced a batch of 2,000 coffee tables at a cost of $355,000. It was discovered that the entire batch was finis

hed improperly. Fancy can sell the tables as seconds for $305,000 or spend an additional $315,000 to refinish them and sell them for $605,000. In deciding whether to rework the tables or sell them as is, management should:Compare the $305,000 proceeds from the sale of the tables as is, with the $355,000 cost of the tables.Compare the $605,000 possible revenue from refinished tables with the total cost of $355,000 plus $315,000 to refinish.Compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.Eliminate any alternative that results in a loss on the sale of the product.
Business
1 answer:
mylen [45]3 years ago
6 0

Answer:

Compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.

Explanation:

If the tables are sold now, they would cost $305000. If an additional $315000 is spent to refinish the table, the table would the be sold for $605000, that means there would be an additional revenue of $300000 ($605000 - $305000). The company are already operating at a loss as a result of improperly finishing the table. In deciding whether to rework the tables or sell them, the company should compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.

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Arthur, the ruler of Avalon, has asked for your help with the economy of his country. Arthur's economic minister provides you wi
WARRIOR [948]

Answer:

King Arthur, right now Avalon's unemployment rate is <u>12.5%</u> but Avalon's natural rate of unemployment is 14.58%. Therefore, the Avalon economy is currently in a expansion.

Explanation:

Number of Unemployed = Labor force - Employed

Number of Unemployed = 24 - 21

Number of Unemployed = 3

The unemployment rate = (3/24)*100

The unemployment rate = 12.5%

The Natural unemployment rate = Frictional Rate + Structural unemployment Rate

The Natural unemployment rate = [(2+1.5)/24]*100

The Natural unemployment rate = (3.5/24) * 100

The Natural unemployment rate = 14.58%

From the solution, the current unemployment rate less than natural rate,  thus the Avalon economy is currently in a expansion

8 0
3 years ago
the aarp (american association of retired persons) pays to run an advertisement on certain television stations about protecting
Artist 52 [7]

Product and institutional advertising are the two main categories. Institutional advertising focuses on enhancing a company's reputation rather than promoting a specific item. By emphasizing the advantages, product promotion helps the product or service reach its target market.

Which of the 4 types of advertising is this?

  • Display advertising.
  • Videos for marketing.
  • Marketing on mobile devices.
  • Localized advertising.

You can choose from three basic types of digital advertising: display advertising, paid search advertising, and social media advertising.

What are a few instances of direct marketing?

Direct marketing techniques include, among others, emails, online advertisements, flyers, database marketing, sales letters, newspapers, outdoor advertising, phone text messaging, magazine advertisements, coupons, phone calls, postcards, websites, and catalog distribution.

Learn more about advertising here:

brainly.com/question/1658517

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6 0
1 year ago
Consider the following timeline detailing a stream of cash​ flows: The timeline starts at Date 0 and ends at Date 4. The cash fl
gizmo_the_mogwai [7]

Answer:

Present value= $20,227.45

Explanation:

Giving the following information:

On Date 1, the cash flow is 5,000 dollars. On Date 2, the cash flow is 6,000 dollars. On Date 3, the cash flow is 7,000 dollars. On Date 4, the cash flow is 8,000 dollars. The current market rate of interest is 10​%.

We need to use the following formula:

PV= FV/(1+i)^n

Date 1= 5,000/1.10= 4,545.46

Date 2= 6,000/1.10^2= 4,958.68

Date 3= 7,000/1.10^3= 5,259.20

Date 4= 8,000/1.10^4= 5,464.11

Total= $20,227.45

6 0
3 years ago
Smashed pumpkins co. Paid $200 in dividends and $624 in interest over the past year. The company increased retained earnings by
Maru [420]

Dividends that were paid last year = $200

Retained earnings = $522

Net Income = Retained earnings + Dividends paid = 200+522 =722

Tax rate was 38%.

Earnings before tax (EBT) = Net income/ (1-tax rate) =722/(1-0.38) = 1,164.52

Interest expense= 624

Earnings before interest and tax (EBIT) = EBT + interest expense = 1,164.52 + 624 = 1,788.52

Earnings before interest and tax (EBIT) = 1,788.52


3 0
3 years ago
Part of the investigation process for government administrators includes taking notes about conversations and preparing research
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Answer:

B

Explanation:

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6 0
2 years ago
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