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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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Answer:

See the explanation

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3 years ago
X2 issued callable bonds on January 1, 2018. The bonds pay interest annually on December 31 each year. X2's accountant has proje
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Answer:

7%

Explanation:

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The annual stated interest rate on the bonds is gotten by

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An ideal gas is at a temperature of 300 K. To double the average speed of its molecules, what does the temperature need to be ch
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The temperature of the Ideal Gas needs to be changed to 1200K.

<h3><u>What is an Ideal gas?</u></h3>
  • A theoretical gas known as an ideal gas is made up of several randomly moving point particles with no interparticle interactions.
  • Because it abides by the ideal gas law, a condensed equation of state, and is amenable to statistical mechanics analysis, the ideal gas concept is helpful.
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\frac{V_{1} }{V_{2} } = \sqrt{\frac{T_{1} }{T_{2} } }

\frac{1}{2} = \sqrt{\frac{300}{T_{2} } }

\frac{1}{4} = \frac{300}{T_{2} }

T_{2} = 1200K.

Know more about ideal gas with the help of the given link:

brainly.com/question/8711877

#SPJ4

4 0
1 year ago
f prices are inflexible, then a negative demand shock will lead to Group of answer choices a short-run decrease in prices. no ch
Murrr4er [49]

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A short-run decrease in real GDP.

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A short-run decrease in real GDP.

The last option is correct because the prices are inflexible which means an increase or decrease in quantity will have no effect on the prices. So, the negative demand shock( means a sudden decrease in quantity) will not affect the price but it will decrease the real GDP because the demand curve will shift leftwards.

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3 years ago
A portfolio management organization analyzes 64 stocks and constructs a mean-variance efficient portfolio using only these 64 se
Ber [7]

Answer: Explanation:

A) To optimize this portfolio one would need:

n = 64 estimates of means

n = 64 estimates of variances

n^2-n / 2 =

(64^2-64)/2

(4096-64)/2

4032/2

= 2016 estimates of covariances

To get estimates of expected

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B) in a single index model:

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using excess returns equivalently we have:

R i = α i + β i R M + e i

The variance of the rate of return can be decomposed into the components:

The variance due to the common market factor

Bi^2stdvm^2

The variance due to firm specific unanticipated events

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In this model

Cov(ri,rj) =BiBjSTDV

The number of parameter estimates is:

n = 64 estimates of the mean E(ri )

n = 64 estimates of the sensitivity coefficient β i

n = 64 estimates of the firm-specific variance σ2(ei )

1 estimate of the market mean E(rM )

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Therefore, in total, 194 estimates.

The single index model reduces the total number of required estimates from 2144 to 194.

In conclusion, the number of parameter estimates is reduced from:

(n^2 +3n / 2) to (3n+2)

7 0
3 years ago
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