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abruzzese [7]
4 years ago
15

The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calc

ulators are upgraded at a total cost of $130,000, they can be sold for a total of $190,000. As an alternative, the calculators can be sold in their present condition for $50,000.What is the financial advantage (disadvantage) to the company from upgrading the calculators?
Business
1 answer:
Arisa [49]4 years ago
7 0

Answer:

Financial advantage = $10,000

Explanation:

Since the calculators are obsolete, in the current state they only have value of $50,000

If further processed,

Sales = 190,000

Processing cost = 130,000

Total profit after processing = 190,000 - 130,000 = $60,000

The financial advantage of processing further = 60,000 - 50,000

Financial advantage = $10,000, the calculators should be processed further.

Hope that helps.

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FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the orga
Tomtit [17]

Answer:

The correct answer is "corporate strategy"

Explanation:

FordTech is a software company whose clients are based in France. The company has formed a team to decide the direction the organization should take over the next five years. The focus of this team is to increase their clientele in Europe. The company is keen on taking advantage of the opportunities and avoiding threats in the changing environment. This team is involved in developing the corporate strategy  for the organization.

Corporate Strategy takes a group of people to take strategic decisions making by looking across all of a firm’s businesses to determine how to create the most value to achieve company objectives while achieving a competitive advantage.

4 0
4 years ago
Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4
Maurinko [17]

Answer:

B. Debit Notes Receivable $4,000; credit Sales $4,000

Explanation:

Notice we are asked for hthe entry in the supplier's book:

The supplier will take the note thus, it will ahve a note receivable as in the future it expect to receive a cashflow.

The interest will be accrued over time, so are ignored for the moment

The supplier also has to recognize the amount of sales revenue earned with the sale.

4 0
3 years ago
What’s a commercial bank most likely going to do with your money when you deposit it?
sasho [114]

Answer:

keep it in-store and safe until you take some out and if it's there for a while ( like after a year or 2) they could take out a dollar each week or 5 dollars a month for the space you're taking up

8 0
3 years ago
Describe the difference between cost of goods and operating expenses.
MrRissso [65]

Both operating expenses and cost of goods sold (COGS) are expenditures that companies incur with running their business. However, the expenses are segregated on the income statement. Operating expenses and COGS measure different ways in which resources are spent in the process of running a company.

8 0
3 years ago
Frank age 63 is single and provided all of the support for his daughter Anna age 24 and her son Marvin age 6. Neither Anna nor M
allsm [11]

Frank cannot claim Anna or Marvin as a dependent.

Explanation:

Because Frank gives Anna and Marvin every support, support tests are straightforward.

Anna earns revenue in excess of $4200 and can not therefore be requested as dependent. In fact, Marvin does not stay with Frank and can not therefore be stated as dependent.

The income tax credit, EITC or EIC is a bonus to low- and moderate-income employers. To apply, you must fulfill certain criteria and file a tax report, even if you are not obliged to pay a bill. The level of tax you pay is lowered by the EITC and a refund is probable.

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4 years ago
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