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snow_tiger [21]
3 years ago
11

Milford Corporation has in stock 16,100 kilograms of material R that it bought five years ago for $5.75 per kilogram. This raw m

aterial was purchased to use in a product line that has been discontinued. Material R can be sold as is for scrap for $3.91 per kilogram. An alternative would be to use material R in one of the company's current products, S88Y, which currently requires 2 kilograms of a raw material that is available for $7.60 per kilogram. Material R can be modified at a cost of $0.77 per kilogram so that it can be used as a substitute for this material in the production of product S88Y. However, after modification, 4 kilograms of material R is required for every unit of product S88Y that is produced. Milford Corporation has now received a request from a company that could use material R in its production process. Assuming that Milford Corporation could use all of its stock of material R to make product S88Y or the company could sell all of its stock of the material at the current scrap price of $3.91 per kilogram, what is the minimum acceptable selling price of material R to the company that could use material R in its own production process?
Business
1 answer:
kati45 [8]3 years ago
3 0

Answer:

Therefore the company should sell material R for $3.91 per kilogram.

Explanation:

Product S88Y:

Current cost (2 kg × $7.60)

=$15.20

Thus If material R were to be used, that means 4 kilograms would be needed.

Hence It currently costs $15.20 for Product S88Y to maintain this same cost.

Therefore material R would be:

[($15.20 ÷ 4 kg) − $0.77]

=3.8kg-$0.77

=$3.03 per kg

Therefore the company should go ahead and sell material R for $3.91 per kilogram.

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1 year ago
British investors frequently invest in the u.s. or italy, depending on the prevailing interest rates. if italian interest rates
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decrease, upward

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3 years ago
Income statement information for Einsworth Corporation follows: Sales $1,500,000 Cost of goods sold 900,000 Gross profit 600,000
Semenov [28]

Answer:

A vertical analysis income statement uses Sales as a base and makes everything else a percentage of sales.

                                            Vertical Analysis Statement

                                                     Amount                     Percentage

Sales                                       $1,500,000                         100%

Cost of Goods sold                ($900,000)                          60%

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Gross Profit percentage = 600,000 / 1,500,000

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6 0
2 years ago
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From the above, we can therefore say that the answer The set of character traits under the achievement, planning, and power clusters includes: opportunity seeking and initiatives, persistence, fulfilling commitment (commitment to work contract), taking risk (calculated), demand for efficiency and quality, goal seeking, information seeking, systematic planning and monitoring, persuasion and networking, self-confidence and independence

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