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strojnjashka [21]
3 years ago
8

Thyme Co. has office furniture that cost $53,400 . Thyme’s managers can either sell the office furniture in its current state fo

r its book value for $13,800. If Thyme spends $7,200 to refurbish the office furniture and then sell the office furniture, net income will increase by $27,000. What is the sales price of the inventory after it’s been refurbished?
Business
1 answer:
Free_Kalibri [48]3 years ago
8 0

Answer:

Sales price= $48,000

Explanation:

Giving the following information:

Thyme Co. has office furniture that costs $ 53,400. Thyme’s managers can either sell the office furniture in its current state for its book value for $13,800. If Thyme spends $7,200 to refurbish the office furniture and then sell the office furniture, net income will increase by $27,000.

Sales price= 13,800 + 7,200 + 27,000= $48,000

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