1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gre4nikov [31]
4 years ago
8

Cincinnati Manufacturing recently completed a project and has $74,600 of excess material. Cincinnati Manufacturing can sell the

material for $57,400 as is. Or, they can reworked the material at a cost of $1,500. After the rework, they can sell the material for $54,400. What is the financial consequence of selling the reworked material instead of selling the material as is
Business
1 answer:
ipn [44]4 years ago
6 0

Answer:

It is a better deal to sell the materials directly as is.

sales -17,200

rework -21,700

rework differential income -4,500

Explanation:

\left[\begin{array}{cccc}&Sale&Rework&Differential\\Cost&-74,600&-74,600&0\\REWORK&&-1,500&-1,500\\Total&-74,600&-76,100&-1,500\\Proceeds&57,400&54,400&-3,000\\Result&-17,200&-21,700&-4,500\\\end{array}\right]

the financial consequence of rework will be a differential loss of 4,500

It is a better deal to sell the materials directly as is.

You might be interested in
Several years ago MMM Company borrowed money through a bond issue with the following features. Each individual bond has a $1,000
Fynjy0 [20]

Answer:

$1040.56

Explanation:

A bond is debt instrument issued by a borrower which promises to pay the holder regular interest for the holding period and the terminal value at the end of the period.

According to the discounted cash flow model, the value of an asset is the present value of the future cash flows arising from the assets discounted at the required rate of return.

Present value is the worth today of an amount expected in the future.The process of calculating the present value is called discounting

To calculate the price of this bond, we shall discount the future cash flows using the required return of 8% per annum, which is the same as 4% per six-month

Interest payment per 6 month = (9% × $1000)/2= $45

PV of interest payment =  45 × (1-  (1.04)^(-2×5))/0.04)= 364.995

PV of redemption value = 1000 ×  1.04^(-2× 5) =               <u>675.56</u>

Price of the bond                                                               1<u>040.56</u>

6 0
4 years ago
Ravi Singh is working his way through college as an independent distributor of the Rapier Knife Co. The Rapier product line incl
vovikov84 [41]

Answer:

the correct answer is A. engaged in direct selling but is part of an indirect channel.

Explanation:

if you can see, ravi is actually dealing with his customers head on and maintain a direct and friendly relationship with them, the question states that he even makes presentations to customers at their homes. so there is no doubt that he is engaged in direct selling!

but the indirect channel he use is the way he gets the goods to sell. here he buys them from a supplier and sell them at a markup price. although this might be an indirect way, it does not mean that he is not engaged in "direct marketing". marketing aspect relates to how the seller is engaging with the market and customers.

4 0
3 years ago
How long will it take money to double if compounded continuously
allsm [11]

Answer:

The basic rule of 72 says the initial investment will double in 3.27 years.

7 0
3 years ago
Which of these makes contingent workers an advantage to an employer?
Vika [28.1K]
Contingent workers may involve short-term employees, part-time.
They often receive fewer or no benefits from their employer, which result in a cost. These interns may work full-time part-time but they are likely to work for only. The capacity to make low-cost staffing adjustment has become mandatory.
8 0
3 years ago
The following information is available for a company's utility cost for operating its machines over the last four months.
laila [671]

Answer:

Using the high-low method, the estimated variable cost per machine hour for utilities is $1.875/ machine hour

Explanation:

High Low Method is a method used to separate Fixed and Variable Costs Components of a semi-variable cost/overhead.

<em>Step 1 : Establish 2 points - The Highest and The Lowest</em>

High - March 2,640 hrs : $8,100

Low - April 720 hrs : $ 4,500

<em>Step 2 Calculate the variable Cost Component</em>

Variable Costs = Overhead Cost difference /Activity difference

                        = ($8,100-$4,500)/(2,640hrs-720hrs)

                        = $3,600/1,920hrs

                        = $1.875/hr

4 0
3 years ago
Other questions:
  • Tim and Jim sell the same products. However, Tim sells his products at the lowest price in the market. Which strategy is Tim usi
    14·2 answers
  • Of the people described below, who would be counted as unemployed? Choose one or more: A. a full-time college student who plans
    9·1 answer
  • 7 determine the present value if $15,000 is to be received at the end of eight years and the discount rate is 9 percent. how wou
    6·1 answer
  • Healthy Foods Inc. sells 60-pound bags of grapes to the military for $15 a bag. The fixed costs of this operation are $90,000, w
    12·1 answer
  • The united states wants to limit imports of european shoes by increasing the price of those shoes in the states. you advise your
    15·2 answers
  • Which types of investments are securities
    10·1 answer
  • Department G had 2,280 units 25% completed at the beginning of the period, 13,200 units were completed during the period, 1,900
    9·1 answer
  • Make a comparison between the government’s roles in a capitalist economic system versus a socialist or communist economic system
    15·1 answer
  • The ledger of Mai Company includes the following accounts with normal balances: Common Stock $9,000;
    6·1 answer
  • The planning cycle is viewed as a linear process with a sequence of steps; however, it can also be considered cyclical so that a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!