Thyme Co. has office furniture that cost $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. What is the sales price of the inventory after it's been refurbished?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Thyme Co. has office furniture that cost $53,400. Thyme's managers can either sell the office furniture in its current state for its book ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Whispering Company traded a used welding machine (cost $11,340, accumulated depreciation $3,780) for office equipment with an estimated fair value of $6,300. Whispering also paid $3,780 cash in the transaction.
Answers (1)
Schwan's sales enterprises of marshall, minnesota, markets a full line of frozen foods in 49 states and parts of canada using door-to-door salespeople who sell from its refrigerated trucks.
Answers (1)
You sold a put contract on EDF stock at an option price of $.25 and an exercise price of $22.50. The option expires today when EDF stock is selling for $21.70 a share.
Answers (1)
The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 6,100 direct labor-hours will be required in May. The variable overhead rate is $8.50 per direct labor-hour.
Answers (1)
The u. s. economy constantly cycles through periods of expansion and contraction based on financial, political, and geopolitical dynamics. during expansionary periods, economic performance is robust and consumer spending increases.
Answers (1)
New Questions in Business
Gontier corporation stock currently sells for $64.18 per share. the market requires a return of 12 percent on the firm's stock. required: if the company maintains a constant 5.
Answers (1)
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is A) following an expansionary monetary policy. B) following a contractionary monetary policy.
Answers (1)