Longview Baskets has in its inventory 2.200 damaged baskets that cost $22.000 The baskets can be...

Question

Question

business accounting

Answer 1

Answer #1

SOLUTION

Option A is correct, i.e. $20,000

Selling price after repair	$38,000
Repair cost	$18,000
Opportunity cost of selling basket in present condition	$20,000

Answer 2

Similar Homework Help Questions

Longview Baskets has in its inventory 2.200 damaged baskets that cost $20.000 The baskets can be...

Longview Baskets has in its inventory 2.200 damaged baskets that cost $20.000 The baskets can be sold in their present condition for $12,000, or repaired at a cost of $14,000 and sold for $38,000. What is the opportunity cost of selling the baskets in their present condition? O A. $24,000 O B. $26.000 O C. $52,000 OD. $32,000
Longview Baskets has in its inventory 2,000 damaged baskets that cost $22.000 The baskets can be...

Longview Baskets has in its inventory 2,000 damaged baskets that cost $22.000 The baskets can be sold in their present condition for $14,000, or repaired at a cost of $17.000 and sold for $35.000. What is the opportunity cost of selling the baskets in their present condition? O A $18,000 OB. $31.000 C. $52,000 OD. $36,000
Longview Baskets has in its inventory 2,500 damaged baskets that cost $25,000 The baskets can be...

Longview Baskets has in its inventory 2,500 damaged baskets that cost $25,000 The baskets can be sold in their present condition for $12,000, or repaired at a cost of $13,000 and sold for $40,000. What is the opportunity cost of selling the baskets in their present condition? A. $27,000 B. $37,000 C. $53,000 D. $ 25,000

Four Guys Company has in its inventory 5,200 paired at a cost of $48,000 and sold...

Four Guys Company has in its inventory 5,200 paired at a cost of $48,000 and sold for $78,000. What is the opportunity cost of selling the televisions in their present condition? O A. $30,000 OB. $126,000 OC. $82,000 OD. $87,000
Four Guys Company has in its inventory 5,000 paired at a cost of $45,000 and sold...

Four Guys Company has in its inventory 5,000 paired at a cost of $45,000 and sold for $78,000. What is the opportunity cost of selling the televisions in their present condition? O A $123,000 O B. $79,000 OC. $33,000 OD. $87,000
Selling Price = $28.00 Variable 2,000 6,000 12 Fixed Cost $20,000 20,000 20,000 30,000 30,000 30,000...

Selling Price = $28.00 Variable 2,000 6,000 12 Fixed Cost $20,000 20,000 20,000 30,000 30,000 30,000 40,000 40,000 40,000 $ 14,000 12,000 10,000 4,000 2,000 Sales Volume 3,000 4,000 5,000 Profitability $ 31,000 $ 48,000 $ 65,000 28,000 44,000 60,000 25,000 40,000 55,000 21,000 38,000 55,000 18,000 34,000 50,000 15,000 30,000 45,000 11,000 28,000 45,000 8,000 24,000 40,000 5,000 20,000 35,000 $ 82,000 76,000 70,000 72,000 66,000 60,000 62,000 56,000 50,000 (6,000) (8,000) (10,000) Required a. Determine the sales volume,...

Tawstir Corporation has 800 obsolete personal computers that are carried in inventory at a total cost...

Tawstir Corporation has 800 obsolete personal computers that are carried in inventory at a total cost of $1,100,000. If these computers are upgraded at a total cost of $40,000, they can be sold for a total of $750,000. As an alternative, the computers can be sold in their present condition for $690,000. The sunk cost in this situation is: O $40,000 O $750,000 $1,100,000 O $690,000
Vaughan Company sells a product that has a selling price of $15 por unit its variable...

Vaughan Company sells a product that has a selling price of $15 por unit its variable cost per unit is $11. Total fixed costs are $30,000 per year. If Vaughan sells 20,000 units this year, her total contribution margin shown on her income statement will be O A $50,000 O B. $220,000 OC. $80,000 OD. none of the above
ompany that manufactures small canoes has a fixed cost of $22.000. It costs $80 to produce...

ompany that manufactures small canoes has a fixed cost of $22.000. It costs $80 to produce each canoe. The selling price is $160 per canoe. (In solving this exercise, let x present the number of cances pro sold) Write the cost function. -(Type an expression using x as the variable.) b. With the revenue function RX-Type an expression using x as the variable) c. Determine the break-even point. Type an ordered pair. Do not use commasin targe numbers.) This means...

Goddard's Department Store has budgeted cost of goods sold of $37.000 for its men's shorts in...

Goddard's Department Store has budgeted cost of goods sold of $37.000 for its men's shorts in March. Management also wants to have $8,000 of men's shorts in inventory at the end of March to prepare for the summer season. Beginning inventory of men's shorts for March is expected to be $4,500. What dollar amount of men's shorts should be purchased in March? O A $24,500 OB. $49,500 OC. $33,500 OD. $40,500