Homework Help is Here – Start Your Trial Now!
Business
Accounting
Celular Components manufactures and sells components to large cell phone manufacturers. The company has 400 obsolete components that are carried in inventory at a total cost of $576,000 these components are upgraded at a total cost of $110,000, they can be sold for a total of $170,000 As an alternative, the components can be sold in their present condition for $40,000 What is the financial advantage disadvantage) to the company from upgrading the components Mutiple Choice O O O $20,000 $00.000 6670.000 40.000

Celular Components manufactures and sells components to large cell phone manufacturers. The company has 400 obsolete components that are carried in inventory at a total cost of $576,000 these components are upgraded at a total cost of $110,000, they can be sold for a total of $170,000 As an alternative, the components can be sold in their present condition for $40,000 What is the financial advantage disadvantage) to the company from upgrading the components Mutiple Choice O O O $20,000 $00.000 6670.000 40.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please do not give solution in image format thanku 

Celular Components manufactures and sells components to large cell phone manufacturers. The company has 400 obsolete components that are carried in inventory at a total cost of $576,000 of these components are upgraded at a total cost of $110,000, they can be sold for a total of $170,000 As an alternative, the components can be sold in their present condition for $40,000 What is the financial advantage (disadvantage) to the company from upgrading the components? Multiple Choice $20,000 $00.000 ($570.000) $60.000)
Transcribed Image Text:Celular Components manufactures and sells components to large cell phone manufacturers. The company has 400 obsolete components that are carried in inventory at a total cost of $576,000 of these components are upgraded at a total cost of $110,000, they can be sold for a total of $170,000 As an alternative, the components can be sold in their present condition for $40,000 What is the financial advantage (disadvantage) to the company from upgrading the components? Multiple Choice $20,000 $00.000 ($570.000) $60.000)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS