Graham Corp. has 1,000 cartons of oranges that were harvested at a cost of $28,400. The oranges can be sold as is for $33,200. The oranges can be processed further into orange juice at an additional cost of $12,750 and be sold at a price of $49,500. The net benefit (additional income) from processing the oranges into orange juice instead of selling as is would be: rev: 12_08_2020_QC_CS-243270   Multiple Choice   $(3,550).   $(16,300).   $16,300.   $3,550.   $36,750.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Graham Corp. has 1,000 cartons of oranges that were harvested at a cost of $28,400. The oranges can be sold as is for $33,200. The oranges can be processed further into orange juice at an additional cost of $12,750 and be sold at a price of $49,500. The net benefit (additional income) from processing the oranges into orange juice instead of selling as is would be:

rev: 12_08_2020_QC_CS-243270

 

Multiple Choice
  •  

    $(3,550).

  •  

    $(16,300).

  •  

    $16,300.

  •  

    $3,550.

  •  

    $36,750.

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