mpt in Progress Swifty Corporation has old inventory on hand that cost $26250. Its scrap value is $35000. The inventory could be sold for $47500 manufactured further at an additional cost of $26250. What should Swifty do? O Sell the inventory for $35000 scrap value Manufacture further and sell it for $87500 O Dispose of the inventory to avoid any further decline in value O Hold the inventory at its $26250 cost

mpt in Progress Swifty Corporation has old inventory on hand that cost $26250. Its scrap value is $35000. The inventory could be sold for $47500 manufactured further at an additional cost of $26250. What should Swifty do? O Sell the inventory for $35000 scrap value Manufacture further and sell it for $87500 O Dispose of the inventory to avoid any further decline in value O Hold the inventory at its $26250 cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company has old inventory on hand that cost Rs. 15,000. Its scrap value is Rs. 20,000. The inventory could be sold for Rs. 50, 000 by incurring an additional cost of Rs. 15,000. What should the company do?
Subject : Accounting
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The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $576,000. If these calculators are upgraded at a total cost of $100,000, they can be sold for a total of $160,000. As an alternative, the calculators can be sold in their present condition for $40,000. What is the financial advantage (disadvantage) to the company from upgrading the calculators? Multiple Choice $20,000 $(560,000) $120,000 $(60,000