Ask Question
20 June, 21:24

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?

+4
Answers (1)
  1. 20 June, 22:32
    0
    Sales price = $48,000

    Explanation:

    Giving the following information:

    Thyme Co. has office furniture that costs $ 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.

    Sales price = 13,800 + 7,200 + 27,000 = $48,000
Know the Answer?
Not Sure About the Answer?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers