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Question - Janus Corporation has in stock 43,700 kilograms of material L that is bought five years ago for $6.10 per kilogram. This raw material was purchases to use in a product line that has been discontinued. Material L can be sold as is for scrap for $3.23 per kilogram. An alternative would be to use material L in one of the company's current products, E99D, which currently requires 2 kilograms of a raw material that is available for $9.45 per kilogram. Material L can be modified at a cost of $0.62 per kilogram so that it can be used as a substitute for this material in the production of product E99D. However, after modification, 3 kilograms of material L is required for every unit of product E99D that is produced. Janus Corporation has now received a request from a company that could use material L in its production process. Assuming that Janus Corporation could use all of its stock of material L to make product E99D or the company could sell all of its stock of the material at the current scrap price of $3.23 per kilogram, what is the minimum acceptable selling price of material L to the company that could use material L in its own production process?
What is the balance in the cash account?
Sketch a probability tree for this situation. What percentage of computers sold by the bookstore last semester required service? Given that a computer required service, what is the probability that it was a laptop?
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Grant paid $529,000 to acquire Bedford's assets and liabilities. If the book value of Bedford's buildings and equipment was $355,000 at the date of acquisition, what was their fair value?
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When Brett reported net income of $780,000, what was the non-controlling interest in the subsidiary's income
The standard costs for a manufacturing business are $12 per unit for direct materials, What will the production budget show in costs for that period
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Provide an example of a transaction that creates the described effects for the separate cases a through g.
The Scampini Supplies Company recently purchased a new delivery truck. The new truck cost $22,500, and it is expected to generate net after-tax operating cash flows, including depreciation, of $6,250 per year.
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