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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?

Respuesta :

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Answer:

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