Hodge IncHas Some Material That Originally Cost $74,600

question 85

Multiple Choice

Hodge Inc.has some material that originally cost $74,600.The material has a scrap value of $57,400 as is,but if reworked at a cost of $1,500,it could be sold for $54,400.What would be the financial advantage (disadvantage) of reworking and selling the material rather than selling it as is as scrap?

• A) ($79,100)
• B) ($21,700)
• C) ($4,500)
• D) $52,900

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Definitions:

Paramecium

A genus of unicellular ciliates, commonly studied as a representative of the ciliate group, known for their ability to move using tiny hair-like structures called cilia.

Alveolates

A group of protozoans, including dinoflagellates, apicomplexans, and ciliates, characterized by the presence of alveoli structures beneath their cell membranes.

Cellular Slime Mold

Amoeba-like protist that feeds as a single predatory cell; joins with others to form a multicellular spore-bearing structure under unfavorable conditions.

Amoebozoans

A group of amoeba-like organisms, which move and feed by means of pseudopodia and are classified within the domain Eukarya.