Coggin Company Gathered the Following Data About the Three Products

question 76

Multiple Choice

Coggin Company gathered the following data about the three products that it produces: $\begin{array}{cccc}& \text { Estimated Sales } & & \\\text { Present } & \text { Value before } & \text { Additional } & \text { Estimated Sales } \\\text { Product } & \text { Processing } & \text { Processing Costs } & \text { if Processed Further } \\\hline\mathrm{A} & \$ 9,000 & \$ 6,000 & \$ 16,000 \\\mathrm{~B} & 15,000 & 5,000 & 18,000 \\\mathrm{C} & 11,000 & 8,000 & 16,000\end{array}$ Which of the products should be processed further?

• A)Product A
• B)Product B
• C)Product C
• D)all three products

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Definitions:

Ownership Rights

Legal rights to possess, use, and dispose of assets or properties.

Sell

The act of exchanging a product or service for money or other compensation.

Bailment

A legal relationship where physical possession of personal property is transferred from one party to another, with the understanding that the property will be returned.

Writing

The act or process of producing and recording words in a form that can be read and understood; typically involves the use of a pen, pencil, or keyboard.