The Inventory of a Scrap Pile Is as Follows

question 9

Short Answer

The inventory of a scrap pile is as follows:
Channel iron, 87"
Plate steel, 147"
Key stock, 45"
Pipe, 69"
Flat iron strap, 208"
A pipe support is welded using the following materials from the scrap pile:
Channel iron, 61"
Plate steel, 106"
Key stock, 39"
Pipe, 22"
Flat iron strap, 189"
-How much channel iron remains in the scrap pile, in inches?

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Definitions:

Marginal Tax Rate

The tax rate incurred on an additional dollar of income, reflecting the rate applicable to the highest portion of an individual's or corporation's income.

Capital Structure

The mix of different forms of external financing a firm uses, such as debt, equity, and other securities, to fund its operations and growth.

Debt-to-assets Ratio

A solvency ratio that indicates the percentage of a company's assets financed by debt.

Cost of Equity

The return that a company must earn on the equity-financed portion of its investments to compensate its shareholders for assuming the risk of the investment.