The Lantern Corporation Has 1,000 Obsolete Lanterns That Are Carried

question 53

Multiple Choice

The Lantern Corporation has 1,000 obsolete lanterns that are carried in inventory at a manufacturing cost of $20,000.If the lanterns are remachined for $5,000,they could be sold for $9,000.Alternatively,the lanterns could be sold for scrap for $1,000.Which alternative is more desirable and what are the total relevant costs for that alternative?

• A) Remachine and $5,000.
• B) Remachine and $25,000.
• C) Scrap and $1,000.
• D) Scrap and $21,000.

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Definitions:

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Intense, irrational fears of specific objects or situations, such as heights, spiders, or flying, that lead to avoidance behavior.

Latin Name

A formal system of naming species of living things by giving each a name composed of two parts, both of which use Latin grammatical forms.

Clinical Interview

A method used in psychology to gather information about a person's psychological state through a structured or semi-structured conversation.

Symptom

A sign or indication of a condition, illness, or disease.