Avey Corporation has a joint process which produces three products, M, L and B. Each product may be sold at split-off or processed further and then sold. Joint processing costs for a year amount to $500,000. Other relevant data are as follows:
-To maximize profits, which products should Avey process further?
Definitions:
Rate of Return
The rate of return is the gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
Current Stock Price
The price at which a stock is trading on the public market at any given time.
Market Rate of Return
The average annual return generated from a market or a specific investment over a specific period, often considered a benchmark.
Annual Dividend
The total payment a company makes to its shareholders out of its profits over the course of a year.
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