Rumper company has 2000 obsolete ratchers in its inventory, Ask an Expert

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Rumper Company has 2,000 obsolete ratchers in its inventory which have a cost of $22 each. If the ratchers are reworked they could be sold for $37 each. If sold as-is, the revenue would be only $10 each. If Rumper Company decides to rework the ratchers, how much should the company be willing to invest to ensure that no additional loss occurs on the sale of the ratchers?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M977608

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