Pete Panda has just discontinued its poorest-selling line of high-quality upholstery. In its inventory, Pete has 6000

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Pete Panda has just discontinued its poorest-selling line of high-quality upholstery. In its inventory, Pete has 6000 metres of material that cost $10 per metre. At the current selling price of $20, it may take as long as eight years to sell the material. A foreign buyer has just offered the business $70 000 for all the material.
Required:
Is the $10 per metre relevant in deciding whether or not to accept the offer? List the costs and revenues that you think would be relevant.
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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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