Thorough, Inc., builds computerized vacuum cleaners that utilize GPS and artificial intelligence to learn furniture locations, stair locations, and other things that will hamper their operation. The chief financial officer for the company recently met with the accounting staff to discuss current assets, current liabilities, and the current ratio as a part of setting quantifiable goals for future expenditures. Which financial management activity was the chief financial officer and accounting staff engaged in

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?