Northeastern cities are important trade centers. which of the following statements does not correctly describe the economic role of a northeastern city?

a)philadelphia is an important industrial center containing factories producing a variety of goods.
b)new york city is considered the financial capital of the united states.
c)boston is a leading center for academic research as well as medical schools and hospitals.
d)providence is a major producer of wheat and other grains.

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.