Sanjay mehta
New member
- Joined
- Jan 23, 2021
- Messages
- 1
I have a question for all.
A manufacturing enterprise makes steel pipes from HRC coil.
The HRC coil prices are $600/t.
The finished pipes are sold on theoretical basis whereby a ton of finished pipes weigh 0.95ton and are sold at $700/t.
The CFO of the company says that our gain is 50kg of HRC i.e 0.05x$600=$30 whereas the CEO of the company says the gain is $700x0.05=$35. Who is correct CEO or CFO?
A manufacturing enterprise makes steel pipes from HRC coil.
The HRC coil prices are $600/t.
The finished pipes are sold on theoretical basis whereby a ton of finished pipes weigh 0.95ton and are sold at $700/t.
The CFO of the company says that our gain is 50kg of HRC i.e 0.05x$600=$30 whereas the CEO of the company says the gain is $700x0.05=$35. Who is correct CEO or CFO?