Question
ch of the following would NOT be considered an inventoriable productcost in an automated manufacturing environment? rent paid on the production facilities wages paid to
ch of the following would NOT be considered an inventoriable productcost in an automated manufacturing environment?
rent paid on the production facilities
wages paid to the factory machine operators
depreciation on the equipment in the factory
delivery charges paid for finished goods shipped to customers
2)An inflow of cash from an investing activity would be ________.
| assuming a long term debt |
| selling a piece of equipment |
| issuing common stock |
| receiving cash for sales to customers on account 3)Which of the following statements does NOT accurately describe the information provided by the statement of cash flows?
|
4)What is the current ratio for Company A calculated using the following Balance Sheet?
| Company A |
| Balance Sheet |
| December 31, 2010 |
|
|
|
| Assets |
|
| Cash | $29,000 |
| Accounts receivable (net) | 114,000 |
| Inventory | 113,000 |
| Prepaid expenses | 6,000 |
| Long-term investments | 18,000 | ||||||||
| Net property, plant, and equipment | 507,000 | ||||||||
| Total assets | $787,000 | ||||||||
|
|
| ||||||||
| Liabilities and equity |
| ||||||||
| Accounts payable | $73,000 | ||||||||
| Note payable | 358,000 | ||||||||
| Common stock | 186,000 | ||||||||
| Retained earnings | 170,000 | ||||||||
|
| Total liabilities and equity $787,000
|
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