On a common size basis, which of the following assets is normally largest for an electric utility?
a. Accounts receivable
b. Inventory
c. Property, Plant and Equipment
d. Cash and Marketable Securities
C
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Comfort Shoes received a promissory note from a customer on April 1, 2014 . The face amount of the note is $2,000; the terms are 12 months and 8% annual interest. At the maturity date, the customer pays for the note and interest. Comfort Shoes made the proper adjustment at the end of December for interest. The effect of recognizing the transaction on the maturity date is
a. A decrease to Cash b. An increase to Notes Receivable c. An increase to Discount on Notes Receivable d. A decrease to Notes Receivable
The number of equivalent units of production may be larger than the number of completed units during the period
Indicate whether the statement is true or false
The property in which a security interest is taken is called collateral
Indicate whether the statement is true or false
Ace Hardware's economic order quantity (EOQ) is 100 widgets, its total demand is 20,000 units per period, its carrying cost per unit is 20% of inventory value, its purchase price $4, and its fixed costs per order is $20. Which of the following is the total inventory cost of Ace??
A. $1,250? B. ?$3,250 C. ?$1,750 D. ?$2,000 E. ?$4,040