Short-term debts are not transferable to other investors.
Answer the following statement true (T) or false (F)
False
Short-term debt is expected to be collected in less than a year, but it can be sold to other investors at any time.
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An accounts receivable ledger is a separate ledger containing an individual account receivable for only customers who have open balances
Indicate whether the statement is true or false
Nick and Rodrigo form NRC Partnership by combining the assets of their respective businesses. Nick contributes $10,000 cash and assets worth $90,000 (adjusted basis of $60,000) for a 1/3 interest. Rodrigo contributes $90,000 cash and assets worth $270,000 (adjusted basis of $150,000) for a 2/3 interest. NRC also assumes $60,000 of debt on Rodrigo's assets. What is Rodrigo's basis in his partnership interest?
A. $180,000 B. $220,000 C. $240,000 D. $300,000 E. $360,000
Waste is anything that does not add value from the consumer's perspective
Indicate whether the statement is true or false
What is the reorder point for Kushie's if they reorder a quantity twice as high as their EOQ?
Kushie's Coffee in Bangalore is a quaint establishment nestled near MG Road in the central business district. It serves coffee and fruit cake to a clientele that has been enjoying these products for over fifty years. The demand for coffee beans is 6600 cases per year (each case has 24 ten-pound bags). It would be disastrous for them to run out of coffee, so they keep a safety stock of 30 cases. The cases cost $4800 and it costs $5 per case to order coffee. As coffee is a perishable product, the holding cost is fairly high at $40/case/year. The lead time to receive an order is seven days. Kushie's is open 300 days a year.