ch of the following would NOT be considered an inventoriable productcost in an a
ID: 2580854 • Letter: C
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 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 ________.
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
3.59
assuming a long term debtExplanation / Answer
Current Assets = 29000+114000+113000+6000 = 262000
Current Liability = 73000
Current Ratio = 262000/73000 = 3.59
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