Which of the following would not be included in inventory costs?
a. Shelving to hold the inventory.
b. The cost of insurance taken out during the time that inventory is in transit.
c. The cost of storing inventory before it is ready to be sold.
d. Freight costs incurred by the buyer in shipping inventory to its place of business.
a
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Calculate the following financial ratios for the Hokie Corporation using the information given in Table 4 and 2014 information
Table 4 Hokie Corporation Comparative Balance Sheet For the Years Ending March 31, 2013 and 2014 (Millions of Dollars) Assets 2013 2014 Current assets: Cash $2 $10 Accounts receivable 16 10 Inventory 22 26 Total current assets $40 $46 Gross fixed assets: $120 $124 Less accumulated depreciation 60 64 Net fixed assets 60 60 Total assets $100 $106 Liabilities and Owners' Equity Current liabilities: Accounts payable $16 $18 Notes payable 10 10 Total current liabilities $26 $28 Long-term debt 20 18 Owners' equity: Common stock 40 40 Retained earnings 14 20 Total liabilities and owners' equity $100 $106 Hokie had net income of $26 million for 1996 and paid total cash dividends of $20 million to their common stockholders. current ratio acid test ratio debt ratio long-term debt to total capitalization return on total assets return on common equity
The Tukey-Kramer method for multiple comparisons can only be used when the analysis of variance design is balanced
Indicate whether the statement is true or false