Specialty foods, inc. maintains a separate accounts receivable account for each customer. regarding this accounting treatment, which of the following statements is incorrect? a. the separate customer accounts receivable are called subsidiary accounts. b. the purpose of this accounting treatment is to account for payments received from the customer and the amounts still owed. c. the sum of all balances in the subsidiary accounts receivable equals a control account balance. d. when a customer makes a payment on account, a debit is posted to the accounts receivable subsidiary account as well as to the accounts receivable control account.

Alocal club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level?

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?