Decide Whether Each of These Statements Is True (T) or False

question 5

Multiple Choice

Decide whether each of these statements is True (T) or False
An a.c. circuit has a pure resistor in parallel with a pure inductor.
(i) The current through the inductor lags behind the supply voltage by 90º.
(ii) The current through the resistor is in phase with the supply voltage.

• A) (i) T (ii) T
• B) (i) T (ii) F
• C) (i) F (ii) T
• D) (i) F (ii) F

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Definitions:

Cost-to-retail Ratio

A method used to estimate the value of ending inventory based on the ratio of the cost of goods available for sale to the retail price of those goods.

Ending Inventory

The worth of products ready for sale at the close of an accounting cycle, determined by adding the initial inventory and purchases, then subtracting the cost of goods sold.

Retail Inventory Method

An accounting method used to estimate inventory value by calculating the cost to retail price ratio.

Cost To Retail Ratio

A method used in retail to calculate inventory value by comparing the cost of goods to their retail price.