The Following Data on Alpha Products, Inc What Was the Percent Increase or Decrease in Net Property

question 122

Multiple Choice

The following data on Alpha Products, Inc. is available.
Alpha Products, Inc
Comparative Balance Sheet
December 31, 2013 and December 31, 2014
$\begin{array}{|l|r|r|}\hline&2014&2013\\\hline \text { Assets: } & & \\\hline \text { Cash } & \$ 45,100 & \$ 48,500 \\\hline \text { Accounts receivable, net } & 59,800 & 101,500 \\\hline \text { Merchandise inventory } & 150,900 & 171,600 \\\hline \text { Property, plant and equipment, net } & 710,500 & 808,800 \\\hline \text { Total assets } & \$ 966,300 & \$ 1,130,400 \\\hline\\\hline \text { Liabilities and stockholders' equity } & & \\\hline \text { Accounts payable } & \$ 108,200 & \$ 151,600 \\\hline \text { Notes payable (current) } & 70,000 & 70,00 \\\hline \text { Bonds payable } & 154,000 & 280,000 \\\hline \text { Common stock, } \$ 10 \text { par } & 420,000 & 420,000 \\\hline \text { Retained earnings } & 214,100 & 208,800 \\\hline \text { Total liabilities and stockholders' equity } & \$ 966,300 & \$ 1,130,400\\\hline\end{array}$
What was the percent increase or decrease in net property, plant and equipment from 2013 to 2014?

• A) 12.2% decrease
• B) 12.2% increase
• C) 13.8% increase
• D) 13.8% decrease

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Definitions:

Maximum Revenue

The highest amount of money that can be generated from sales of goods or services, often achieved by optimizing prices and sales volumes.

Higher Price Buyers

Individuals or entities willing to pay more than the standard market price for goods or services, often due to perceived value, urgency, or quality.

Lower Price Buyers

Consumers who prioritize purchasing goods or services at the lowest possible price, often sacrificing quality or brand recognition in the process.

Capacity

The maximum amount of something that a facility, system, or process can contain or produce within a given time.