CH 8 Study Guide

21- Which one of the following represent FIFO method of inventory evaluation? a. Old items remain in inventory b. Old merchandise is sold first c. New merchandise is sold first d. Average number of goods are sold

Prior to accepting a customer’s order, a company should verify the amount of inventory on hand. Which of the following is not a reason to do this? Determine whether inventory records are accurate. Ensure accuracy of inventory records by reducing the amount by items order. Identify which products should be ordered from suppliers. Communicate to the customer when shipment will be sent.

Please do not give solution in image format thanku the drop down options are B-A-C For all

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"Merchandise, raw materials and in-process or finished goods" is the Building and Personal Property Coverage Form's (BPP) definition for which one of the following?     Stock     Inventory     Contents     Business personal property

What type of warehouse storage system (e.g., static, mobile, mezzanine flooring, wire partitions) you will use for the following product categories- i) Wooden Furniture ii) Chemical container.Describe why?

Knowing how to use the ABC analysis, make up a list of 10 items in a stores inventory, then decide which 10 items sold at the store would constitute 80% of the revenue and create a Word document using the ABC analysis.

COMPANY CIMB BANK WRITE Sales Call Objective OF CIMB BANK: (must require customer action such as making a purchase, supplying critical information. Etc.)

is used by traders to record the yearly profits & losses of the business. * General book Correspondence Inventory book Daybook

X1= 29000 X2=5 I need a step by step answer please :)

Hazardous Household Product Inventory Complete the information in the dummy table provided below. List at least 10 products. Make sure to specify all the data entries in the column headings. Product Directions for use Storage Location in Home 1.     2.     3.     4.     5.     6.     7.     8.     9.     10.

Match each inventory term to its best description.   Non-Inventory Product               A. Helps determine a product’s purchase price. Inventory Valuation                 B. May be needed for broken or spoiled products. Inventory Item            C. An item specially ordered for a customer. Inventory Adjustment          D. A product stocked, tracked, and sold to customers.

ABC analysis divides on-hand inventory into threeclasses, based on:a) unit price.b) the number of units on hand.c) annual demand.d) annual dollar values.

Armand is emailing a customer to let them know an item they wanted is back in stock. What potential follow-up question would be most important for Armand to anticipate and answer in the email? "How do I place an order?" "Why was it backordered for so long?" "What is the return policy?" "What are the care instructions?" Previous Next

Which of the following is not a category of inventory? O A. Raw Materials B. Work-In-Process (WIP) C. Maintenance, Repair, and Operating Supplies (MRO). OD. All of the above are categories of inventory

A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.  a. Determine the economic order quantity. (Round your final answer to the nearest whole number.)  Economic order quantity             bags  b. What is the average number of bags on hand? (Round your final answer to the nearest whole number.)  Average number of bags              c. How many orders per year will there be? (Round your final answer to the nearest whole number.)  Number of orders per year              d. Compute the total cost of ordering and carrying flour. (Round your final answer to the nearest whole number. Omit the "$" sign in your response.)  Total cost           $   e. If annual holding costs were to increase by $9 per bag, how much would that affect the minimum total annual cost? (Round your intermediate calculations to 2 decimal places and final…

Which one of the following represent FIFO method of inventory evaluation? a. Old merchandise is sold first b. Average number of goods are sold c. Old items remain in inventory d. New merchandise is sold first

Which of the following is the cost of placing an order and receiving goods a) Restoking costs b) Ordering costs c) Carrying costs d) Shortage costs

X1= 29000 X2= 5 I need a clear step by step answer please :)

33- Which one of the following is a reason for a stock out situation for a retailer? a. Consumer demand remains unchanged b. Price of the product increases c. More lead time taken by the supplier d. There is buffer stock with the retailer

Classify each of the following items as revenues (R), expenses (EX), or withdrawals (W). Consulting revenue

Please advise with Homework Chapter 20 Problem 1.  Thank you. Please provide step by step explantion so I can use it for notes

A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It costs ​$20 to store one box of bandages for one year and $320 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup​ costs?       Question content area bottom Part 1 The company should produce boxes of bandages enter your response here ​time(s) a year.

27-When the supplier provides only what is needed when it is needed this known as O a.Vendor managed inventory b.Customer intention development c.Independent need fulfillment . D.Vast supply chain process

The missing produce is____?

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How should food and supplies be stores in a dry-storage area

What would be the relationship (either one-to-one, one-to-many or many-to-many) between: Customer and Sales Order and Sales  Order and Inventory  Inventory and Sales  Please explain this in detail so I can understand thanks!

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39) Why is cost information stored in several relational tables? 40) Identify the business activity below that cannot be modeled using an REA diagram. A) purchase requisitions B) rental transactions C) intangible assets D) All of the above can be modeled by an REA diagram. 41) In which entity would an item's standard cost information most likely be maintained? A) Inventory entity B) Order_Inventory entity C) Inventory-Order_Inventory entity D) none of the above 42) In which entity would an item's actual cost information most likely be maintained? A) Inventory entity B) Order_Inventory entity C) Inventory-Order_Inventory entity D) none of the above 43) Identify the inventory valuation method below that cannot be calculated in a database created using an REA modeling approach. A) LIFO B) FIFO C) Weighted Average D) none of the above 44) If the actual cost of an inventory item is maintained as an attribute in the Inventory table,…

1.Solve the problem and create line graph. Please refer to the picture for the problem and formula: • Find 3-month moving average for the next (each) month (above table)   • Find 5-month moving average for the next (each) month (above table)

Gringer’s Plastics provides plastic parts to the shipbuilding industry. They gathered the following information on their inventory. Based on this data, what products would be considered A class inventory?   Product   Unit Cost   Volume   1   $ 12.50   11,200   2   $ 325.00   160   3   $ 9.75   23,786   4   $ 8.50   29,590   5   $ 175.60   80   6   $ 1,125.99   26   7   $ 756.25   41   8   $ 24.99   5,230   9   $ 109.25   98   10   $ 33.00   7,865   11   $ 6.75   3,489   12   $ 550.80   26   Group of answer choices   A. 1, 3, 4, 10   B. 2, 3, 4, 8   C. 1, 2, 4, 7   D. 2, 4, 7

26 Which of the following statements is true with regard to cycle stock?   a It is also called surplus stock.   b It is received from a downstream supply chain partner.   c It is seasonal in nature   d It is also referred to as base stock.   27 Inventories that are in transit in containers or trucks ______.   a are known as pipeline inventories   b are known as in-house inventories   c are relatively small in global supply chain (as compared to domestic supply chains)   d are known as en route inventories