Inventory turnover is O a. Higher when product takes longer time to manufacture O b. Ratio of annual cost of goods sold to average inventory investment O c. Ratio of average inventory days on hand to average inventory investment O d. None of these e. Ratio of average annual investment to annual cost of goods sold

Q: The efficiency of an inventory system is often measuredby the turnover ratio. The turnover ratio…

A: The inventory turnover ratio measures a company's ability to manage its inventory efficiently and…

Q: Annual purchasing salaries are $65,000, operating expenses for the purchasingdepartment are $25,000,…

A: Given data: Annual purchasing salaries = $65000 Operating expenses = $25000 Inspecting and receiving…

Q: Answer the following items: 2. Recommend the appropriate type/s of warehouse/s that will help H&M…

A: Here, we would recommend the appropriate type of warehousing, so the company H&M could manage…

Q: Extra units in inventory to help reduce stockouts are called:a) reorder point. b) safety stock.c)…

A: Extra units in inventory to help reduce stockouts are called:

Q: A restaurant has annual sales of $420,000, an average inventory of $6000, and an annualcost of goods…

A: To calculate restaurant’s days-of-supply of inventory we need to follow these steps. a.) Need to…

Q: Most inventory models attempt to minimize Select one: O a. the safety stock O b. the number of…

A: Inventory control helps your business maintain the proper quantity of inventory whereas reducing…

Q: 5. Placing a new order whenever the inventory level drops to a specific re-order point is kn a.…

A: Reorder point system is the process or system through which an organisation tries to fullfil the…

Q: Inventory carrying costs differ from inventory holding costs when: A. The item is not moved from…

A: Companies can achieve lower production costs by reducing the carrying cost or holding cost, if…

Q: Calculate optimal annual order quantity Calculate annual total inventory cost      ^already have…

A: The answer is as below:

Q: In the verification of the amount of the inventory, oneof the auditor’s concerns is that slow-moving…

A: According to the accounting standards there is a distinction between one who takes the physical…

Q: How does the 3D printing affect inventory

A: 3D printing or additive manufacturing is a process of making three dimensional solid items from a…

Q: Given the following, find EOQ. Round your answer to the nearest whole number. Monthly Demand is 400…

A: The formula is: EOQ = square root of: [2(setup costs)(demand rate)] / holding costs.   Given,…

Q: An insurance company has custom envelopes printed for correspondence with its clients. It uses 780…

A:

Q: Inventory holding costs are the costs of storing products until they are purchased or shipped to…

A: Inventory- The raw materials used in production, as well as the products manufactured that are…

Q: Distinguish between permanent and periodic inventories. Is there ever a time when one system is…

A: A periodic evaluation process uses a physical measurement of all inventory balances for all products…

Q: Inventory turnover is O a. Higher when product takes longer time to manufacture O b. Ratio of…

A: Inventory Performance measures and system-wide approaches are used to calculate the accuracy of the…

Q: Visit a local business or research one online, observe its operations, then describe and explain the…

A: "Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Push versus Pull approach in inventory

A: Push approach: In Push system products are pushed through the channel, from the production side up…

Q: According to which inventory system inventory is continuously checked and a new order placed when…

A: The perpetual review system keeps a record of inventory balances constantly, with updates made…

Q: The annual demand for a product is 34000 units. The annual carrying cost per unit of product is 12…

A: Total annual carrying costs or total holding costs is the sum of carrying the total products in…

Q: A manufacturer of vases sells 5,700 units per year. On average, the manufacturer has 1,800 vases in…

A: Given-   No. of goods sold = 5,700 units Inventory = 1,800 vases  Days per year = 365 days

Q: A restaurant has annual sales of $420,000, an average inventory of $6000, and an annualcost of goods…

A: Inventory management is a process of storing, utilizing, and keeping a check on the inventory levels…

Q: Uncommitted inventory is called a. Free inventory b. Safety stock c. Obsolete inventory d.…

A: Inventory is the products or material that an organization produce to achieve the desired goal.

Q: Extra inventory carried to serve as insurance against fluctuations in demand is called:   Select…

A: Inventory is the stock, items, and raw material that the company stores in the warehouse to use in…

Q: To reduce inventory management costs, many companies use a system called ___which involves carrying…

A: ANSWER: OPTION (D) IS THE CORRECT ANSWER.

Q: Which one of the following represent FIFO method of inventory evaluation? a. Old merchandise is sold…

A: First-in first-out (FIFO) is an inventory management method in which the products that are generated…

Q: Explain what are the advantages of vendor managed inventory

A: A benefit of VMI would be that the Vender is responsible for ensuring that the client receives the…

Q: A company that markets hypodermic needles to hospitals. The company purchases the needles from a…

A: Demand is the total quantity of commodities for which the consumers are willing to purchase at…

Q: What are some of the ways that inventory turnover will reveal valuable information about a company's…

A: Inventory turnover is important since an organization's stock always holds a large amount of cash.…

Q: Return on inventory is the return on every inventory item purchased in a business.

A: The return on any inventory item purchased in a company is known as the return on inventory.

Q: cost is considered as ordering cost. O a. Average inventory cost O b. Salary paid to store manager O…

A: Ordering cost : The costs which are incurred to process an order, place or receive a shipment of new…

Q: A firm has P5,000,000 of inventory on average and annual sales of P30,000,000. Assume there are 365…

A: Inventory is the raw materials and resources that help the business to manufacture the finished…

Q: Inventory records provide a wide range of information on the items exist,which do not, and which…

A: Here, Question has asked about the Inventory records that provide a wide range of information on the…

Q: Based on the average demand sales data provided. What is the inventory carrying cost, i.e., cost per…

A: Inventory carrying cost is the sum total of capital cost, storage costs, insurance and taxes, and…

Q: Thomas Kratzer is the purchasing manager forthe headquarters of a large insurance company chain…

A: #Note: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: In ABC analysis, 50 to 60 percent of the number of items in inventory but only about 10 to 15…

A: The A-B-C approach classifies inventory items according to some measure of importance,usually annual…

Q: York Motor service station is now selling bottles of high-quality windshield washer fluid motorists…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: What trade-offs are involved in each of these aspects of inventory management?a. Buying additional…

A: Trade-offs play an important role in the inventory management of an organization. It is always…

Q: Inventory order is placed when O a. Only when projected or actual stocks on hand is below zero O b.…

A: Inventory management is one of the main operations of warehousing and operations management.

Q: Which of the following hold the most for a Periodic review inventory system? O a. Uses two bin…

A: A cost is the value of money that is used to produce something or provide a service, and is not…

Q: For a company that manufactures or sells physical goods, inventory includes everything that goes…

A: Work in progress is described as a supply chain management and product management term that…

Q: Inventory carrying costs differ from inventory holding costs when: * The owner of the inventory…

A: Companies can achieve lower production costs by reducing the carrying cost or holding cost, if…

Q: The inventory turnover is calculated using the annual cost of goods sold and the aggregate inventory…

A: Inventory turnover indicating the number of time the inventory order or sold in a year. We can…

Q: A company uses on an average 216 parts a day with a standard deviation of 16 parts per day in a…

A: Note:  Since you have multiple parts in the same questions, we will be answering the first three…

Q: Staples buys printer cartridges for $20. The demand for the cartridges is 300 per month. Staples…

A: Given Information: Annual Demand = 300 cartridges per month The purchase cost of a printer = $ 20…

Q: The EOQ is optimal because it     a. minimizes the total inventory cost.     b. minimizes the…

A: The EOQ is optimal because it

Introduction to Business Presentation

A professional presentation of a company's products or practices is known as a business presentation. It is usually done with the help of auditory and graphical presentation tools like analytical data, projections, interactive whiteboards, smartboards, and much more. Intra-organizational and sales presentations are the most common types of business presentations. In general, providers give sales presentations in front of prospective consumers to promote their services, while intra-organizational presentations are given by company officials to their colleagues to propose new procedures or regulations.