The use of a tagging system for inventory taking is designed to prevent double counting of goods.
Answer the following statement true (T) or false (F)
True
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The EMV of a decision with three states of nature is $33,000
If the profit/value under the states of nature A, B, and C is $10,000, $20,000, and $50,000, respectively, and states B and C have equal probabilities, determine the likelihood of state of nature A.
Leslie and Jorge work in the Kohl's warehouse. In the warehouse goods are received, identified, sorted, dispatched for storage, held, recalled, picked and assembled, and dispatched for shipment. Jorge works in the section of the warehouse where goods are protected in storage until they are needed. Leslie is tasked with packaging goods and directing them to the proper transport vehicle after she has prepared the proper documents. What warehouse activity does Leslie perform?
A. Identifying goods B. Receiving goods C. Dispatching shipments D. Recalling, picking, and assembling goods
Tim's Treads ended the month with 1,230 tires. There were 430 Firestones at a price of $77.80 each and 800 Goodyear at a price of $81.00 each. Compute the amount of inventory at month end