If the daily demand is 67 and the lead time in days is 2, what is the reorder point?
A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.
Answer: 134
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The value to consumers that comes from having the offering available when they need it constitutes ________ utility.
A. time B. market C. possession D. form E. place
Answer the following statements true (T) or false (F)
1. Because of the risk of fraud, electronic invoices and electronic receiving reports are seldom used in accounting information systems. 2. In an accounting information system, outputs are the reports used for decision making, which include the financial statements. 3. In a manual accounting information system, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint. 4. The main computer where data are stored, which can be accessed from many different computers, is known as software. 5. A computerized system uses software to process transactions. Thus employees are no longer required to manually journalize and post transactions to the accounts.
If repossessed collateral is sold or otherwise disposed of by the creditor, then the time, place, manner, and method of disposal must be A)commercially reasonable
B)scheduled with the debtor so that the debtor is able to attend. C)court ordered. D)perfected.
Job-safety legislation expanded to include occupational health and worry over long-term safety of exposure to dusts and gases in the workplace in the:
a. 1920s b. 1930s c. 1940s d. 1950s e. 1960s