Wentworth Company's expected daily usage of Aluminum rods is 500 rods, the anticipated lead time is ten days, and the desired safety stock is 2,000 rods. Calculate the order point for the company
a. 5,000 rods
b. 3,500 rods
c. 7,000 rods
d. 2,000 rods
c
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There is no difference in the investing and financing sections of the statement of cash flows using the indirect anddirect method
a. True b. False Indicate whether the statement is true or false
The following information is available for Orange Company: Cost of goods sold for 2014 ........................... $1,200,000 Inventories at December 31 . 2013 ...................... 350,000 Inventories at December 31 . 2014 ...................... 310,000 Assuming that a business year consists of 360 days, the number of days' sales in average inventories for 2014 was
a. 49.5. b. 93. c. 99. d. 105.
What method starts with the components of income, the individual revenues and expenses, but not gains and losses, then adds or subtracts the same balance sheet changes involving the same operating accounts? Take an income statement line, then list next to it, horizontally, additions and subtractions
a. direct method for calculating the cash flows from investing. b. indirect method for calculating the cash flows from investing. c. indirect method for calculating the cash flows from financing. d. direct method for calculating the cash flows from operations. e. indirect method for calculating the cash flows from operations.
In an FOB place of shipment contract, the seller's obligation ends when he delivers the goods to a carrier for shipment
Indicate whether the statement is true or false