Reorder point (ROP) analysis reorders inventory when the item reaches a certain inventory level that was determined in advance based on the item's purchase rate

Indicate whether the statement is true or false


F

Business

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Which of the following statements is true of fixed and variable costs?

A) Both costs are constant when considered on a total basis. B) Variable costs are constant in total, and fixed costs are constant per unit. C) Both costs are constant when considered on a per unit basis. D) Fixed costs are constant in total, and variable costs are constant per unit.

Business

Compute the accounting rate of return on the investment. Show your calculations and round to two decimal places.

Solutions Tool Co. is considering investing in specialized equipment costing $975,000. The equipment has a useful life of five years and a residual value of $75,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below:



Business

The “be all, end all” of business computing are what type of systems?

a. enterprise resource planning (ERP) b. customer relationship management (CRM) c. project management d. supply chain management (SCM) e. computer-aided manufacturing (CAM)

Business

Excel® stores dates as:

a. numbers b. variables c. records d. text

Business