Answer the following statement(s) true (T) or false (F)
1. If the order quantity in each order is large, then fewer orders will be placed, which will result in lower annual ordering costs.
2. If the order quantity per order is 2,000 units, annual demand is 10,000, and cost per order is $50, then the total annual ordering cost is $2,500.
3. If the order quantity per order is 2,000 units, annual demand is 10,000, and cost per order is $50, then the total annual ordering cost is $250.
4. If the order quantity per order is 2,000 units, annual demand is 10,000, and cost per order is $50, then the average inventory is 1,000 units.
1. True
2. False
3. True
4. True
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The financial statements of an organization reflect a set of management assertions about the financial health of the business. All of the following describe types of assertions except
a. that all of the assets and equities on the balance sheet exist b. that all employees are properly trained to carry out their assigned duties c. that all transactions on the income statement actually occurred d. that all allocated amounts such as depreciation are calculated on a systematic and rational basis
Redefining work can be seen in many ways; which of the following relates to working at a distance?
a. Increased self-employment b. Choosing flexible work/alternative work arrangements c. Obsolete fixed job descriptions d. Virtual/global work
Most state trial court decisions are not published.
Answer the following statement true (T) or false (F)
Private mortgage insurance
A) is typically required when the down payment is less than 20 percent. B) is required on all home mortgages. C) is desireable low cost insurance against defective title. D) can not be cancelled during the entire term of the mortgage.