Cost-plus pricing requires adding up all the costs required to get the product to where it must go, plus shipping and ancillary charges, and a profit percentage
Indicate whether the statement is true or false
TRUE
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If a company carries safety stock and its annual carrying costs per unit are $0.30, what formula yields the total annual carrying costs?
a. $0.30 ? [(EOQ/2) + Safety stock)] b. $0.30 ? (EOQ + Safety stock) c. $0.30 ? [(EOQ ? 2) + Safety stock)] d. $0.30 ? (EOQ - Safety stock)
Which of the following is least consistent with sustainability practices in inventory management?
a. minimizing wasted movement b. less excess inventory c. reduced waiting time d. push system
There are two parties are involved in a draft: the drawer and the drawee
Indicate whether the statement is true or false
Ada signed a simple discount promissory note for $5,500. The discount rate is 12%, and the term of the note is 5 months. What are Ada's proceeds on the loan?
A) $4,623 B) $5,225 C) $5,015 D) $4,515