Which one of the following statements represents an advantage of a Q system over the P system?
A) A perpetual inventory system is not mandatory.
B) Orders for multiple items from the same supplier can be combined more easily.
C) Fixed replenishment intervals are possible, which can be, administratively, quite convenient.
D) The Q system is more suited for quantity discounts and physical limitations.
D
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Modest departures from the assumptions in analysis of variance do not seriously affect the validity of the analysis
Indicate whether the statement is true or false
A preference decision in capital budgeting:
A. involves using market research to determine customers' preferences. B. is concerned with whether a project clears the minimum required rate of return hurdle. C. comes before the screening decision. D. is concerned with determining which of several acceptable alternatives is best.
Memphis Co is going to purchase a machine for $83,200 that will increase cash flows by $40,000 in the first year, $30,000 the second year, and $25,000 the third year. The machine will have no residual value. The minimum rate of return is 10 percent. The present value factors for the three years are 0.909, 0.826, and 0.751, respectively. The machine's actual rate of return is
a. Unable to determine from the data given b. greater than 10 percent. c. less than 10 percent. d. 10 percent.
Use this information to answer the following question. Oct. 1 Inventory 200 units @ $12.00 6 Purchase 300 units @ $13.20 13 Purchase 100 units @ $14.40 20 Purchase 200 units @ $15.60 25 Purchase 40 units @ $16.80 Total sales 620 units A periodic inventory system is used. Using the average-cost method, the cost assigned to ending inventory is
A) $3,036. B) $3,168. C) $3,384. D) $8,556.