Answer the following statements true (T) or false (F)
1) A high rate of inventory turnover indicates difficulty in selling inventory.
2) Inventory turnover measures the number of times a company sells its average level of merchandise inventory during a period.
3) Companies try to manage their inventory levels such that they will have just enough inventory to meet customer demand without investing large amounts of money in inventory or having it sit on the shelves gathering dust.
4) Inventory turnover is computed by dividing average merchandise inventory by cost of goods sold.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
You might also like to view...
The violation of a statute that proximately causes an injury is termed as negligence per se
Indicate whether the statement is true or false
Briefly define patent, copyright, and trademark, and explain how long they last
Grandfather conveyed to Erin the right to the family farm after her grandmother dies. This is called:
a. a possibility of a reverter. b. a reversionary interest. c. a vested remainder. d. a contingent remainder.
When using an ANOVA to compare between groups…
a. you use variance between the groups to determine how much the means differ b. you use mean differences between all groups to determine how much the means differ c. you use mean difference between 2 groups at a time in all combinations to determine how much means differ d. none of the above