Answer the following statement(s) true (T) or false (F)
1. A constant replenishment system is a type of inventory control system.
2. Products such as tires are likely to have independent demand.
3. The annual stocking model is a model used to determine the best order size.
4. The EPQ model is an extension of the EOQ model.
5. There are no quantity discounts in the EPQ model.
1. False
2. False
3. False
4. True
5. True
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Colfax Corporation had a Retained Earnings balance on January 1, 2009, of $720,000; declared cash dividends during 2009 in the amount of $112,000, of which $30,000 were not paid until 2010; and reported an ending balance of Retained Earnings of $1,020,000 . Based on these facts alone, net income for 2009 for Colfax Corporation must have been
a. $152,000. b. $312,000. c. $382,000. d. $412,000.
A statistical method for identifying cost behavior is the:
A. Composite method. B. Least-squares regression method. C. Scatter diagram method. D. High-low method. E. CVP charting method.
Driving with brakes in need of replacement is not a breach of duty
Indicate whether the statement is true or false
A class that can have direct instances is called an abstract class
Indicate whether the statement is true or false