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3 years ago

Which of following is a TRUE statement about inventory within a continuous review system?

Business

1 answer:

garri49 [273]3 years ago

5 0

Answer:

c. When ordering or setup costs increase, Economic Order Quantity increases

Explanation:

In inventory there are two types of review systems used to replenish stock, the periodic inventory and continuous inventory.

Continuous inventory involves ordering the same quantity of a good in each order. However the rate at which goods are replenished varies based on monitoring of level of goods. Orders are made when inventory gets to a certain level.

In this instance when there is an increase in ordering or setup there needs to be allocation of a higher amount for orders. The additional cost is added to the economic order quantity

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What does it mean to say that a currency appreciates? depreciates? becomes stronger? becomes weaker?

erik [133]

When a currency appreciates, it means it increased in value relative to another currency; Depreciates means depreciation or depreciation relative to other currencies. It is often said that the dollar is strong when it is bought by equal or greater value in another currency. If the purchase amount is less than the equivalent, it is weak.

An example of a currency would be the US banknotes you have on hand. It is one of the coins issued by the United States, along with pennies, nickels and quarters. Currencies are also banknotes and coins issued by governments of other countries around the world.

Currency is anything of general value as a medium of exchange that can be exchanged for goods and services. The trading system within an economy is based on a currency, usually country-specific and issued by that country's government.

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6 0

1 year ago

Opportunity costs at a manufacturing company are not part of manufacturing overhead. True or false?.

Bess [88]

It is true that Opportunity costs at a manufacturing company are not part of manufacturing overhead.

<h3>What is Opportunity costs ?</h3>

Opportunity costs can be described as the term that represent the potential benefits which individual, investor, misses out in the process of choosing one alternative over another.

Because opportunity costs are unseen can be easily overlooked, therefore, in this case, It is true that Opportunity costs at a manufacturing company are not part of manufacturing overhead.

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6 0

1 year ago

A promissory note:

Travka [436]

Answer:

d. is a written promise to pay a specified amount of money at a certain date.

Explanation:

A promissory note, also known as note payable, is a financial instrument used when you borrow or loan money, it establishes the terms and details of the agreement (amounts, interests, late fee, <em>maturity date,</em> etc.). <em>It consists of a written promise where the issuer promises to fulfill the terms and to pay to the payee on the determined date.</em>

I hope you find this information useufl and interesting! Good luck!

8 0

3 years ago

Is a company bonus earned income?

katrin2010 [14]

<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>

7 0

3 years ago

provides the following data: 20X920X8 Cash$41,000 $25,000 Accounts Receivable, Net102,000 62,000 Merchandise Inventory72,000 50,

Lelechka [254]

Answer:

63.09%

Explanation:

Note <em>Missing question is attached as picture below</em>

Average total assets = (Opening total assets+Closing total assets)/2

Average total assets = ($396,000 + $257,000) / 2

Average total assets = $653,000 / 2

Average total assets = $326,500

Return on total assets = (Net income + Interest expense)/Average total assets

Return on total assets = ($181,000 + $25,000) / $326,500

Return on total assets = $206,000 / $326,500

Return on total assets = 0.6309342

Return on total assets = 63.09%

8 0

2 years ago