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
Tax helps in stablising the price of product ; because tax is added to the price of product as value added that's why increase in tax system also increases in price of product; also businessmen needs to pay tax from their profit.
The strategy that Algonquin is working on is PUSH STRATEGY.
Push strategy is a promotional marketing strategy that involves taking a product directly to the consumers by making use of various means of advertising the product to take the product to the costumers.
Answer:
Explanation:
The first statement is Incorrect that Companies using LIFO will report the smallest cost of goods sold. Rest all the three statements that have been provided are correct.
Statement A - Incorrect
Statement B – Correct
Statement C – Correct
Statement D – correct the goods sold. companies using FIFO will report the smallest cost of goods sold.
