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Tems11 [23]
2 years ago
7

When there is probabilistic demand in a multiperiod model, the inventory level will not decrease smoothly and can fall below.

Business
1 answer:
jok3333 [9.3K]2 years ago
4 0

Answer:

b. True

Explanation:

The probablistic inventory model include demand and supply variation, it is based on the assumption that the average demand for inventory is constant over period of time. Two method are used based on frequency of order for procuring stocks:

  • Single period inventory system.
  • Multi period inventory system.

Single period inventory system are applicable for single used product or perishable goods. Here cost are analysed to avoid loss of ordering extra unit of inventory.

Multi period inventory system are applicable for orders or items which can be ordered multi time during production cycle.

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Use the following selected date and additional information from the records of Hitchcock Corporation to answer the question that
yawa3891 [41]

Answer:

$35,000

Explanation:

Requirement:  Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method

Cash from Operating Activities

Particulars                                                   Amount$

Net income                                                     6000

Add: Depreciation expense                         <u>50000</u>

Operating Cash Flow before                        56000

Change in Working Capital

Add:

Decrease in inventory                      3000

Increase in incomes taxes payable   7000    <u>10000</u>

Less:

Increase in accounts receivable    10000

Increase in prepaid Rent                  8000  

Decrease in accounts payable        7000

Decrease in salaries payable          6000   <u>-31000</u>

Cash from Operating Activities                  <u>$35000</u>

5 0
3 years ago
Which of the following statements is true? a. The word theory means same for both economists and laymen. b. Abstraction forms an
VladimirAG [237]

Answer:

B) Abstraction forms an important part of economic analysis.

Explanation:

Economic abstraction refers to ignoring certain factors while doing economic analysis. Some minor or even important economic details must be assumed when trying to analyze certain situations. That is why economists love to use ceteris paribus (everything else constant). Macroeconomic theory is impossible to prove in a scientific way, only certain microeconomic theories can be tested scientifically. In order to perform macroeconomic analysis, economists must simplify the real world, since economy is too complex and has too many factors that can alter any possible analysis. It is impossible to analyze a nation's economy as a whole since millions of people and businesses make billions of economic decisions very day.

3 0
3 years ago
In a 100-percent reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount
MariettaO [177]

Answer:

a M1 would not change.

Explanation:

the checkable deposits are part of M1 as well as the currency and coins. Therefore, a component of M1 decrease (currency) while another of M1 (checkable deposits) increase.

As the banking system works with a 100-percent required reserve there is no multiplier effect from the deposit therefore M1 do not change.

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3 years ago
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Leni [432]

Answer:

Haha no

Explanation:

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2 years ago
What do you do when a customer doesnt know how to put together an item they bought
BaLLatris [955]

Answer:

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