Question 56
Product-quality-related costs are part of a total quality control program. A product-quality related cost incurred in detecting individual products that do not conform to specifications is an example of a n)
Question 57
Which of the following is an example of an application system control?
Question 58
Assume that the average collection period is 25 days. After the credit policy is well established, what is the expected average accounts receivable balance for the entity at any moment in time, assuming a 365-day year?
Question 59
A company stocks, maintains, and distributes inventory.
The company decides to add to the safety stock and expedite delivery for several product lines on a trial basis.
For the selected product lines the company will experience:
The company decides to add to the safety stock and expedite delivery for several product lines on a trial basis.
For the selected product lines the company will experience:
Question 60
The economic order quantity is the size of the order that minimizes total inventory costs which include ordering and holding carrying) costs. It can be calculated using the formula
If Q = order size in units, D = annual demand in units, p = cost per purchase order, s = carrying cost per year for one unit of inventory. If the annual demand decreases by 369/o the optimal order size will:
If Q = order size in units, D = annual demand in units, p = cost per purchase order, s = carrying cost per year for one unit of inventory. If the annual demand decreases by 369/o the optimal order size will:
