Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 10, Problem 7PA
Summary Introduction
To determine: The annual inventory turns.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The periodic inventory system
O A. works well for businesses in which the inventory is large in size or dollar amount
O B. involves the use of inventory costing methods
O C. is more difficult to maintain than a perpetual inventory system
O D. cannot be used with a specific identification costing method
Inquiries of warehouse personnel concerning possibly obsolete or slowmoving inventory items provide assurance about management’s assertion ofa. Completeness.b. Existence.c. Presentation.d. Valuation
Which one of the following represent FIFO method of inventory evaluation?
a.
Old merchandise is sold first
b.
Average number of goods are sold
c.
Old items remain in inventory
d.
New merchandise is sold first
Chapter 10 Solutions
Operations Management
Ch. 10 - It is costly to hold inventory, but inventory can...Ch. 10 - A delivery truck from a food wholesaler has just...Ch. 10 - Prob. 3CQCh. 10 - Prob. 4CQCh. 10 - Prob. 5CQCh. 10 - Prob. 6CQCh. 10 - Prob. 7CQCh. 10 - Prob. 8CQCh. 10 - Prob. 9CQCh. 10 - Prob. 10CQ
Ch. 10 - Prob. 11CQCh. 10 - Prob. 1PACh. 10 - Prob. 2PACh. 10 - Prob. 3PACh. 10 - An electronics manufacturer has 25 days-of-supply...Ch. 10 - Prob. 5PACh. 10 - Prob. 6PACh. 10 - Prob. 7PACh. 10 - Prob. 8PACh. 10 - An online shoe retailers annual cost of holding...Ch. 10 - Prob. 10PACh. 10 - Prob. 11PACh. 10 - Prob. 12PACh. 10 - Prob. 13PACh. 10 - Prob. 14PACh. 10 - Prob. 15PACh. 10 - Prob. 16PACh. 10 - A retailer has annual sales of 500,000 and an...Ch. 10 - Prob. 18PACh. 10 - Prob. 19PACh. 10 - Prob. 1CCh. 10 - Prob. 3CCh. 10 - Prob. 4C
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- The Average Lead Time is 10 days and the Average Daily Usage of widgets is 20. The company has determined that Safety Stock should be 100 units. Show Computations and Explanations. A. What is the Reorder Point? (Format: 111)arrow_forward32 Periodic inventory systems may be appropriate for ________________ a. Both small businesses and big companies b. Small businesses c. None of the given options d. Big companies Clear my choicearrow_forwardA cost-based ABC system prioritizes inventoried items on the basis of their a. total annual cost. b. price per unit. c. annual demand. d. unit holding costs. e. none of the above.arrow_forward
- estion is NOT generally a determinant of the reorder point O a. Lead time variability yet wered O b. Rate of demand ked out of O c. Purchase cost O d. Length of lead time Flag stion PREVIOUS PAGEarrow_forwardWhy are physical inventory counts made when a perpetual inventory system is used? a. Same as last year principle requires it b. It verifies inventory numbers recorded c. SEC recommends it d. CFO typically has doubts about the purchasing departmentarrow_forwardMULTIPLE CHOICE: 1.Excessive inventory rob of A. Sales volume B. Production requirements C. Total sales D. Working capital 2. Offers of a trial amount of product to consumers A. Premiums B. Samples C. Frequency D. Couponarrow_forward
- Most inventory models attempt to minimize a. The likelihood of stockout b. None of these c. The numbers of orders placed d. Total inventory-based cost e The number of items orderedarrow_forwarda. ABC reports annual sales of $ 5 million, annual cost of goods sold is $ 2 million. Inventory is $ 0.5 million and net income is $0.75 million. What is ABC 's annual inventory turns ? Show all formulas used, calculations and results. Do on Canvas b. XYZ reports annual sales of $ 5 million, annual cost of goods sold of $ 3 million, inventory of $ 0.5 million and net income of $ 0.75 million. What is the months of supply of inventory ? Show all formulas used, calculations and results.arrow_forwardABC classification divides on-hand inventory into three classes, generally based upon a. item quantity. b. unit price. c. the number of units on hand. d. annual demand. e. annual dollar value.arrow_forward
- 47 Companies take a physical count of inventory at the end of the accounting period. Taking a physical count of inventory involves_________________________. a. Counting of each kind of inventory b. Measuring of each kind of inventory c. Weighing of each kind of inventory d. All the given optionarrow_forwardAn electronic system that records actual sales at time of sale O a. Point of sale (POS) system O b. ABC O c. Periodic inventory system O d. None of these O e. Perpetual inventory systemarrow_forward21- Which one of the following represent FIFO method of inventory evaluation? a. Old items remain in inventory b. Old merchandise is sold first c. New merchandise is sold first d. Average number of goods are soldarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY