University of Louisiana, Lafayette - FNAN 522 Module 7 Homework. Latest 2022
1 view 0 purchase
Course
FNAN 522
Institution
University Of Louisiana, Lafayette
University of Louisiana, Lafayette - FNAN 522 Module 7 Homework. Latest 2022.University of Louisiana, Lafayette - FNAN 522 Module 7 Homework.Started on Monday, 9 December 2021, 9:33 PM State Finished Completed on Monday, 9 Decembe r 2021, 9:35 PM Time taken 1 min 23 secs Marks 15.00/15.00 Grade 20....
FNAN522-020_860-202020
Started on Monday, 9 December 2021, 9:33 PM
State Finished
Completed on Monday, 9 December 2021, 9:35 PM
Time taken 1 min 23 secs
Marks 15.00/15.00
Grade 20.00 out of 20.00 ( 100%)
Question 1 A company has a holding cost per unit of $5. Each
Correct order has a fixed cost of $8 and the annual
demand quantity is 150,000 units. What is the
Mark 1.00 out of
company's optimal order quantity?
1.00
Select one:
a. 693 units
b. 245 units
c. 490 units
d. 1550 units
Question 2 A company that manufactures 4th of July
Correct decorations is looking to improve its inventory
management. Which of the following should it
Mark 1.00 out of
consider as it redesigns its inventory system?
1.00
Select one:
a. It should calculate the lag time in its supply
chain.
b. It should review its past sales data to
determine the pattern of demand for its
goods.
c. All of these answers.
d. It should analyze its cash flow so it has
enough cash to purchase its stock.
, Question
Correct
3 Mark 1.00
A out of
company values its inventory by assuming that
1.00 the most recently produced items are sold first.
This inventory valuation method is known as ___.
Select one:
a. Moving Average Cost Method
b. FIFO
c. Weighted Average Cost Method
d. LIFO
estion 4 A customer has 45 days from the date of invoice
rect to pay a bill in full, but if he pays within 15 days of
the invoice, he gets a 10% discount. Which of the
k 1.00 out of
following describes these terms of trade?
0
Select one:
a. 10/45, net 15.
b. 10/15, net 45.
c. 15/10, net 45.
d. 15/45, net 10.
estion 5 If a company has yet to receive payment for its
rect goods, which of the following describes a situation
when it can recognize revenue from the sale?
k 1.00 out of
0
Select one:
a. When the goods have been delivered and
the title has been transferred to the buyer.
b. Once the company has sustained a portion
of the costs associated with providing the
good or service.
c. Once the company has performed a portion
of the services to be provided.
d. All of these answers.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudyConnect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
