FNAN 522 - Module 7 Homework . Q&A 100% Correct.

Question 1 Correct Mark 1.00 out of 1.00 Question 2 Correct Mark 1.00 out of 1.00 Started on Monday, 9 December 2019, 9:33 PM State Finished Completed on Monday, 9 December 2019, 9:35 PM Time taken 1 min 23 secs Marks 15.00/15.00 Grade 20.00 out of 20.00 (100%) A company has a holding cost per unit of $5. Each order has a fixed cost of $8 and the annual demand quantity is 150,000 units. What is the company's optimal order quantity? Select one: a. 693 units b. 245 units c. 490 units d. 1550 units A company that manufactures 4th of July decorations is looking to improve its inventory management. Which of the following should it consider as it redesigns its inventory system? 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. FNAN522-020_860- This study resource was shared via CourseH Question 3 Correct Mark 1.00 out of 1.00 Question 4 Correct Mark 1.00 out of 1.00 Question 5 Correct Mark 1.00 out of 1.00 A company values its inventory by assuming that 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 A customer has 45 days from the date of invoice to pay a bill in full, but if he pays within 15 days of the invoice, he gets a 10% discount. Which of the following describes these terms of trade? Select one: a. 10/45, net 15. b. 10/15, net 45. c. 15/10, net 45. d. 15/45, net 10. If a company has yet to receive payment for its goods, which of the following describes a situation when it can recognize revenue from the sale? 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.