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1) The rate at which firms use up their inventory

Question : 1) The rate at which firms use up their inventory : 2066013

1) The rate at which firms use up their inventory is known as economic inventory rate.

2) Inventory turnover is the average inventory divided by total sales.

3) If a firm turns over inventory once a week, they would have 7 days' worth of inventory on hand.

4) Vendor-managed inventory is always consignment inventory.

5) Best Tools maintains an average finished goods inventory of $15 million and its annual cost of goods sold is $180 million. How many times per year do they turn over their inventory?

A) 8.33

B) 12

C) 10

D) 15

 

Solution
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Supply Chain Management 2 Years Ago 396 Views
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