A store engaged in reselling jewelries would least likely employ which inventory system? a. EOQ b. Two-bin method c. Just in time d. ABC system 7. A grocery store owner selling low value items would be the most interested in this inventory management system: a. EOQ b. Two-bin method c. Just in time d. ABC system 8. Components of a firm’s cash conversion cycle include: a. Average collection period, average age of inventory b. Average payment period, average collection period c. Average age of inventory and average payment period d. Average of age inventory, average collection period and average payment period 9. Which of the following statements is correct with regard to the use of a lockbox system? a. It reduces mail float and clearing float but not payment float. b. It reduces all components of a float. c. It reduces payment and mail float but not clearing float. d. It increases all components of a float. 10. Which of the following is not a common collection technique for accounts receivables? a. Sending letters of demands b. Making phone calls c. Sending legal notices d. Writing off customer accounts
A store engaged in reselling jewelries would least likely employ which inventory system?
a. EOQ
b. Two-bin method
c. Just in time
d. ABC system
7. A grocery store owner selling low value items would be the most interested in this inventory management system:
a. EOQ
b. Two-bin method
c. Just in time
d. ABC system
8. Components of a firm’s cash conversion cycle include:
a. Average collection period, average age of inventory
b. Average payment period, average collection period
c. Average age of inventory and average payment period
d. Average of age inventory, average collection period and average payment period
9. Which of the following statements is correct with regard to the use of a lockbox system?
a. It reduces mail float and clearing float but not payment float.
b. It reduces all components of a float.
c. It reduces payment and mail float but not clearing float.
d. It increases all components of a float.
10. Which of the following is not a common collection technique for
a. Sending letters of demands
b. Making phone calls
c. Sending legal notices
d. Writing off customer accounts
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