answer all, please

EOQ model is the quantitative decision model based on the trade-off between

a) Annual inventory holding costs & Annual order costs

b) Annual transportation costs & Annual order costs

c) Annual order costs & Annual quality defect costs

d) None of the above

The cost of revenue for Singh Inc. (also known as: cost of goods sold) is $ 350,000 and its average inventory for the year is $30,000. What is the inventory turnover for this firm?

a) Less than 10

b) Between 11 and 14

c) Between 15 and 20

d) Greater than 20

Which of the following is a category of inventory?

a) Raw Materials

b) Work-In-Process (WIP)

c) Maintenance, Repair, and Operating Supplies (MRO)

d) All of the above are categories of inventory

The inventory turnover ratio can be interpreted as : how many times inventory turns in an accounting period !!!

True

False