Question: QUESTION 1: The EOQ model is designed to minimize: A. The total transaction and production cost B. Inventory Impairment C. The sum of opportunity, ordering

QUESTION 1: The EOQ model is designed to

QUESTION 1: The EOQ model is designed to minimize: A. The total transaction and production cost B. Inventory Impairment C. The sum of opportunity, ordering and stock-out cost of inventory QUESTION 2: NYZ Company is showing a decrease in receivables without a matching decrease in sales. This may indicate that NYC Company has: A. Increased its term of credits B. An increased in number of customers C. Become more effective at collecting its receivables QUESTION 3: If the firm decides to take the cash discount that is offered on goods purchased on 3/10, net 30, the firm should A. Pay as soon as possible B. Pay on the 30th day after the transaction is complete C. Pay on the 10th day after the transaction is complete QUESTION 4: As credit standards are TIGHTENED, sales are expected to bad debts expense are expected to , and the investment in accounts receivable is expected to A. Increase; Increase; Increase B. Increase; Decrease; Increase C. Decrease; Decrease; Decrease

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