题目

Which TWO of the following are included in the cost of holding inventory?

A

The cost of insurance

B

The delivery costs

C

Rental payments on storage space

D

The cost of placing an order

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Chapter6Accountingformaterials

The EOQ model distinguishes between holding costs (A and C) and ordering costs B and D)

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Which TWO of the following are included in the cost of holding inventory?

A

The cost of insurance

B

The delivery costs

C

Rental payments on storage space

D

The cost of placing an order

Which TWO of the following statements describe the information a Goods Received Note (GRN) provides?

A

Information used to update inventory records

B

Information to check that the correct price has been recorded on the supplier'sinvoice

C

Information to check that the correct quantity of goods has been recorded on the supplier’s invoice

D

Information to record any unused materials which are returned to stores

Which TWO of these documents are matched with the goods received note in the buyingprocess?

A

Invoice from supplier

B

Purchase order

C

purchase requisition

D

Stores requisition

When gathering information on a potential client you can use both internal sources of information and external sources of information.Which TWO of the following would be classified as internally generated information?

A

Supplier references

B

Credit reference agency reports

C

Sales information

D

Ratio calculations

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