# Devry GSCM530 week 7 quiz

Aug 5th, 2016
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Question 1.1.(TCO 8) Which of the following is not a role of inventory?(Points : 5) Increasing quality of finished goods Balancing supply and demand Buffering uncertainty in supply or demand Enabling geographical specialization Question 2.2.(TCO 8) Suppose demand is 45 units a month, average inventory is 60 units, and unit cost is \$20. What is the annual inventory turnover?(Points : 5) 10 9 0.75 15 Question 3.3.(TCO 8) If beginning inventory is \$1,000,000, ending inventory is \$1,400,000, sales are \$10,000,000, and anticipated sales are \$50,000 per day, what is the number of days of supply?(Points : 5) 28 days 70 days 60 days 32 days Question 4.4.(TCO 8) Jones Manufacturing Inc. purchases a component from a Chilean supplier. The demand for that component is exactly 70 units each day. The company is open for business 250 days each year. When the company reorders the product, the lead time from the supplier is exactly 10 days. The product costs \$14.00. The company determine

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Devry GSCM530 week 7 quizReport this Question as InappropriateQuestion 1.1.(TCO 8) Which of the following is not a role of inventory?(Points : 5)Increasing quality of finished goodsBalancing supply and demandBuffering uncertainty in supply or demandEnabling geographical specializationQuestion 2.2.(TCO 8) Suppose demand is 45 units a month, average inventory is 60 units, andunit cost is \$20. What is the annual inventory turnover?(Points : 5)1090.7515Question 3.3.(TCO 8) If beginning inventory is \$1,000,000, ending inventory is \$1,400,000,sales are \$10,000,000, and anticipated sales are \$50,000 per day, what is the number of days ofsupply?(Points : 5)28 days70 days60 days32 daysQuestion 4.4.(TCO 8) Jones Manufacturing Inc. purchases a component from a Chilean supplier.The demand for that component is exactly 70 units each day. The company is open for business250 days

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