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155 inventory turnover in the spaces provided indicate the likely effect of each of 4295356

 

 

 

155.Inventory turnover

In the spaces provided, indicate the likely effect of each of the following events or strategies upon the inventory turnover rate in the coming period. Use the following code letters: I for Increase, D for Decrease, and NE for No Effect.

____ (a) Reduced sales prices in order to increase sales volume.
______ (b) Ordered substantially larger amounts of merchandise in order to receive a volume discount from the supplier.
______ (c) Switched from the FIFO flow assumptions to LIFO during a period of rising prices.
______ (d) Placed sales clerks on commission, rather than a fixed monthly salary.
______ (e) Decided to offer customers a wider selection of merchandise available for immediate delivery. 
 
 

 

 

 

 

156.Inventory turnover

In the spaces provided, indicate the likely effect of each of the following events or strategies upon the inventory turnover rate. Use the following code letters: I for Increase, D for Decrease, and NE for No Effect.

______ (a) Switched from the LIFO flow assumption to FIFO during a period of rising prices.
______ (b) Dramatically increased advertising expense.
______ (c) Increased the sales price of merchandise that is so popular it is difficult to keep in stock.
______ (d) Implemented internal control procedures to reduce a serious inventory shrinkage problem.
______ (e) Switched from a restrictive credit policy to offering liberal terms to credit customers. 
 
 

 

 

 

 

 

 

 

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