If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.

Related Mcqs:

If debit balances = credit balances, trial balance only shows or check the ____________ and it does not indicate that no errors were made during recording and posting.

A. Arithmetic accuracy B. Errors of commission C. Omissions of economic events D. Understatements of balances...

What is the basic accounting equation?

A. Capital+Liabilities=Assets B. Assets+ liabilities =Capital C. Capital+assets=liabilities D. Liabilities+Capital...

Current assets – Current liabilities=?

A. Capital B. Absorbed capital C. Net assets D. Net working capital...

The adjustment to be made for income received in advance is:

A. Add income received in advance to respective income and show it as a liability B. Deduct income received in advance from respective income and show it as a liability C. Add income received in advance to respective income and show it as asset D. Deduct income received in advance from respective income and show … The adjustment to be made for income received in advance is:Read More...

Which of the following items should not be capitalized relating to fixed assets?

A. Interest payable on loans or deferred credits taken for the acquisition or construction of fixed assets before they are ready for use B. Stand by equipment and servicing equipment C. Expenditure incurred on test runs and experimental production D. Administration and general expenses...