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2-65.
2-66.
2-67.
2-68.
2-69.
In a ship’s store afloat, what primary
factor(s) determine(s) the amount of
inventory?
1.
Procurement
2.
Markups
3.
Surveys
4.
Sales
In a ship’s store, profits on sales are
determined by which of the following
factors?
1.
The amount of markup over cost on the
items sold
2.
The value total inventory
3.
The volume of sales
4.
The total inventory value of the
retail store
Your failure to maintain sufficient stock
on board will ultimately result in
decreased sales for your ship’s store.
1. True
2. False
NAVRESSO recommence that you maintain
whet optimum ratio of sales to stock at
cost price to your beginning inventory
for each 4-month accounting period?
1.
1.20 to 1
2.
1.50 to 1
3.
1.10 to 1
4.
1.33 to 1
“Stock turn” simply means that a 90-days
supply of stock should “turn over” one
and one-third times in a period of whet
maximum number of days?
1.
360
2.
120
3.
180
4.
90
2-70.
An accounting period covers how many
months?
1. 6
2. 2
3. 3
4. 4
2-71.
You can obtain your stock turn figure by
using what formula?
1.
By multiplying cash sales by opening
inventory
2.
By dividing opening inventory by cash
sales
3.
By dividing expenditures by opening
inventory
4.
By subtracting cash sales from opening
inventory
IN ANSWERING QUESTIONS 2-72 THROUGH 2-74,
SELECT THE STOCK TURN FIGURE IN COLUMN B THAT
CORRECTLY
INVENTORY
QUESTION.
A.
2-72.
2-73.
2-74.
CORRESPONDS TO THE EXPENDITURES/OPENING
FIGURES LISTED IN COLUMN A FOR EACH
EXPENDITURES/
B.
STOCK TURN
OPENING INVENTORY
$8,000
$6,000
1.
1.54
$7,400
$6,200
2.
1.40
$16,000
$10,400
3.
1.33
4.
1.19
2-75.
Optimum stock level (inventory) is
defined as an optimum supply of stock to
cover what total number of days?
1.
90
2.
120
3.
180
4.
365
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