Suppose a committee of two people is to be chosen from a group of five people. How many ways can the committee be chosen?

On a statement of cash flows prepared using the direct method, cash received from selling merchandise is considered a ________

A) cash inflow from investing activities B) cash inflow from operating activities C) cash outflow from financing activities D) cash outflow for financing activities

If the daily demand is 30 and the lead time in days is 3, what is the reorder point?

A company distributes repair parts for high-end appliances. The annual demand is 81,000 and the company operates 300 days per year. The annual carrying cost is 20% of the item cost, which is $500. The ordering cost is estimated at $60 and the shortage cost is $150.