Reserve currency can consist of any commodity that is easily transferable and reasonably nonspoilable

Scanner panels with cable TV are used primarily for determining prices

Indicate whether the statement is true or false

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.