what is the answer for the first blank? Are my answers right?
Let's Play...Cash for Questions! Imagine that you are a contestant on a popular television quiz show, Cash for Questions. You are thrilled that the category is "Corporate Cost of Capital," because you just learned about the concepts and calculations used in the management of a firm's inventory in your corporate finance class. There are five questions in this category, and the host, Steven Sawbucks, will give you the answer to each question in each of the following boxes. Remember, you must phrase your response in the form of a question and type in the correct entry.Good luck! Disclaimer: You won't actually receive any money if you answer the questions correctly Question 1: $100 This system can take the form of a red-line method in its simple form or an incredibly What is sophisticated computerized method, and it usually varies with the size of the firm and the nature of the goods being managed. Question 2: $200 This method of accounting for inventory bases the value of a firm's cost of goods sold on the What is the specific identification method oldest inventory items and the value of the remaining (ending) inventory on the goods purchased more recently. Question 3: $300 Everything else being equal and in the absence of a safety stock, when orders are placed for safety stock What are auantities less than those indicated using the. Question 3: $300 Everything else being equal and in the absence of a safety stock, when orders are placed for What are safety stock quantities less than those indicated using the Economic Ordering Quantity model, these costs will be the greater of the two major inventory costs. Question 4: $400 The costs associated with warehousing a firm's raw-materials, work-in-progress, and What are stock-out costs finished-goods inventories and the associated insurance and obsolescence costs are examples of this major type of inventory cost. Question 5: $500 At this inventory level, new items must be What is a(n) total inventory cost ordered. You are now in the final round of the game. This is the Show-Off Round. Given three statements or phrases, identify the queston that the statements answer. Identifying the correct question will earn you $1,000. Show-Off Round: $1,000 What are the factors that affect an item's Economic Ordering Quantity? What are the factors that affect an item's order point? What are the factors that directly affect an item's total 1. The length of time needed to deliver an order 2. The size of the item's safety stock inventory costs? Economic Ordering Quantity model, these costs will be the greater of the two major inventory costs. Question 4: $400 The costs associated with warehousing a firm's raw-materials, work-in-progress, and What are stock-out costs finished-goods inventories and the associated insurance and obsolescence costs are examples of this major type of inventory cost. Question 5: $500 At this inventory level, new items must be What is a(n) total inventory cost ordered. You are now in the final round of the game. This is the Show-Off Round. Given three statements or phrases, identify the question that the statements answer. Identifying the correct question will earn you $1,000. Show-Off Round: $1,000 1. The length of time needed to deliver an O What are the factors that affect an item's Economic Ordering order Quantity? What are the factors that affect an item's order point? 2. The size of the item's safety stock What are the factors that directly affect an item's total inventory costs? 3. The number of units used during the delivery period