Question
Which of the following questions is false? a. If inventory turnover rate in May in Coquitlam Grill is higher than in April, the quantities of
Which of the following questions is false?
a.
If inventory turnover rate in May in Coquitlam Grill is higher than in April, the quantities of menu items purchased in May will be lower than in April.
b.
If inventory turnover rate is increasing, the quantity of menu items purchased will increase.
c.
In April, food sales in Coquitlam Grill totalled $14,120. If the inventory recorded on March 31 was $4,284 and the ending inventory in April was $3,322, the inventory turnover rate in Coquitlam Grill in April was 3.7 (rounded to one decimal point).
d.
If inventory turnover rate is decreasing, the quantities of menu items purchased automatically decrease.
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