Accounting-business system

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Reference no: EM13114143

1. What is the goal of the EOQ model?

2. Why does a firm hold "safety stock?"

3. What costs are a firm trying to balance when it decides on how much safety stock to hold?

4. What are some accounting changes that a firm should make if it decides to implement a JIT inventory management system? Why are those changes necessary?

5. What is the justification for using back-flush costing?

Reference no: EM13114143

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