A company produces spare parts for automobiles. If the sales revenue is $7000000, and annual average inventory is $2000000, the inventory turn ratio is 2, find the gross profit?
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A company produces spare parts for automobiles. If the sales revenue is $7000000, and annual average inventory is $2000000, the inventory turn ratio is 2, find the gross profit? (If the answer is 10000, just enter 10000 without any comma or $)
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- A. You are thinking about opening an oil change shop. Your fixed costs will be $13,000 per month. You will charge customers $28 for a lube-oil filter. The cost of materials is in addition to your fixed costs and is estimated at $8 per customer. How many customers must you have each month in order to break even? Hint: "Break Even" means revenues equal expenses, so we could say "fixed costs+variable costs=revenues" B. If your shop is open an average of 25 days each month., how many customers do you need each day to break even? Answer for a: 650 customers Answer for b: 26 customers per day please help me set up the equation needed to solve and get the correct answer.A firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $30. Product R accounts for 60 percent of the firm’s sales, while S accounts for 40 percent. The firm’s fixed costs are $4 million annually. Calculate the firm’s break-even pointYour boss would like your help on a marketing research project he is conducting on the relationship between the price of juice and the quantity of juice supplied. He hands you the following document: Price of Juice Quantity of Juice Supplied (Dollars per can) (Billions of cans) 0.50 750 0.75 1,000 1.00 1,500 1.25 2,000 Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice supplied increases. This confirms the
- Given that: Sales = $300,000,000 Transportation cost = $15,000,000 Warehousing cost = $4,000,000 Inventory carrying cost rate (W) = 30% Cost of goods sold = $95,000,000 Other operating costs = $55,000,000 Average Inventory (AI) = $15,000,000 Accounts receivable = $35,000,000 What is the earning before interest and taxes? Group of answer choices 75,500,000 205,500,000 150,500,000 126,500,000 46,500,000A computer company's yearly inventory cost is 39 percent (which accounts for the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $375 million in inventory and cost of goods sold of $29 billion.What is the company's total inventory cost for the year (in million $s)? Note: Round your answer to the nearest integer.The advantage of break-even analysis is that it offers a quick estimate of how much the firm must sell to break even and how much profit can be made if a higher sales volume is obtained. O True O False
- A chocolate maker has annual demand of 250,000 pounds per year. It costs $1.25 to store a pound of chocolate for a year, and $350 to produce a batch. Use the economic lot size 3. formula to find the number of batches to be produced annually. Round to the nearest whole number of batches.Pls do fast within 5 minutes and i will give like for sure Solution must be in typed form Taylor Supply is a wholesaler of office supplies and equipment. Taylor purchases cartons of staples from Barker Manufacturing. Barker offers a price of $7 per carton of staples. Taylor incurs a fixed charge of $90 per order to cover order equipment and clerical costs. Each order takes 3 days to arrive . Taylor has projected sales to be 603 boxes per day. Taylor's accounting department has determined the holding costs relevant for inventory decisions are 28% of unit cost. Assume Q=3000. What is the demand for staples during lead time? 1) Assume Q=3000. What is the demand for staples during lead time? 2) Assume Q=3000. What z value is associated with a 90% confidence level? 3) Assume Q=3000. If Taylor wants a 90% service level, and the standard deviation in daily demand is 250, what is the appropriate reorder point? 4) Assume Q=3000. If Taylor wants to improve their service level to 95%, and…Operation mangement An online shoe retailer's annual cost of holding inventory is 30 percent. The firm operates with a days-of-supply of 23 days, and assume there are 365 days per year. What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $53 ? Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- A computer company’s yearly inventory cost is 40 percent (which accounts for thecost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $400 million in inventory and cost of goods sold of$26 billion. What is the company’s total inventory cost for the year (in $ million)?Suppose a certain manufacturer deposits $7,000 at the beginning of each 3 month period for 6 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much (in $) will be in the account at the end of the 6 year period? $ (b) What is the total amount (in $) of interest earned in this account? $AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $50,000 and a production cost of $7 for each timer manufactured. The timers sell for $15 each. (a) What is the cost function C(x)?C(x) = (b) What is the revenue function R(x)?R(x) = (c) What is the profit function P(x)?P(x) = (d) Compute the profit (loss) corresponding to production levels of 3000, 6000, and 11,000 timers, respectively. (Input a negative value to indicate a loss.) 3000 timers $ 6000 timers $ 11,000 timers $