Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Q: A group of shareholders reviews with their external consultant the actions carried out so far in…
A: EXPLANATION : Firstly correction of deviations, and by quantitative indicators, for example, Saucy…
Q: a).Create a working table taking lines as rows and destinations as columns b). Determine the…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: Please explain the calculation to get get the answers in the column provided?!
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: The company is considering whether or not they should drill the land. The cost of drilling is…
A: 1. EMV for drilling = (0.5 X 0 + 0.3 X 10000000 + 0.2 X 30000000) - Cost incurred in drilling…
Q: Op1. What role do you think e-commerce plays in the extension and construction of the health…
A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…
Q: What is a Procure Management Plan? What are the 7 steps in creating a procure management plan?…
A: Procurement in simple terms means purchasing goods or services for the company operations. But it is…
Q: Activity A B C D E F G Expected Completion Time (minutes) 5 2 7
A: Ans) Possible Paths from start to end: 1) A-C-F-H-I = 5 + 6 + 2 +8 +4 = 25 2) A-D-G-I = 5+9+7+4 =…
Q: Suppose company’s manufacturing facility has a design maximum of 245 clients per week. Its actual…
A: Capacity utilization is the measurement rate which uses to analysis the percentage of company's…
Q: The minimum daily need for workers operate at a manufacturing facility: Period Time (24 hours day)…
A: Decision Variables: Suppose-No. of workers reporting at 6 AM = x1No. of workers reporting at 10 AM =…
Q: 2. How many observations would be necessary for a time studies analyst to be 99% confident that the…
A: Given data: Standard deviation σ=3 minRelative error E=0.3 minAverage time (A) =10.5 min
Q: Disadvantages of using airfreight to ship goods
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: A suppiler for an electronics store has introduced quantity discounts to encourage larger order…
A: Given data: The monthly demand=175 units Then the annual demand=175×12=2100 units Fixed cost for…
Q: A Load Profile compares O utilization with efficiency O orders with capacity scheduled work hours…
A: Determining the number of resources (facilities, equipment, and labor force size) that best supports…
Q: The assembly time of a certain mechanism is a v.a. uniform in the range of 30 to 60 seconds.…
A: Uniform range = 30 to 60 seconds Expected time in second for 9000 parts = 30 * 9000 = 270,000…
Q: Aggregate operations planners seek to match supply and demand at the minimum overall cost and: a)…
A: It is important for an organization to make a balance between the demand and supply by holding an…
Q: Question 7 is not usually used in the control process for a company practicing Clan Control. O A…
A: Clan Control means dealing with the moral values and relationships of the company .…
Q: What business model is Tesla pursuing? How is Tesla's business model different from traditional car…
A: The demand for all-electric cars is rising. There are various causes for this, including new laws…
Q: An activity on a PERT network has an optimistic time of 2 hours, a most likely time of 4 hours, and…
A: Standard deviation is measurement the amount of variation from average or mean. It is calculated the…
Q: E1 You manufacture a widget and use a C chart to monitor the number of defects associated with your…
A: The number of defects or nonconformities in samples of designated size obtained from a process is…
Q: Mo. Elaborate on the process of Performance Management explaining its different components
A: Prerequisites, performance planning, performance execution, performance assessment, performance…
Q: This exercise is based on the following data on four bodybuilding supplements. (Figures shown…
A: Considering only Xtend and Gainz
Q: 3. ABC publishing company is planning to bind a mathematics book in two different bindings:…
A: Decision Variables: Suppose-P be the no. of books of paperback bindingH be the no. of books of…
Q: Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may be…
A: Given data is
Q: nning. 3b. Explain one (1) of the factors involved in your choice o
A: When we talk about port operations, we're referring to a set of nautical protocols designed to…
Q: The average time between the arrivals of the taxis arriving at the airport to pick up passengers has…
A: Given- Scale parameter (λ) = 110Random variable (x) = 15
Q: The Skimmer Boat Company manufactures three kinds of molded fiberglass recreational boats—a bass…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Use the simplex method to solve the linear programming problem: Maximize z = 8x1 + 3x2 + x3, subject…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: In an analyzation of the auto industry in the US using Porter's Five Forces (including the level of…
A: Introduction: Porter five- forces model: A strategic model devised by Michael Porter is most widely…
Q: 36. Improvement assessment involves responding to the Impact assessment and the prioritization of…
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: The project information of the project Automated Warehouse Order Picking System is presented as…
A: A network diagram related to the project is which shows the set sequence of the task that is done to…
Q: Leilani Lavender's law office has traditionally ordered ink refills 70 units at a time. The firm…
A: Given, Q = 70 units Holding cost H = 40% of unit cost = 0.4*9 = $3.6 Annual demand D = 245 units EOQ…
Q: In general, when a consultant's fee proposal and the sponsor's independent fee estimate are within…
A: Post development of a detailed scope of services, satisfying the independent fee estimate (IFE), a…
Q: The results of inspection of DNA samples taken over the past ten days are given at left. Sample size…
A: Control charts are also known as process-behavior charts. It is a statistical process that helps in…
Q: A company in the financial sector will initiate actions to comply with its general internal control…
A: EXPLANATION : Internal controls are the systems utilized by an organization to manage risk and…
Q: In today's marketplace social media is dominating people's lives and many organizations are still…
A: Introduction: CRM or customer relationship management is a tool through which a company maintains…
Q: The "Eclectic Paradigm" by John Dunning identifies three categories of gains from international…
A: The eclectic paradigm is an economic and commercial strategy for evaluating the desirability of…
Q: PREDICTED DEMAND Period Demand F1 F2 1 68 61 60 2 75 67 66 3 70 75 70 4 74 69 67 5 69 74 72 6 72 67…
A: b) MSE: Formula: Solution: Forecast F2 is more accurate because it had least MAD.
Q: Dave's Sporting Goods sells Mountain Mouse freeze-dried meals. Dave's uses a continuous review…
A: Given data: Annual demand (D)= 2900 meals Holding cost (H) =$1.50 per meal/year Cost to place…
Q: G H Activity A BCDEFG Normal Predecessor Duration 7 3 ABB А Crashing - Example Crash Duration 6 A…
A: Find the network diagram below: Duration:
Q: using johnson's rule, what is the idle time at center 2 ? job D, e, f, g center 1: 13, 23, 16, 20…
A: Sequencing is an appropriate order of plan as per which the process of operations works. It defines…
Q: Supply chain management covers the planning and execution of processes required to execute a…
A: Supply chain management, which covers all procedures that convert raw materials into finished…
Q: A server operates with 70% utilization. The coefficient of variation for the service process is 0.6…
A: As per guidelines, in case of multiple questions, first has to be answered. Repost for another…
Q: If the decedent owned property in other states, a separate, __________ probate might have to be…
A: Ancillary probate administration is a legal procedure that allows the overseas personal…
Q: is presented as following. Draw a project network for this project. Compute the early and late…
A: The critical path method is a project management tool used to identify the sequence of tasks that…
Q: Table: Factors causing the decline in sales Factors % Contribution Delayed deliveries 15% Lack…
A: Pareto charts are used to plot the data, which is recorded in descending order using bars. This is a…
Q: On average, a project management office (PMO) completes 300 projects per year. The average number of…
A: Given- Complete projects = 300Avg. no. of projects “on the department’s plate” = 588
Q: The project information of the project Automated Warehouse Order Picking System is presented as…
A: A network diagram related to the project is which shows the set sequence of the task that is done to…
Q: There should be a list of the five risk-control approaches, with brief explanations of each.
A: There are five fundamental methods for managing risks: (1) Avoidance; (2) Retention; (3) Spreading;…
Q: Microsoft is planning to introduce a new technology product in the market . To study the diffusion…
A: The Bass Diffusion Model is a concept in marketing through which different patterns of adoption of…
Q: In the design stage of its internal control system, an organization considers it essential to…
A: EXPLANATION : An organization can establish specific measures and standards that servers for the…
Problem 16-15 (Algo)
The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report:
|
|
|
Net revenue |
$ |
378,000 |
Cost of goods sold |
|
323,000 |
Value of production materials on hand |
|
42,500 |
Value of work-in-process inventory |
|
55,000 |
Value of finished goods on hand |
|
21,500 |
Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.)
- Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Step by step
Solved in 2 steps
- Finance manager does not have to deal with other functional department Select one: True FalseColleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Jerry, Inc. Kate Co. Number of orders 6 30 Units per order 1,000 420 Sales returns: Number of returns 4 5 Total units returned 50 140 Number of sales calls 13 5 Colleen sells its products at $290 per unit. The firm’s gross margin ratio is 20%. Both Jerry and Kate pay their accounts promptly and no accounts receivable is over 30 days. After using business analytics software to carefully analyze the operating data for the past 30 months, the firm has determined the following activity costs: Activity Cost Driver and Rate Sales calls $ 800 per visit Order processing 180 per order Deliveries 410 per order Sales returns 270 per return and $3 per unit returned Sales salary 107,000 per month Required: 1. Using customers as the cost objects, classify the activity costs…Suggest ONE advantage of having an insurance policy and ONE contributingfactor to errors in allocation of deductions from the perspective of an Operational Manager in the Claims Department. Suggest ONE advantage of having an insurance policy and ONE contributingfactor to errors in allocation of deductions from the perspective of an Strategic Manager in Underwriting Department.
- Explain the following with example. If diagram required mention it for better understanding Earned Value Management Accounting vs ControllingLast Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory…Acme, Corp. produces and sells tennis rackets. Each tennis racket is sold for $150 and average total costs per racket are $125, $100 of which are variable. Acme's fixed costs total $10,000 per month. What is Acme's unit contribution margin? A. $50 B. Neither of these C. $25
- Kilmer Company's customer demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units: Actual run time this week Machine time available per week Actual run rate this week Ideal run rate Defect-free output this week Total output this week (including defects) 1-a. Utilization rate 1-b. Efficiency rate. 1-c. Quality rate 1-d. Overall equipment effectiveness 2-a. Utilization loss in units 2-b. Efficiency loss in units 2-c. Quality loss in units 23,310 minutes 25,900 minutes 0.90 8.00 units per minute 10 units per minute Required: 1. and 2. With respect to the company's overall equipment effectiveness, calculate the following: Note: Do not round intermediate calculations. Round final answers to 2 decimal places and "Units" answers to the nearest whole number. 149,184 units 186,480 unitsLast Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory…The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per year
- The check book balance of Ccc Company on December 31,2020 was P4,000,000. Data about certain cash items follow. • A customer amounting to P200,000 dated January 2,2021 was not included in the December 31,2020 checkbook balance. • Another customer check for P500,000 deposited on December 22,2020 was included in its checkbook balance but returned by the bank for insufficiency of fund. The check was deposited on January 5, 2021 and cleared two days. + A P400,000 check payable to supplier dated and recorded on December 30,2020 was mailed on January 16,2021. * A petty cash fund of P50,000 with the following summary on December 31,2020: Coins and Currencies 5,000 Petty cash vouchers 43,000 Return value of 20 cases of soft drinks 2,000 50,000 • A check of P43,000 was drawn on December 31,2020 payable to petty cash. 3. What is the "cash" balance on December 31,2020?Use a flowchart to illustrate the activities and parties that Walter would have involved during the purchasing process of the folding machine.The main steps in the night audit process, operating modes and prepare reports