7. The following were taken from the records of Sauyo Company:YearCost ofBeginningEndingGood SoldInventoryInventory(In Pesos)(In Pesos)340,50025,30030,2002.435,04030,20035,400520,40035,40036,4004547,50036,40038,300600,70038,30039,000Required: Compute the inventory turn-over for year 5. Round off answer to whole number.

The given data is as follows Cost of goods sold 600700 Average Inventory…

Answered: 7. The following were taken from the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A manufacturing company producing medical devices reported $60 million in sales overthe last year. At the end of the same year, the company had $20 million worth of inventory of ready-to-ship devices. Assuming that units in inventory are valued (based on costof goods sold) at $1000 per unit and are sold for $2000 per unit, what is the company’sannual inventory turnover?
Gringer’s Plastics provides plastic parts to the shipbuilding industry. They gathered the following information on their inventory. Based on this data, what products would be considered A class inventory? Product Unit Cost Volume 1 $ 12.50 11,200 2 $ 325.00 160 3 $ 9.75 23,786 4 $ 8.50 29,590 5 $ 175.60 80 6 $ 1,125.99 26 7 $ 756.25 41 8 $ 24.99 5,230 9 $ 109.25 98 10 $ 33.00 7,865 11 $ 6.75 3,489 12 $ 550.80 26 Group of answer choices A. 1, 3, 4, 10 B. 2, 3, 4, 8 C. 1, 2, 4, 7 D. 2, 4, 7
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 X
Abdullah records the following monthly purchases and sales of an item. Month Number bought Cost of each unit (€) Number sold November 110 22 73 December 60 26 71 January February March 70 30 49 50 28 53 80 24 37 April 40 32 71 Assuming he has no opening stock (Before November), 1. What is the remaining stock at the end of the period (April)? 2. What is the cost (cost of purchase) of the total inventory (Currency in Saudi Riyals))? 3. If each unit is sold for 35SR, What is the income for Abdullah's company till end of April?
Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,300,000 330,000 350.000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2018. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.) O A. 191.10 days O B. 92.64 days O C. 95.55 days O D. 98.38 days
Assuming nil opening stocks prepare store ledger cards and calculate the value of the closing stock from the data provided below using each of the following methods: FIFO LIFO W.Avg Receipts Date Units Rate October 1 100 12.50 October 8 85 15.00 October 16 95 11.95 October 20 115 13.00 Issues October 55 October 65 October October 25 October 115
108 Which of the following components of an ARM adjust periodically, resulting in a change In the monthly payment? A) Index and margin B) Index and interest rate C) Margin and interest rate D) Margin and discount points
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month periodwere as follows:Month Sales (000 units)Feb. 19Mar. 18Apr. 15May 20Jun. 18Jul. 22Aug. 20a. Plot the monthly data on a sheet of graph paper
Suppose the business receives the revenue at the end of the month, what is the CLV value computed from the initial assumption? (Keep 2 decimal places, no $ sign). A 1 Chum Rate 2 Retention Rate 3 Interest Rate 4 Profit Growth Rate month 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 M 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Skip question 0.25 CLV per customer (Net Present Value $ 0.75 Converting to beginning of period 0.15 $ 0 MeanProfit (if still here) Number of Customers in Cohort (100.00) 30.00 30.00 30.00 30.00 30.00 30.00 1 $ 2 $ 3 $ 4 $ 5 $ 6 $ 7 $ 8 $ 9 $ 10 $ 11 $ 12 $ 13 $ 14 $ 15 $ 16 $ 17 $ 18 $ 19 $ 20 $ 21 $ 22 $ 23 $ 24 $ 25 $ 26 $ 27 $ 28 $ 29 $ 30 $ Start Solving 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 Exit Profit 1000 $ (100,000.00) 979 $ 29,375.00 28,763.02 28,163.79 27,577.05 27,002.52 26,439.97 25,889.14 25,349.78 24,821.66 24,304.54 23,798.20 23,302.40 22,816.94…
Pane 3. Assume a company receives cash from different geographic areas of $500,000 daily. The average float of the cash receipt is 4 days. Interest rate on savings is 6% per year. If the company institutes a lock-box system, it will reduce the float to two days. It will cost $80,000 to install the lock-box system and an additional monthly fee of $1,000 to operate it. Should the company install the lock-box system?
According to the EOQ and increase in interest rates would tend to....? A: increase the number of units ordered for inventory and increase the number of orders per year B: decrease the number of units ordered for inventory and reduce the number of orders per year C: decrease the number of units ordered for inventory and increase the number of orders per year D: increase the number of units ordered for inventory and reduce the number of orders per year
4. Astore is currently offering a 60% discount on all items purchased. Your cashier is trying to convince you to open a store credit card and says to you, "In addition to the 60% discount you are receiving for purchasing these items on sale today, you will get an additional 20% off for opening a credit card account. That means you are getting 105% off!" %3D a. What is the mistaken assumption here? b. Why is that assumption incorrect? c. If you did truly have 80% discount, explain what should happen when you go to the counter to buy $500 worth of items? show calculation d. If you got your 60% discount and opened up the card for an additional 20%, what is the actual % discount you would receive? show calculation e. Is it better to apply the 60% discount first or the 20% discount first?_show calculation

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