Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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explain how does inventory impact the financial health of a business?
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- Based on the following information, how many days of supply of inventory is the firm holding (assuming 260 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place. Sales $8,300,000 Cost of goods sold $7,540,000 Gross profit $760,000 Overhead costs $600,000 Net profit $160,000 Total inventory $2,600,000 Fixed assets $3,100,000 Long-term debt $2,300,000 a. 89.7 days b. 286.2 days c. 81.4 days d. 236.2 daysarrow_forwardCan the technology system wireless, mobile computing, and mobile commerce manage inventory for a business? If so explain.arrow_forwardThe following two diagrams represent different inventory and cash payment policies. Please use whatever real-life business you believe is suitable to explain the differences between the two types of business models. Make sure you elaborate on each of the four cardinalities below.arrow_forward
- The Incident Command System (ICS) is a structure and response system that has become the standard in many fire departments, police emergency operations, and emergency management systems across the United States. What are the components of the ICS? Select all that apply. Finance Logistics Planning Operationsarrow_forwardExplain the basic concepts of inventory control. Use the following guide for each part of the essay: Discusses what ABC analysis consists of for inventory control.Provide two (2) examples of how good inventory control can be maintained. ConclusionDiscuss strategies that an operations manager can use to keep costs related to carrying inventory down.arrow_forward
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