QUESTION 4 Which of the following is used to analyze the efficiency and effectiveness of inventory management? a. inventory turnover only b. number of days' sales in inventory only c. both inventory turnover and number of days' sales in inventory d. neither inventory turnover or number of days' sales in inventory

QUESTION 4 Which of the following is used to analyze the efficiency and effectiveness of inventory management? a. inventory turnover only b. number of days' sales in inventory only c. both inventory turnover and number of days' sales in inventory d. neither inventory turnover or number of days' sales in inventory

Name: QUESTION 4Which of the following is used to analyze the efficiency an
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Description: QUESTION 4Which of the following is used to analyze the efficiency and effectiveness of inventory management?a. inventory turnover onlyb. number of days' sales in inventory onlyc. both inventory turnover and number of days' sales in inventoryd. neit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What does a very high inventory turnover ratio signify? Please provide your own example to explain your point.
QUESTION 7 The perpetual and periodic inventory systems are designed to ensure that inventory accounts are increased for the cost of purchases during the period and decreased for the cost of the sales during the period. True O False
17. Models of inventory systems frequently consider the relationships among a beginning inventory, a production quantity, a demand or sales, and an ending inventory. For a given production period j, let * 2, d, beginning inventory for period j (ending inventory from period j-1 production quantity in period j demand in period j ending inventory for period j a. Write the mathematical relationship or model that shows ending inventory as a function of beginning inventory, production, and demand. b. What constraint should be added if production capacity for period j is given by C, ? e. What constraint should be added if inventory requirements for period j mandate an ending inventory of at least 1;?
PART 1: Raw Materials Inventory Turnover A. How is this ratio calculated? What does the ratio show? Using the data below (Sunn Corporation) , calculate and discuss the implications of Sunn's RM Inventory Turnover. Days' Sales in Raw Materials Inventory B. How is this ratio calculated? What does the ratio show? Using the data below (Sunn Corporation) calculate and discuss the implications of Sunn's Days' Sales in RM Inventory
9 and 10
Which inventory system would allow a business to determine inventory shrinkage (breakage, theft, etc.)? OLIFO O Perpetual O FIFO O Periodic
please help solve 21
11 - Which of the following is the formula to compute inventory turnover? a) The formula is cost of goods sold / average inventory b) The formula is average net accounts receivable / one day's sales. c) The formula is net credit sales / average inventory. d) O The formula is net credit sales / average net accounts receivable.
5- A measure useful in evaluating the efficiency in managing inventories is: A. inventory turnover. B. days in inventory. C. Both ( a) and ( b).
Inventory Turnover Ratio shows the speed at which the inventory will be converted into sales. Select one: True False
1.At a time of declining prices, which cost flow assumption will result in the highest ending inventory? A. FIFO B. LIFO C. Weighted average D. Either A or C 2. When the cost of inventory is rising, which inventory cost flow method will produce the lowest amount of cost of goods sold? A. FIFO B. Weighted Average. C. All methods will produce the same amount of cost of goods sold. D. LIFO 200 The inventory records for Raymond Co. reflected the following Beginning Inventory @ May 1 200 units @ $1.00 First Purchase @ May 7 Second Purchase @ May 17 Third Purchase @ May 23 Sales @ May 31 B. $1.15 C. $1.14 D. $1.31 B. $130 C. $324 D. $340 300 units @ $1.10 = 400 units @ $1.20 100 units @ $1.30 = 120 900 units @ $1.50 1350 30 go 3. Determine the weighted average cost per unit for May. A. $1.22 .4.Determine the amount of cost of goods sold assuming the LIFO cost flow method. A. $1,140 B. $1,040 C. $1,000 D. $940 5. Determine the amount of gross margin assuming the FIFO cost flow method. A. $114