Razor Trading applies a mark up of 40%. At the start and end of the year, inventory was valued at £25,000 and £22,000 respectively. During the year cash purchases were £15,000 and credit purchases of £90,000. What was the value of sales for the year? a) £151,200 b) £142,800 c) £180,000 d) £170,000 The directors of Repro Ltd are anxious to improve the profit to be reported for the accounting period just ended. Which of the following would improve the profit reported? a) Increasing the rate of provision for doubtful debts from 10% to 12% of all balances over 60 days old. b) Creating a provision for possible warranty claims against the company. c) Changing from a reducing balance to a straight line basis for computing depreciation on new non-current assets. d) Writing down the value of closing inventory on the basis of damage to the stock

Last year, Garrison Manufacturing sold 500 000 units at $4 each. Sales volume is expected to increase by 15% in the upcoming year, and sales price is expected to decrease by 5% in the upcoming year. The expected sales revenue for the upcoming year is: A. $2 255 000 B. $2 185 000 C. $2 645 000 D. $2 000 000

A firm with annual sales of $8,500,000 increases its inventory turnover from 3.0 to 4.0. How much would the company save annually in interest expense if the cost of carrying the inventory is 6 percent? Round your answer to the nearest dollar.

"On average, a firm sells $2,500,000 in merchandise a month. Its cost of goods sold equals 80 percent of sales, and it keeps inventory equal to one-half of its monthly cost of goods on hand at all times. If the firm analyzes its accounts using a 360-day year, what is the firm's inventory conversion period?" Group of answer choices a. 360 days b. 180 days c. 30 days d. 15 days e. 10 days

Problem: Jasper Jewelry has $150 million in sales. The company expects that its sales will increase 4% this year. Jasper's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is as follows: Inventories = $10 + 0.07(Sales) Given the estimated sales forecast and the estimated relationship between inventories and sales, what is your forecast of the company's year-end inventory level? Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answer to two decimal places.

Needed help

please answer do not image.