Genuine Reproductions (GR) plans on increasing next years sales by 20 percent while maintaining its same average
Question:
Genuine Reproductions (GR) plans on increasing next year’s sales by 20 percent while maintaining its same average inventory in dollars of $250,000.
(a) Calculate the expected inventory turnover for next year.
(b) Calculate the expected weeks of supply.
Step by Step Answer:
a Inventory Turnover 360000025000...View the full answer
Related Video
Inventory turnover is a key metric that helps businesses evaluate the efficiency of their operations. A high turnover ratio is generally considered positive, indicating that the company is effectively selling its inventory and making efficient use of its resources. On the other hand, a low turnover ratio may indicate issues such as overstocking or slow sales and may require further examination to identify and address the underlying causes. Businesses use this ratio to make decisions about inventory levels, production schedules, and pricing strategies. It also helps businesses to identify areas where they may need to make improvements, such as reducing lead times for production or optimizing sales and marketing efforts. Additionally, inventory turnover is used by investors and analysts as a key performance indicator to evaluate the financial health and growth potential of a company.
Students also viewed these Management Leadership questions
-
1. Calculate the expected value of each of the following gambles. a. win $100 with probability 1/6; win $10 with probability 1/3; lose $5 with probability. b. win $1,000,000 with probability .0001;...
-
Calculate GMROI and inventory turnover given: Annual sales $12,000 Average inventory (at cost) $4,000 Gross margin . 35%
-
Rhodes, Inc., is a fast-growing start-up firm that manufactures bicycles. The following income statement is available for July: Revenues (220 units @ $520 per unit) $ 114,400 Less Manufacturing costs...
-
(a) A circular diaphragm 60 cm in diameter oscillates at a frequency of 25 kHz as an underwater source of sound used for submarine detection. Far from the source, the sound intensity is distributed...
-
Find an L D VT factorization of the following symmetric matrices. Which are positive definite? a. b. c. d. e. f. g. h. 3 (3 -1) 315 151 313 112 121 211 231 113 2 0112 1011 1201 110 0123 1032 2301...
-
Do you imagine that the organization benefited or was harmed by Nadias influence? Give examples of how she might affect both the hotels reputation as well as its culture and human resource function.
-
9-6. Qu criterios se utilizan para decidir cules segmentos se eligen como objetivo?
-
BS&T Partners has developed a new hubcap with the model name Spinnin Wheel. Production and sales started August 3. As of August 2, there were no direct materials in inventory. Data for the month of...
-
Wildhorse Corporation's comparative balance sheets are presented below. Additional information: 1. Net income was $32,300. Dividends declared and paid were $26,900. 2. All other changes in noncurrent...
-
What are the welfare effects of trade creation and trade diversion for the European Union, as determined by empirical studies?
-
Yasukos Art Emporium (YAE) ships art from its studio located in the Far East to its distribution center located on the West Coast of the United States. YAE can send the art either via transoceanic...
-
Fredericks Farm Factory (FFF) currently maintains an average inventory valued at $3,400,000. The company estimates its capital cost at 10 percent, its storage cost at 4.5 percent, and its risk cost...
-
Many structures of phosphorus- and sulfur-containing compounds are drawn with some PPO and PPS bonds. These bonds are not the typical p bonds weve considered, which involve the overlap of two p...
-
City Feb. Cases March Cases April Cases New York 19 56 189 Los Angeles 6 12 201 Chicago 0 3 14 Houston 19 19 272 Philadelphia 0 1 5 Phoenix 23 78 289 San Antonio 6 9 95 San Diego 3 38 258 Dallas 4 13...
-
Maximize z = 2x+2y x+6y <30 4x + 2y 32 Subject to I 0 W O 0 Maximum is I = y= at
-
2. Determine the unknown force. a) Fret 3 N Right b) Fret 10. N Down F-22 N F?5N c) Feet 12 N Up F-28 N d) Fret 10. N Right F? F-12N e) Fret = 0 F-16N E-? F-12N F-15 N F-? F-30 N F-25 N F-32 N F=24N...
-
If y = ( x ^ 3 + 7 ) ^ x , compute y ' ( 1 ) .
-
To calculate activity expected duration time, the following parameter is essential? Question 7 options: Distribution time of the unit. Time associated with the failure of the unit. Optimistic or...
-
Why is the PMO so important? LO2
-
An auto-parts manufacturer is considering establishing an engineering computing center. This center will be equipped with three engineering workstations each of which would cost $25,000 and have a...
-
In recent years, there has been a growth of and acquisitions in the banking industry. Why may this have occurred?
-
TransAm Foods Company has five plants where it processes and packages fruits and vegetables. It has suppliers in six cities in California, Texas, Alabama, and Florida. The company has owned and...
-
In Problem S11-23, TransAm Foods would like to know what the effect would be on the optimal solution and the companys decision regarding its shipping if it negotiates with its suppliers in...
-
In Problem S11-23, TransAm Foods would like to know what the effect would be on the optimal solution and the companys decision regarding its shipping if it negotiates with its suppliers in...
-
Oct. 31: Paid salaries, $45,000 ( 75% selling, 25% administrtive). Data table Data table them to retail stores. The company has three inventory items: and floor lamps. RLC uses a perpetual inventory...
-
question 1- You borrow a simple loan of SR 500,000, interest rate is 20%, it matures in one year. what's the yied to maturity? question 2- calculate_i for One-Year Discount Bond with price(p) =...
-
Taste of Muscat is a reputed chain of restaurants operating in Oman. Assume You are working as a management accountant for this restaurant chain which is specialized in all types of Arabic food. Your...
Study smarter with the SolutionInn App