The followin g data are available in respect of material X for a year. Calculate: (i) Inventory

Question:

The followin g data are available in respect of material X for a year.

image text in transcribed

Calculate: (i) Inventory turnover ratio (ii) number of days for which the average inventory is held.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

See More Books

Question Posted: Jun 12, 2024 10:13 AM

See More Questions

I attached information regarding this project, i also attached the financials and also a sample of what i need. the chosen industry isSunCoke Energy Partners LP (NYS: SXCP). This is a 15 to 20 pages...
I need help with this project. I have attached all of the instructions and relevant information. The final draft is due August 20th. Course Project: A Financial Statement Analysis A Comparative...
Hi Erylee88, I would like to utilize your service again. Same format different questions. Please find attached document for your review. Let me know. Thank you, Sam...
Monterey Co. makes and sells a single product. The current selling price is $15 per unit. Variable expenses are $9 per unit, and fixed expenses total $27,000 per month. Required: (Unless otherwise...
The local amateur football club spent $1475 on tickets to a professional football game. If the club bought 10 more 8-dollar tickets than three times the number of 12-dollar tickets; and three fewer...
What advice would you give in this ethical dilemma? Brittani is serving as interim editor of the company newsletter. She receives an article written by the company president describing, in abstract...
Where should the noncontrolling interests claims be reported in a consolidated set of financial statements? LO6
The following selected data pertain to the Argent Division for last year: Sales............... $1,000,000 Variable costs............ $624,000 Traceable fixed costs......... $100,000 Average invested...
Horizontal analysis of Liberty's balance sheet for 2025 would report Liberty Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash...
ZEE is a manufacturer of a product out of three raw materials M, N and Q. Each unit of Zee product requires 10, 8 and 6 kg of M, N and Q respectively. The reorder levels of M and N are 15,000 and...
From the following data, for the year ended 31 December 2009, calculate the inventory turnover ratio of the two items, and put forward your comments on them. Material A Material B Rs. Rs. Opening...
Derive Equation 3.66. $\frac{1}{E_2}=\frac{1}{v_{\mathrm{f}}+\eta_2 v_{\mathrm{m}}}\left[\frac{v_{\mathrm{f}}}{E_{\mathrm{f}}}+\frac{\eta_2 v_{\mathrm{m}}}{E_{\mathrm{m}}} ight] \tag{3.66}$
What are major initiatives would you expect to see in a strategic plan focusing on a public health organization?
The purchase of $\$ 500$ of supplies on account will: a. Increase both assets and stockholders' equity by $\$ 500$ b. Increase assets and decrease liabilities by $\$ 500$ c. Increase assets and...
Venus Company owned a service truck that was purchased at the beginning of 2011 for $\$ 20,000$. It had an estimated life of three years and an estimated salvage value of $\$ 2,000$. Venus uses...
You are observing the sales department staff using exponential smoothing to fore- cast monthly sales. Their forecast for January's sales was 12,000 units. January's actual sales figure became...
Use the ID3 algorithm to build the full decision tree for the data set given in Section 10.9.2. 10.9.2 Example We will start with the training data given below: Film Country of origin Big star Genre...
Stanford issues bonds dated January 1, 2008, with a par value of $500,000. The bonds' annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The bonds mature in...
Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.78 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.8 percent, and the annual risk-free rate...
Imagine you are an Investor in the Stock Market. Identify three companies in the Korean Stock Market (KOSPI) where you would like to invest. Explain your answer
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...

The followin g data are available in respect of material X for a year. Calculate: (i) Inventory

Question:

Rs. Opening stock 90,000 Purchases during the year 2,70,000 Closing stock 1,10,000

Step by Step Answer:

Cost Accounting

Students also viewed these Business questions