What is the advantage of calculating the inventory holding period in days?
Question:
What is the advantage of calculating the inventory holding period in days?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Hospitality Management Accounting
ISBN: 9780471092223
8th Edition
Authors: Martin G Jagels, Michael M Coltman
Question Posted:
Students also viewed these Business questions
-
1. State how revenue per available room is calculated. 2. Discuss the term financial leverage, or trading on the equity. 3. List four possible operating ratios that could be used in a food operation....
-
Please answer the questions in the attached document Page 1 of 5 Entrepreneurial Finance, Work 2 Instructions 1) Read the attached case, \"Financial Statement Analysis for Small Business, A Resource...
-
This is Hospitality Managerial Accounting management. I am having a test review so I need the answer to study and the real test is on Monday but chapter 7 temple due tomorrow Saturday and also...
-
Compute the indicated quantities for the given homomorphism. Ker () for : S 3 Z 2 in Example 13.3 Data from Example 13.3 Let S n be the symmetric group on n letters, and let : S n Z 2 be defined by...
-
What are the main pressures for accounting regulation in modern China?
-
ARTICLE 1:https://www.lapresse.ca/international/etats-unis/2022-09-16/il-n-est-plus-milliardaire.php ARTICLE 2:https://www.national.ca/fr/perspectives/detail/patagonia-capitalisme-parties-prenantes/...
-
Following are several figures reported for Preston and Sanchez as of December 31, 2010: LO8 Inventory .. Sales .......... Investment income Cost of goods sold Operating expenses Preston $400,000...
-
Relative Sales Value Method During 2011, Crawford Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Crawford for a lump sum of $60,000, because it is...
-
gallons, and 14,000 gatlons
-
A restaurant reported the following current assets: cash $12,000, credit card receivables $1,800, accounts receivable $180, food inventory $4,400, and prepaid expenses, $1,120. Current liabilities...
-
List and discuss three operating ratios that could be used in a rooms operation.
-
Gunnison Insurance has reported the following balance sheet (in thousands): Assets Liabilities and Equity 2-year Treasury note $175 1-year commercial paper $135 15-year munis 165 5-year note 160...
-
Write a brief statement that interprets the confidence interval. Choose the correct answer below. A. There is a 99% chance that the true value of the population mean weight of newborn girls will fall...
-
Transcribed image text: If estimated annual factory overhead is $1,072,500; overhead is applied using direct labor hours, estimated annual direct labor hours are 275,000 actum March factory overhead...
-
Your firm has limited capital to invest and is therefore interested in comparing projects based on the profitability index (PI), as well as other measures. What is the PI of the project with the...
-
The following rates are applicable to annual payroll in British Columbia Question 17 options: 1234 1.95% x total B.C. remuneration 1234 2.925% x (B.C. remuneration - $500,000) 1234 Tax Rate 1234...
-
Assume that different groups of couples use a particular method of gender selection and each couple gives birth to one baby. This method is designed to increase the likelihood that each baby will be...
-
Nevins Distributors Inc. is a wholesaler of oriental rugs. The following is a luncheon conversation between Pat Cameron, the assistant controller, and Cindy Bakke, an assistant financial analyst for...
-
Perform the indicated operations. In designing a cam for a fire engine pump, the expression is used. Simplify this expression. (3) (3 4 32
-
Ragtime Company had the following information for the year: Direct materials used $ 112,000 Direct labor incurred (5,200 hours) $ 152,000 Actual manufacturing overhead incurred $ 168,000 Ragtime...
-
Entries into T accounts and trial balanceKen Jones, an architect, organized Jones Architects on April 1 , 2 0 Y 2 . During the month, Jones Architects completed the following transactions: *...
-
The risk-free rate is 1.77% and the market risk premium is 6.56%. A stock with a of 1.02 will have an expected return of ____%. Percentage Round to: 2 decimal places (Example: 9.24%, % sign required....
Study smarter with the SolutionInn App