A company buys an item for 50 and sells it for 75. The annual sales and average

Question:

A company buys an item for €50 and sells it for €75.

The annual sales and average stock of this item are 10,000 units and 1,600 units, respectively, while the carrying cost is 20% of its acquisition cost. Calculate:

a) inventory turnover

b) weeks of supply

c) annual gross profit

d) average investment in stock

e) annual inventory carrying cost Would the company operate more efficiently if average stock is reduced to 1,000 units? lop5

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

Step by Step Answer:

Related Book For book-img-for-question

Operations Management Sustainability And Supply Chain Management

ISBN: 9781292295039

13th Global Edition

Authors: Jay Heizer, Barry Render, Chuck Munson

See More Books

Question Posted: Jul 19, 2024 10:00 PM

See More Questions

A company buys an item for $50 and sells it for $75. The annual sales and average stock of this item is 10000 units and 1600 units, respectively; while the carrying cost is 20 percent of its...
I'm in serious need of help in my accounting class (acc205) . I'm falling behind and I need help with this weeks assignment. for week three for the may-june month . can someone please help me ....
The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $3,600 Supplies...
Write a method $\max ()$ that takes the first Node in a linked list as its argument and returns the value of the maximum item in the list. Assume that all items are positive integers, and return 0...
During 20X5, XYZ Ltd. purchased for cash all of the 100,000 Class B shares of Sub Limited. Each share carries one vote. The previous owner, Mr. Bill, retained all 20,000 outstanding Class A shares of...
help The current sections of Buffalo Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Buffalo Corp.'s net income for 2022 was $190,500. Depreciation expense was $31,500....
Repurchase of shares LO7 The directors of Sand Ltd are considering spending $5 million in a repurchase of the companys shares. Some directors argue that this outlay requires the company to use a...
Maris Company uses the following budgets: balance sheet, capital expenditure, cash, direct labor, direct materials, income statement, manufacturing overhead, production, sales, and selling and...
Singh Ltd. reported the following information in its balance sheet and income statement for the year ended March 31,2024 : Calculate the net cash provided (used) by operating activities using the...
An excerpt from Kalamia manufacturing companys last years final annual report revealed the following information: CATEGORY PART NO. AVERAGE INVENTORY UNIT VALUE UNITS Raw materials RSI - 1 200 3 RSI...
Kamal Fatehl, production manager of Kennesaw Manufacturing, finds his profit at $15,000 (as shown in the following statement)inadequate for expanding his business. The bank is insisting on an...
Is it necessary for the pages of a process in main memory to be in sequential order?
1) In 1940, The People's Choice was the first study of the influence of media on politics to be published. Summarize the findings of this study. 2) Then apply it to yourself: Does this ring true for...
Requirements: APA with in-text and reference citations. explain the issue of common and civil law system internationally. intellectual property, copyright, and legal ramifications violation of human...
Inplementation and ControlProvide a marketing strategy gantt chart action plan to implement all activites in detail for OZtent.the plan should present the commencement and completion dates as well as...
QUESTION 10 The graph defined by f(x) = x + ax + bx + c is shown along with its tangent g(x) = mx + c. Both graphs cut the y-axis at D. The graph of cuts the x-axis at (-3; 0), (2; 0) and (5;0). A B...
Request for Proposal (RFP) from my organizations called ""AnyCo"". "AnyCo" is a typical business that has around 100 employees and produces products and services for the Edmonton Market....
Buttercup Corporation issued 300 shares of $10 par value common stock for $4,500. Prepare Buttercups journal entry.
What are the four types of poultry production systems? Explain each type.
Required information [ The following information applies to the questions displayed below. ] On December 1 , Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed $ 8 4 , 0 0...
The face value of a bond is sometimes referred to as the coupon amount. True False Question 5 (1 point) A loss on the early retirement of debt would be added back in the operating cash flow section...
If cost allocations are arbitrary and potentially misleading, why do companies, including successful ones, continue to allocate costs?

A company buys an item for 50 and sells it for 75. The annual sales and average

Question:

Step by Step Answer:

Operations Management Sustainability And Supply Chain Management

Students also viewed these Business questions