Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 21, 2024

A firm with sales of $540,000 has average inventory of $350,000.The industry average for inventory turnover is five times a year.What would be the reduction

A firm with sales of $540,000 has average inventory of $350,000.The industry average for inventory turnover is five times a year.What would be the reduction in inventory if this firm were toachieve 2 answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Math

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

10th edition

133011208, 978-0321924308, 321924304, 978-0133011203

More Books

Students also viewed these Finance questions

Question

★★★★★

Provide a brief description of the JDBC URL.

Answered: 1 week ago

Question

★★★★★

Which of the following is not a goal of the inflammatory reaction? a. Brings more oxygen to damaged tissues. b. Decreases blood toss from a wound. c. Decreases the number of white blood cells in the...

Answered: 1 week ago

Question

★★★★★

What are the remedies for false or misleading statements in contract negotiations? P-968

Answered: 1 week ago

Question

★★★★★

3. Give parents a copy of the Guidelines: Becoming an Expert Student , rewritten for your grade level.

Answered: 1 week ago

Question

★★★★★

Suppose you get a job at Aoki Corporation, a firm that manufactures glass for industrial and consumer markets. Aoki is a large firm but has little international experience. Senior managers are...

Answered: 1 week ago

Question

★★★★★

Granite Stone Creamery sold ice cream equipment for $17.200. Granite Stone originally purchased the equipment for $93,000, and depreciation through the date of sale totaled $72,500. What was the gain...

Answered: 1 week ago

Question

★★★★★

Required: Assuming the price level increased from 1.00 at January 1 to 1.70 at December 31,2024 , use the dollar-value LIFO retail method to approximate cost of ending inventory and cost of goods...

Answered: 1 week ago

Question

★★★★★

The Dexter Products Company manufactures a single product. Its operations are a continuing process carried on in two departments - machining and finishing. In the production process, materials are...

Answered: 1 week ago

Question

★★★★★

Correlation is an important concept in portfolio optimisation. Portfolios with combinations of assets with low or negative correlation tend to display lower volatility than individual assets or...

Answered: 1 week ago

Question

★★★★★

The following data was prepared by the Oriole Company. Total Variable Fixed Sales price $22/unit Direct materials used $82,650 Direct labor $96,000 Manufacturing overhead $99,600 $9,600 $90,000...

Answered: 1 week ago

Question

★★★★★

TFS is trading at $50 / share.It has no dividend and the current cc interest rate is 4%.What is the 2 month forward price? TFS is still trading at $50 / share and the cc interest rate r =...

Answered: 1 week ago

Question

★★★★★

You have received detailed feedback on the concept you proposed for assignment 1. Based on that feedback and based on the concept of Minimum Viable Product - MVP you must rethink and sharpen your...

Answered: 1 week ago

Question

★★★★★

All else being equal, which of the following factors is most likely to lead to an decrease in the amount of additional external capital needed? Select one: O A sharp decrease in its forecasted sales....

Answered: 1 week ago

Question

★★★★★

You are a Loan Officer with an Investment Bank. Today you need to set your lending parameters. They are: LTV: 55% 10 Year T-Bill: TBD Rate Markup: 300 Basis Points Term: 30 Years Amortization: 30...

Answered: 1 week ago

Question

★★★★★

=+LG 1 P831 ETHICS PROBLEM Risk is a major concern of almost all investors. When shareholders invest their money in a firm, they expect managers to take risks with those funds. What ethical limits...

Answered: 1 week ago

Question

★★★★★

=+e. Compare your findings in parts a and b with those in part d. What conclusion can you draw about the impact of a decline in investor risk aversion on the required returns of risky assets?

Answered: 1 week ago

Question

★★★★★

=+a. Calculate the average return for each individual stock.

Answered: 1 week ago

Previous Question Next Question