Question
Scenario 7: During a one month period in the Batteries and Chargers department of Dennigee's Super Store, LifeProof FRE Power Cases had an opening inventory
Scenario 7: During a one month period in the Batteries and Chargers department of Dennigee's Super Store, LifeProof FRE Power Cases had an opening inventory of $36,000 at retail. Net sales for the month were $12,389, and closing inventory was $37,000.
o What was the percentage rate of stock turnover for LifeProof FRE Power Cases during the month?
Scenario 8: Last year, Dennigee's Super Store had annual sales of $1,650,000, with stock turnover of 4.5 for the year.
o What was the average dollar stock amount for Dennigee's Super Store during the past year?
Scenario 9: The buyer in the Wearable Tech department at Dennigee's Super Store has 35 Fitbit Altas in stock. The buyer maintains a reserve of 12 Fitbit Altas. Delivery takes one week and stock is reordered every five weeks. Sales of these Fitbit Altas average 10 per week.
o How many Fitbit Altas should the Wearable Tech department buyer reorder in order to meet sales and reserve requirements without running out of stock?
Scenario 10: It takes two weeks to receive an order of Sandisk High Capacity MicroSD Memory Card Readers for the Memory department at Dennigee's Super Store. Sandisk High Capacity MicroSD Memory Card Readers are ordered every four weeks. Currently, the Memory department buyer has 60 Sandisk High Capacity MicroSD Memory Card Readers on hand and another 50 on order. Sales are expected to be 40 units per week and the buyer maintains a reserve of 20 units. It's time to reorder Sandisk High Capacity MicroSD Memory Card Readers .
o How many units of this product is the buyer open to receive?
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