Homework Answers
Inventory Levels :-
| Months | Sales (A) | Retail Stock (B) | Stock-Sales Ratio (B/A) |
| 1 | $10000 | $30000 | 3 |
| 2 | $11000 | $32000 | 2.91 |
| 3 | $13000 | $36000 | 2.77 |
| 4 | $16000 | $37000 | 2.31 |
| 5 | $19000 | $34000 | 1.79 |
| 6 | $9000 | $22000 | 2.44 |
| 7 | $11000 | $32000 | 2.91 |
| 8 | $13000 | $31000 | 2.38 |
| 9 | $16000 | $37000 | 2.31 |
| 10 | $19000 | $31000 | 1.63 |
| 11 | $21000 | $29000 | 1.38 |
| 12 | $25000 | $34000 | 1.36 |
| EOM | $19500 | ||
| Totals | $183000 | $404500 | |
| Average Inventory | $24750 | ||
| Stock Turnover Rate | 7.39 times |
Average Inventory = (Beginning Stock + Ending Stock)/2
= ($30000 + $19500)/2
= $49500/2
= $24750
Stock Turnover Rate = Total Sales / Average Inventory
= $183000 / $24750
= 7.39 times
Add Answer to:
1. Calculate the annual stock turnover rate based on the following monthly sales and inventory figures....
Esquire Products Inc. expects the following monthly sales: January February March April May June $ 38,000...
Esquire Products Inc. expects the following monthly sales: January February March April May June $ 38,000 July 29,000 August 22,000 September 24,000 October 18.ee November 16,eee December Total sales = $384,cee $ 32,000 36,000 39,000 44,000 52,00 34, eee Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each....
Esquire Products Inc. expects the following monthly sales: January February March April May June $ 38,000 July 29,000 August 22,000 September 24,000 October 18.ee November 16,eee December Total sales = $384,cee $ 32,000 36,000 39,000 44,000 52,00 34, eee Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each....
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago