a) A company turns its inventory 6 times a year. Its months-of-supply = &n
a) A company turns its inventory 6 times a year.
Its months-of-supply = . (1 year = 12 month)
Please show your analysis below:
b) Apple’s days-of-supply of inventory is 10.5.
Its annual inventory turn = . (1 year = 365 days)
Please show your analysis below (Keep one decimal in your answer.):
Homework Answers
a) Inventory turns = 6 times
Months per year = 12
Months of supply = Months per year / inventory turns
= 12 months/6
= 2 months
b) Number of days per year = 365
Days of supply = 10.5
Annual inveinven turn = Number of days per year / days of supply
= 365/10.5
= 34.8 timest
Add Answer to:
a) A company turns its inventory 6 times a year.
Its months-of-supply = &n
The inventory turnover for an industry is 6 (every two months) but Slow Corp. turns over...
The inventory turnover for an industry is 6 (every two months) but Slow Corp. turns over its inventory 4 times a year (every three months). If annual sales are $1,000,000 and the interest cost to carry inventory is 12 percent, what is the potential savings in interest expense if the firm achieves the industry for the turnover of its inventory?
Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an...
Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 30 days, and has an average collection period of 51 days. The firm has annual sales of $4.0 million and cost of goods sold of $2.2 million. (Use a 365-day year) a. Calculate the firm's operating cycle and cash conversion cycle b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the...
Changing cash conversion cycle Camp Manufacturing turns over its inventory five times each year, has an average payment...
Changing cash conversion cycle Camp Manufacturing turns over its inventory five times each year, has an average payment period of 35 days, and has an average collection period of 60 days. the firm has annual sales of $3.5 million and cost of goods sold of $2.4 million. a. Caluclate the firm's operating cycle and cash conversion cycle. b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the average age of its...
camp manufacturing turns over its inventory 5 times each year, has an average payment period of 35 days, and has an ave...
camp manufacturing turns over its inventory 5 times each year, has an average payment period of 35 days, and has an average collection period of 60 days. the firm has an annual sales are $3.5 million. and cost of good sold of $2.4 million a. Calculate the firms operating cycle and cash conversion cycle. b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the avarage age of its inventory from 73...
A company has an average inventory balance (over a year) of $30,000. The company's annual cost...
A company has an average inventory balance (over a year) of $30,000. The company's annual cost of sales are $360,000. Days inventory on hand is a metric that measures how much, on average and stated in days of use, inventory a business needs to keep on hand to meet demand given its particular production technique. What is the company's average days inventory on hand (DIOH) Select one: O a. Since on average, $30,000 of inventory is on-hand, and we use...
2h 21: End-of-Chapter Problems - Supply Chains and Working Capital Management ох Back to Assignment Attempts:...
2h 21: End-of-Chapter Problems - Supply Chains and Working Capital Management ох Back to Assignment Attempts: 2 Keep the Highest: 2/6 5. Problem 21-12 (Working Capital Cash Flow Cycle) eBook H Problem Walk-Through Working Capital Cash Flow Cycle Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Stricker's sales last year were $2,540,000 (all on credit), and its net profit margin was 6%. Its inventory turnover was 5 times during the year, and...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43 days, and a payables deferral period of 23 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. days If Zane's annual sales are $2,181,245 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest...
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory...
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days...
1.GPR, Inc., has an inventory turnover of 22.74 times, a payables turnover of 13.01 times, and...
1.GPR, Inc., has an inventory turnover of 22.74 times, a payables turnover of 13.01 times, and a receivables turnover of 8.40 times. What is the length of the company's cash cycle? Assume 365 days per year. 55.46 days 87.56 days 31.45 days 43.45 days 18.13 days 2.Cosplay Unlimited sells 820 outfits per year at an average price of $159. The terms of the sale are 1/10, net 30. The discount is taken by 71 percent of customers. What is the...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 73 days, an average collection...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 73 days, an average collection period of 40 days, and a payables deferral period of 37 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations. 1. What is the length of the firm's cash conversion cycle? days 2. If Negus's annual sales are $3,437,675 and all sales are on credit, what is the firm's investment in accounts receivable? Round...
Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year, has an average payment period of 30 days, and has an average collection period of 51 days. The firm has annual sales of $4.0 million and cost of goods sold of $2.2 million. (Use a 365-day year) a. Calculate the firm's operating cycle and cash conversion cycle b. What is the dollar value of inventory held by the firm? c. If the firm could reduce the...
A company has an average inventory balance (over a year) of $30,000. The company's annual cost of sales are $360,000. Days inventory on hand is a metric that measures how much, on average and stated in days of use, inventory a business needs to keep on hand to meet demand given its particular production technique. What is the company's average days inventory on hand (DIOH) Select one: O a. Since on average, $30,000 of inventory is on-hand, and we use...
2h 21: End-of-Chapter Problems - Supply Chains and Working Capital Management ох Back to Assignment Attempts: 2 Keep the Highest: 2/6 5. Problem 21-12 (Working Capital Cash Flow Cycle) eBook H Problem Walk-Through Working Capital Cash Flow Cycle Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Stricker's sales last year were $2,540,000 (all on credit), and its net profit margin was 6%. Its inventory turnover was 5 times during the year, and...
The following data were taken from the income statements of Mydorf Company. Sales revenue Beginning inventory Purchases 2020 $6,450,000 915,000 4,328,250 1,040,000 2019 $6,230,000 900,000 4,643,250 915,000 Ending inventory Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Days in inventory days...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago