A. Inventory turnover of A7X corporation is 15.59%.
B. Day's salesin inventory is 23.41
C. The inventory that sat on the shelf before it was sold is 23.41
Inventory turnover is the ratio that shows how many times a firm turned over its inventory related to its cost of goods sold (COGS) in a particular period, typically a year.
Days sales of inventory (DSI) is the average number of days taken for a company to sell its finished products. Days sales in inventory is a tool that helps to determine the efficiency of sales.
The time of days sale of inventory and the time it sits on the shelf is the same.
Hence,
A. Inventory turnover of A7X corporation is 15.59%.
B. Day's sales in inventory is 23.41
C. The inventory that sat on the shelf before it was sold is 23.41
To know more about Inventory management:
#SPJ12
The inventory turnover for A7X Corporation is 15.59 times, meaning the company sells and replaces its inventory that many times a year. The days' sales in inventory is 23.42 days, which is the average time a unit of inventory sits on the shelf before it's sold.
The subject of this question pertains to the inventory turnover and the days' sales in inventory for A7X Corporation.
a. The inventory turnover is a measure of how many times a company has sold and replaced its inventory during a certain period. We can calculate it by dividing the cost of goods sold ($9,758,345) by the average inventory ($625,817). As such, the inventory turnover for A7X Corporation = 9,758,345 / 625,817 = 15.59 times.
b. The days' sales in inventory refers to the average number of days it takes to sell the inventory. It is calculated by dividing the number of days in a year (365) by the inventory turnover. So, the days' sales in inventory = 365 / 15.59 = 23.42 days.
c. The time a unit of inventory remains on the shelf before it's sold is basically the same as the days' sales in inventory. So, on average, a unit of inventory at A7X Corporation sits on the shelf for 23.42 days before it's sold.
#SPJ3
Answer:
Strategic leaders can help any airline related issue to be solved
Explanation:
Strategic leaders are needed everywhere. An airline company would indeed benefit from a strategic leader and or manager
Answer:
The correct answer is D
Explanation:
The formula to compute the EBIT (Earnings before Interest and Tax) is as:
EBIT (Earnings before Interest and Tax) = Revenue - Provision for income tax - amortization and depreciation - Interest expense - income from continuing operation
where
Revenue is $2,462
Depreciation and amortization is $216
Provision for income tax is $40
Income from continuing operation is $53
Interest expense is $230
Putting the values above:
EBIT = $2,462 - $216 - $230 - $53 - $40
EBIT = $1,923
Answer:
A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects substantially impair the value of the goods and the buyer had a legitimate reason for the initial acceptance.
Explanation:
This statement is defined in § 2-608. Revocation of Acceptance in Whole or in Part. of Article 2 - Sales of the Uniform Commercial Code (UCC).
The buyer may revoke his acceptance of a lot or commercial unit whose non-conformity substantially impairs its value to him if he has accepted it
(a) on the reasonable assumption that its non-conformity would be cured and it has not been seasonably cured; or
(b) without discovery of such non-conformity if his acceptance was reasonably induced either by the difficulty of discovery before acceptance or by the seller's assurances.
(2) Revocation of acceptance must occur within a reasonable time after the buyer discovers or should have discovered the ground for it and before any substantial change in condition of the goods which is not caused by their own defects. It is not effective until the buyer notifies the sellerof it.
(3) A buyer who so revokes has the same rights and duties with regard to the goodsinvolved as if he had rejected them.
Answer:
The minimum cost production lot size = 2447.75
Explanation:
Given
D = Demand = 7,800 copies.
C = Setup costs = $135 per setup.
A = Cost = $13.5.
R = Holding Cost Annual Rate = 17%
P = Production volume = 26,000 copies.
W = Working days = 250 per year
L = Lead time for a production run = 14 days
First we calculate the usage rate.
The usage rate = Annual rate of demand ÷ Working days
Usage Rate = 7500 ÷ 250 = 30 units daily
Then we calculate the production units
Production (P) = Annual Production Volume ÷ Working days
P = 26000 ÷ 250 = 104 units daily
Then we calculate the cost production lot size
This is calculated by
Cost production lot size = √(2DC)/√(1 - (D/P)R * A)
By substituton
Cost Production = √(2 * 7500 * 135)/√(1 - (7500/26000) * 0.17 * 13.5)
Cost Production = 2447.746953702503
Hence, the minimum cost production lot size = 2447.75 --- Approximately
Answer:
The odds of being murder victims among nob white males are 5.485 times as compared to white males.
Explanation:
See attachment for explanation.
Answer:
Option (c) is correct.
Explanation:
Given that,
Beginning inventory = $90,000;
Ending inventory = $70,000;
Cost of goods sold = $968,000
Sales = $1,360,000
Average inventor:
= (Beginning inventory + Ending inventory) ÷ 2
= ($90,000 + $70,000) ÷ 2
= $160,000 ÷ 2
= $80,000
Inventory turnover is the ratio of cost of goods sold and average inventory.
Paul’s inventory turnover in 2020:
= Cost of goods sold ÷ Average Inventory
= $968,000 ÷ $80,000
= 12.1 times
Days in inventory:
= 365 days ÷ Inventory turnover ratio
= 365 days ÷ 12.1
= 30.16 or 30.2 days