If you sold 17 units this week out of 153 units in inventory what percent of your inventory did you sell?

The lower a firm's inventory turnover, the longer it takes the firm to collect payment on its sales. a. faster the firm collects

Doss [256]

Answer:

The answer is C. longer inventory sits on the firm's shelves

Explanation:

The Inventory turnover is the number of times inventory is sold or used during a given period of time.

The formula is:

cost of goods sold/average inventory.

A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)

4 0

2 years ago

A production manager is responsible for a production budget and can potentially earn an additional bonus for minimising producti

sp2606 [1]

Answer:

The pro side of not listing the 10% would be that until the price reduction becomes official it could be considered just a rumor. The unethical argument for keeping the knowledge that will drop 10% is that the production manager kept from his boss the knowledge that a possible impending reduction could save the company money.

5 0

2 years ago

Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2

sleet_krkn [62]

Answer:

E) General journal

Explanation:

The general journal is used to record all the accounting transactions carried out by a company. If the company uses an accounting tool software or a more complete ERP software, the transaction should be recorded immediately or as soon as possible.

For example, the journal record for this transaction should be:

Dr Accounts Payable account 6,000
Cr Cash account 6,000

5 0

2 years ago

Jacoby Company received an offer from an exporter for 30,000 units of product at $15 per unit. The acceptance of the offer will

tresset_1 [31]

Answer:

The correct option here is D) $450,000.

Explanation:

The differential revenue from the acceptance offer is the additional amount of revenue that will be generated without affecting the revenue generated from the domestic sales in the normal course of operations.

The differential revenue from acceptance of offer can be calculated as -

= Selling price per unit per offer x number of units per offer

= $15 x 30,000

= $450,000

Therefore $450,000 is the differential revenue from the acceptance of offer.

6 0

2 years ago

The director for S Corp. manufacturers of playground equipment, is considering a plan to expand production facilities in order t

Serggg [28]

Answer:

a. The company should not undertake the expansion because the WACC is lower than the desired rate of return of the company

b. Cost of Bonds

Year Cashflow [email protected]% PV [email protected]% PV

$ $ $

0 (804) 1 (804) 1 (804)

1-25 55.3 9.0770 501.96 14.0939 779.39

25 1,000 0.0923 92.3 0.2953 295.3

NPV (209.74) NPV 270.69

Kd = LR + NPV1/NPV1+NPV2 x (HR – LR)

Kd = 5 + 270.69/270.69 + 209.74 x (10 – 5)

Kd = 5 + 270.69/480.43 x 5

Kd = 7.82%

c. Ke = D1/Po + g

Ke = $2 /$40 + 0.06

Ke = 0.05 + 0.06

Ke = 0.11 = 11%

d. WACC = Ke(E/V) + Kd(D/V)

WACC = 11(100/180) + 7.82(80/180)

WACC = 6.11 + 3.48

WACC = 9.59%

Explanation:

FIrst and foremost, we need to calculate cost of bond using internal rate of return formula. The current market price of the bond will be considered in year o. The cash inflows for year 1 to year 25 is the after tax coupon which is calculated using the formula R(1 -T). The coupon is 7% of N1,000 par value, which is $70. Then we will subject it to tax ie $70(1-0.21) = $55.3. The cashflow for year 25 is the par value. Then, we will discount the cashflows in order to obtain cost of bond.

Cost of equity is equal to dividend in year 1 divided by the current market price plus growth rate.

WACC is the proportion of each stock in the capital structure multiplied by cost of each stock.

Market value of the company = 80 + 100 = 180 since debt-equity ratio is 0.8 (80/100). Debt is 80 while equity is 100.

Since WACC is 9.59% and the desired return of the company is 11%. Thus, we will not undertake the expansion.

8 0

2 years ago

If you sold 17 units this week out of 153 units in inventory what percent of your inventory did you sell￼?

If you sold 17 units this week out of 153 units in inventory what percent of your inventory did you sell?