Homework Answers
| Formula | ||||
| Inventory turnover ratio = Cost of goods sold/ Average Inventory | ||||
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
| Cost of Goods Sold | 8,000 | 10,000 | 6,000 | 8,000 |
| Average Inventory | 5,000 | 5,000 | 5,000 | 4,000 |
| Inventory turnover ratio | 1.6 | 2.0 | 1.2 | 2.0 |
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QUESTION:
DATA FOR QUESTION:
19 2. Compute the inventory turnover for each scenario. 20 21 Scenario...
QUESTION: DATA FOR QUESTION: 24 25 3. Compute the gross margin return on inventory investment percent...
QUESTION:
DATA FOR QUESTION:
24 25 3. Compute the gross margin return on inventory investment percent for each scenario. 27 Scenario 1 Scenario 2 Scenario 3 Scenario 4 Gross margin return on inventory 28 investment 29 1 Part 2 3 Below are data for four scenarios. Scenario 1 is the base scenario and the other 3 scenarios are modifications to the base scenario. 6 Sales 7 Cost of Goods Sold 8 Gross Profit Scenario 1 Scenario 2 Scenario 3 Scenario...
QUESTION (ONLY NEED QUESTION #4 EXCEL LINE 31 ANSWERED): DATA FOR QUESTION (THE INFORMATION BELOW IS...
QUESTION (ONLY NEED QUESTION #4 EXCEL LINE 31
ANSWERED):
DATA FOR QUESTION (THE INFORMATION BELOW IS FOR
REFERENCE ONLY):
31 4. For Scenarios 2 through 4, explain what change occurred relative to Scenario 1 to cause the gross margin return on inventory (GMROI) to change. You need to specifically discuss each scenario change separately in comparison to scenario 1 by discussing the changes in the gross margin percent and 32 inventory turnover. 33 Type your response into the text box...
QUESTION: DATA FOR QUESTION: JU 31 4. For Scenarios 2 through 4, explain what change occurred...
QUESTION:
DATA FOR QUESTION:
JU 31 4. For Scenarios 2 through 4, explain what change occurred relative to Scenario 1 to cause the gross margin return on inventory (GMROI) to change. You need to specifically discuss each scenario change separately in comparison to scenario 1 by discussing the changes in the gross margin percent and inventory 32 turnover. 33 Tyne your resnonse into the text box below 1 Part 2 3 Below are data for four scenarios. Scenario 1 is...
Below are data for four scenarios. Scenario 1 is the base scenario and the other 3...
Below are data for four scenarios. Scenario 1 is the base scenario and the other 3 scenarios are modifications to the base scenario. Sales Cost of Goods Sold Gross Profit Scenario 1 Scenario 2 Scenario 3 Scenario 4 $10,000 $20,000 $10,000 $10,000 8,000 10,000 6,000 8,000 $2,000 $10,000 $4,000 $2,000 Average Inventory $5,000 $ 5,000 $5,000 $ 4,000 Required: Answer the questions below each question and use cell references for calculations. 1. Compute the gross margin percent for each scenario....
Hello Expert, Can I get help with this home work. Thank you &nb
Hello Expert, Can I get help with this home work. Thank you Exercise Below are data for four scenarios. Scenario 1 is the base scenario and the other 3 scenarios are modifications to the base scenario. Scenario 1 Scenario 2 Scenario 3 Scenario 4 Sales $10,000 $20,000 $12,000 $10,000 COGS 8,000 10,000 6,000 8,000 Gross Profit $2,000 $10,000 $6,000 $2,000 Average $6,000...
E Business Course Return to course Question 3 Not complete Marked out of 12.00 P Flag...
E Business Course Return to course Question 3 Not complete Marked out of 12.00 P Flag question Inventory Management Metrics Large retailers like Costco and Target typically use gross margin ratio (gross margin + sales), invento on investment (GMROI) to evaluate how well inventory has been managed. The goal is to maximize scenarios, a base scenario (A) followed by three modifications (B, C, and D) to the base scenario. Scenario A Scenario B Scenario C Scenario D Sales $50,000 $...
Supply the missing data in the following cases. Each case is independent of the others. (Leave...
Supply the missing data in the following cases. Each case is independent of the others. (Leave no cells blank - be certain to enter "0" wherever required.) Case 1 2 3 1 5,500 $ $ $ $ 7,000 4,000 5,000 6,000 8,000 4 4,000 5,000 10,000 6,000 19,500 3,500 21,000 4,000 5,000 3,500 19,000 25,600 2,000 Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory...
Below are T-accounts. The numbers in parentheses are transaction numbers. Accounts Receivable Beg. bal. 2,000 (2)...
Below are T-accounts. The numbers in parentheses are transaction numbers. Accounts Receivable Beg. bal. 2,000 (2) 5,000 4,000 Supplies 1,000 6,000 Beg. bal. (4) (5) (3) Beg. bal. 8.000 (1) 20,000 14,000 (3 4.000 7.000 End. bal. 11,000 Accounts Payable Beg. bal. 2,000 (6) 7.000 6,000 End. bal. 3,000 End. bal. Service Revenue 7,000 Salaries Expense 14,000 Beg. bal. Beg. bal. (5) 20,000 5.000 25,000 End. bal. 1,000 End. bal. End. bal. 14,000 Required: From the table below select the...
1. Using the attached information, calculate for 2015 and 2016 the following: a) Receivables turnover,Inventory turnover,...
1. Using the attached information, calculate for 2015
and 2016 the following:
a) Receivables turnover,Inventory turnover, and
Payable turnover.
b)Receivables period,Inventory period,and Payable
period.
c)Operating Cycle and Cash Conversion cycle
2. Discuss the changes that took place from 2015 to
2016 and suggest the ways how the company could improve its
performance
Balance Sheets for Years Ended 2014, 2015, and 2016 ASSETS 2014 2015 2016 Cash and marketable securities Receivables Inventories Total current assets Grass plant and equipment less accumulated...
evony BUS2102-Spring 2019-Chapter 2 Fun &Exciting Exercises Always show your work when doing fun &exciting exercises...
evony BUS2102-Spring 2019-Chapter 2 Fun &Exciting Exercises Always show your work when doing fun &exciting exercises Question 1) Supply the missing data in the four cases below. Each case is independent of the others Case 1Case 2Case 3 Case4 S 14,000$ 9,00o $ 6,000 $ 8,000 Direct materials Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 4,000 4,000 5,000 20,000 G 7,000 31,000 25,00018.000 1,000 2,000 4,000...
QUESTION:
DATA FOR QUESTION:
24 25 3. Compute the gross margin return on inventory investment percent for each scenario. 27 Scenario 1 Scenario 2 Scenario 3 Scenario 4 Gross margin return on inventory 28 investment 29 1 Part 2 3 Below are data for four scenarios. Scenario 1 is the base scenario and the other 3 scenarios are modifications to the base scenario. 6 Sales 7 Cost of Goods Sold 8 Gross Profit Scenario 1 Scenario 2 Scenario 3 Scenario...
QUESTION (ONLY NEED QUESTION #4 EXCEL LINE 31
ANSWERED):
DATA FOR QUESTION (THE INFORMATION BELOW IS FOR
REFERENCE ONLY):
31 4. For Scenarios 2 through 4, explain what change occurred relative to Scenario 1 to cause the gross margin return on inventory (GMROI) to change. You need to specifically discuss each scenario change separately in comparison to scenario 1 by discussing the changes in the gross margin percent and 32 inventory turnover. 33 Type your response into the text box...
QUESTION:
DATA FOR QUESTION:
JU 31 4. For Scenarios 2 through 4, explain what change occurred relative to Scenario 1 to cause the gross margin return on inventory (GMROI) to change. You need to specifically discuss each scenario change separately in comparison to scenario 1 by discussing the changes in the gross margin percent and inventory 32 turnover. 33 Tyne your resnonse into the text box below 1 Part 2 3 Below are data for four scenarios. Scenario 1 is...
Below are data for four scenarios. Scenario 1 is the base scenario and the other 3 scenarios are modifications to the base scenario. Sales Cost of Goods Sold Gross Profit Scenario 1 Scenario 2 Scenario 3 Scenario 4 $10,000 $20,000 $10,000 $10,000 8,000 10,000 6,000 8,000 $2,000 $10,000 $4,000 $2,000 Average Inventory $5,000 $ 5,000 $5,000 $ 4,000 Required: Answer the questions below each question and use cell references for calculations. 1. Compute the gross margin percent for each scenario....
E Business Course Return to course Question 3 Not complete Marked out of 12.00 P Flag question Inventory Management Metrics Large retailers like Costco and Target typically use gross margin ratio (gross margin + sales), invento on investment (GMROI) to evaluate how well inventory has been managed. The goal is to maximize scenarios, a base scenario (A) followed by three modifications (B, C, and D) to the base scenario. Scenario A Scenario B Scenario C Scenario D Sales $50,000 $...
Supply the missing data in the following cases. Each case is independent of the others. (Leave no cells blank - be certain to enter "0" wherever required.) Case 1 2 3 1 5,500 $ $ $ $ 7,000 4,000 5,000 6,000 8,000 4 4,000 5,000 10,000 6,000 19,500 3,500 21,000 4,000 5,000 3,500 19,000 25,600 2,000 Direct materials Direct labour Manufacturing overhead Total manufacturing costs Beginning work-in-process inventory Ending work-in-process inventory Cost of goods manufactured Sales Beginning finished goods inventory...
Below are T-accounts. The numbers in parentheses are transaction numbers. Accounts Receivable Beg. bal. 2,000 (2) 5,000 4,000 Supplies 1,000 6,000 Beg. bal. (4) (5) (3) Beg. bal. 8.000 (1) 20,000 14,000 (3 4.000 7.000 End. bal. 11,000 Accounts Payable Beg. bal. 2,000 (6) 7.000 6,000 End. bal. 3,000 End. bal. Service Revenue 7,000 Salaries Expense 14,000 Beg. bal. Beg. bal. (5) 20,000 5.000 25,000 End. bal. 1,000 End. bal. End. bal. 14,000 Required: From the table below select the...
1. Using the attached information, calculate for 2015
and 2016 the following:
a) Receivables turnover,Inventory turnover, and
Payable turnover.
b)Receivables period,Inventory period,and Payable
period.
c)Operating Cycle and Cash Conversion cycle
2. Discuss the changes that took place from 2015 to
2016 and suggest the ways how the company could improve its
performance
Balance Sheets for Years Ended 2014, 2015, and 2016 ASSETS 2014 2015 2016 Cash and marketable securities Receivables Inventories Total current assets Grass plant and equipment less accumulated...
evony BUS2102-Spring 2019-Chapter 2 Fun &Exciting Exercises Always show your work when doing fun &exciting exercises Question 1) Supply the missing data in the four cases below. Each case is independent of the others Case 1Case 2Case 3 Case4 S 14,000$ 9,00o $ 6,000 $ 8,000 Direct materials Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Cost of goods manufactured 4,000 4,000 5,000 20,000 G 7,000 31,000 25,00018.000 1,000 2,000 4,000...
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