Homework Answers
Average Inventory = $1,050,000 (at cost)
Last Year's Sales Volume = $22,500,000
Last Year's Cost of Goods Sold= $7,350,000
Inventory Carrying Cost = 20% annually
Thus, Inventory Turnover Rate= (Cost of Goods Sold / Average Inventory) = $7,350,000 / $ 1,050,000 = 7 times
Inventory Carrying Cost for the year= Cost of Inventory * Carrying cost Percentage = $1,050,000 * 20% = $210,000
A bond was issued five years ago with 20 years to maturity carrying 8 percent coupon...
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An EOQ Problem Suppose we must secure 8000 of some SKU annually, at a cost of...
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MATERIALS Units normally required annually Cost per onder Annual carrying cost Lead time normal daly used...
MATERIALS Units normally required annually Cost per onder Annual carrying cost Lead time normal daly used maximun daily uses 730 10 12 40 s days (round to the nearest whole umber The most economical order quantity is 10 A 2 annual.required.units carrying cost cost per order 12 20 C 41 for any following problems 35 Disregard your answer in # 9 Use economic quantity of Number of orders per year 1 10 A Total units required Economic order quantity 21...
a. Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do...
a. Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ 4,207.14 b. Compute the future value of $2,000 compounded annually for 15 years at 9 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ c. Compute the future value of $2,000 compounded annually for 25 years at...
k%20-%20Weees202%20(includes%20Chapters%204, 6)html Question text nventory Costing Methods and the Perpetual Method McKay & Company experienced the...
k%20-%20Weees202%20(includes%20Chapters%204, 6)html Question text nventory Costing Methods and the Perpetual Method McKay & Company experienced the following events in March: Event Units Unit Cost Total Cost - Mar. 1 Purchased inventory 100 $25 Mar 3 Sold inventory Mar 15 Purchased inventory 100$28 $2,800 Mar 20 Sold inventory 60 40 Assume the perpetual inventory system is used. Use the weighted-average inventory costing method Round weighted-average cost per unit to two decimal places. Use rounded answer for subsequent calculations. Round all other...
Sixty percent of households say they would feel secure if they had $50,000 in savings. You...
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Fifty dash fiveFifty-five percent of households say they would feel secure if they had $50,000 in...
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Seventy percent of households say they would feel secure if they had $50,000 in savings. You...
Seventy percent of households say they would feel secure if they had $50,000 in savings. You rand 8 households and ask them if they would feel secure if they had $50,000 in that say they would feel secure is (a) exactly five, (b) more than five, and (c) at most five. 43. omly seledt (a) Find the probability that the number that say they would feel secure is exactly five. P(5)- Round to three decimal places as needed.) (b) Find...
( Bond Valuation) You own a 20-year, $1,000 par value bond paying 6 percent interest annually....
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If only 5 percent kids can secure A grade in a paper, find the probability of...
If only 5 percent kids can secure A grade in a paper, find the probability of at most 2 out of 10 kids getting A grade in that paper.
MATERIALS Units normally required annually Cost per onder Annual carrying cost Lead time normal daly used maximun daily uses 730 10 12 40 s days (round to the nearest whole umber The most economical order quantity is 10 A 2 annual.required.units carrying cost cost per order 12 20 C 41 for any following problems 35 Disregard your answer in # 9 Use economic quantity of Number of orders per year 1 10 A Total units required Economic order quantity 21...
k%20-%20Weees202%20(includes%20Chapters%204, 6)html Question text nventory Costing Methods and the Perpetual Method McKay & Company experienced the following events in March: Event Units Unit Cost Total Cost - Mar. 1 Purchased inventory 100 $25 Mar 3 Sold inventory Mar 15 Purchased inventory 100$28 $2,800 Mar 20 Sold inventory 60 40 Assume the perpetual inventory system is used. Use the weighted-average inventory costing method Round weighted-average cost per unit to two decimal places. Use rounded answer for subsequent calculations. Round all other...
Seventy percent of households say they would feel secure if they had $50,000 in savings. You rand 8 households and ask them if they would feel secure if they had $50,000 in that say they would feel secure is (a) exactly five, (b) more than five, and (c) at most five. 43. omly seledt (a) Find the probability that the number that say they would feel secure is exactly five. P(5)- Round to three decimal places as needed.) (b) Find...
If only 5 percent kids can secure A grade in a paper, find the probability of at most 2 out of 10 kids getting A grade in that paper.
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