Please give me answer general accounting question A manufacturing company producing electroniccomponents reported 75 million in sales over the lastyear. At the end of the same year, the companyreported it had 15 million dollars worth of inventoryin terms of COGS on average during that same year.The annual per-unit inventory holding cost (the costof carrying a unit of inventory including labor costs,insurance, opportunity cost of capital, etc. for a year)adds up to 25% of that unit's COGS value.What are the annual inventory holding costs incurredby the manufacturer?

Step 1: Define inventory Holding CostsInventory holding costs are the expenses incurred to store and…

Answered: A manufacturing company producing…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 14P

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During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000, 000. What is the sales margin?
During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?
During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?
The Eagle Machine Company averaged $2 million in inventory last year, and the cost of goods sold was $10 million. Figure shows the breakout of raw materials, work-in-process, and finished goods inventories. The best inventory turnover in the company’s industry is six turns per year. If the company has 52 business weeks per year, how many weeks of supply were held in inventory? What was the inventory turnover? What should the company do?
Sapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. Table shows last year’s average inventory levels for these items, along with their unit values.a. What is the average aggregate inventory value?b. How many weeks of supply does the firm have?c. What was the inventory turnover last year? Sapphire Aerospace Inventory Items Category Part Number Average InventoryUnits Value per Unit Raw materials RM-1 20000 $1 RM-2 5000 5 RM-3 3000 6 RM-4 1000 8 Work-in-process WIP-1 6000 10 WIP-2 8000 12 Finished goods FG-1 1000 65 FG-2 500 88
During the current year, Sokowski Manufacturing earned income of $292,400 from total sales of $4,300,000 and average capital assets of $10,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. fill in the blank times B. Assume sales margin is 6.8%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. fill in the blank %
TOKYO ended the year with an inventory of $935,000. During the year, the firm purchased $6,378,000 of new inventory and the cost of goods sold reported on the income statement was $6,109,000. What was TOKYO's inventory at the beginning of the year?
Tarmac Co made sales of $1,930,200 during the year ended 31st March X3. Inventory decreased by $132,000 over the year and all sales were made at a mark-up of 45%.What was the cost of purchases during the year, to the nearest $100?
For its most recent fiscal year, a firm reported that its contribution margin was equal to 40 percent of sales and that its net income amounted to 10 percent of sales. If its fixed costs for the year were P60,000, how much were sales?
Jack Jones, the materials manager at Precision Enterprises,is beginning to look for ways to reduce inventories. A re-cent accounting statement shows the following inventoryinvestment by category: raw materials, $3,129,500; work-in-process, $6,237,000; and finished goods, $2,686,500.This year’s cost of goods sold will be about $32.5 mil-lion. Assuming 52 business weeks per year, express totalinventory asa. Weeks of supplyb. Inventory turns
Prada Company maintains a mark up of 60% based on sales. The company's selling and administrative expenses average 30% of sales. Annual sales were P 1,440,000. How much should the company record as its cost sales and operating profit for the year?
Vikings Inc., is developing a pro forma income statement for the coming year. The chief financial officer estimates that sales will be $150,000,000. If gross profits are historically 36% of sales, what is the expected cost of goods sold (in dollars)? a) $36,000,000 b) $54,000,000 c) $64,000,000 d) $96,000,000 NOTE: In your Excel spreadsheet, all calculations must be included

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