i want to correct answer is accounting Let us suppose that the 'ABC' company's total annualsales are 3,600 units, the average inventory level is300 units, and the annual working days are 300 days.The inventory days of supply (DOS) are:a. Somewhere between 30 and 31 days.b. 25 days.c. 12 days.d. None of the above.

Step 1: Definition of Inventory Days of Supply (DOS)Inventory Days of Supply (DOS) measures the…

Answered: Let us suppose that the 'ABC' company's…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

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Problem 30MCQ

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Assume a firm's inventory level of $11,000 represents 32 days' sales. Required: a. What is the annual cost of goods sold? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to whole number.) b. What is the inventory turnover ratio? (Round your answer to 2 decimal places.) Annual cost of goods sold Inventory turnover ratio times per year
= $ 15, Assume that D = 5,000, k = $ 186, c = and five setups (orders) are required per year. What is the percentage per unit per year of the implicit cost of holding inventory? (result in percentage)
Nowlin Pipe & Steel has projected sales of 19,600 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.60 per pipe. a. What is the economic ordering quantity? Economic ordering quantity b. How many orders will be placed during the year? Number of orders orders c. What will the average inventory be? Average inventory units units
Assume a firm's inventory level of $11,500 represents 33 days of sales. What is the annual cost of goods sold? and what is the inventory turnover ratio?
10.7. A company manufactures and sells a seasonal product. Based on the sales forecast that follows, calculate a level production plan, quarterly ending inventories, and average quarterly inventories. Assume that the average quarterly inventory is the average of the starting and ending inventory for the quarter. If inventory carrying costs are $3 per unit per quarter, what is the annual cost of carrying this anticipation inventory? Opening and ending inventories are zero. ANSWER. Annual inventory costs = $6000 Sales Production Ending Inventory Average Inventory Inventory Cost Quarter 1 1000 Quarter 2 2000 Quarter 3 3000 Quarter 4 2000 Totals
A company wishes to establish an EOQ for an item for which the annual demandis $800,000, the ordering cost is $32, and the cost of carrying inventory is 20%.Calculate the following:a. The EOQ in dollars.b. Number of orders per year.c. Cost of ordering, cost of carrying inventory, and total cost.d. How do the costs of carrying inventory compare with the costs of ordering?
A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) solve this general accounting Query

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Let us suppose that the 'ABC' company's total annual sales are 3,600 units, the average inventory level is 300 units, and the annual working days are 300 days. The inventory days of supply (DOS) are: a. Somewhere between 30 and 31 days. b. 25 days. c. 12 days. d. None of the above.