Problem 2. JAYSON Inc. has projected sales to be P60o o00 in January. P750 000 in February, andP800 000 in March. JAYSON wans to have 50% of nexl month's sales needs on hand al the end ofeach month. JAYSON's cost of sales to sales ratio is 60%. Determine February purchases.

Sales budget is the estimation of the future sales of the company. It is used by the company to set…

Answered: Problem 2. JAYSON Inc. has projected…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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An inventory item has a demand of 10,000 units per month. The cost of each unit is $6, and the interest on tied-up money is 10%. The average ordering cost is $250 per order. a) What is the EOQ? units (round your response to the nearest integer). b) What is the optimal number of orders per year? to the nearest integer) c) What is the optimal number of days between any two orders? your response to the nearest integer) d) What is the annual holding cost? $ nearest integer) orders (round your response e) What is the total annual cost of the inventory system? $ to the nearest integer) days (round per year (round your response to the (round your response
Alpha retail store predicts an annual demand of 4920 kgs of a food product. It costs RO 100 to make and receive an order, and it takes 12 workdays to receive it. The annual holding cost is 20% of purchase price. The price RO 2 per kg. The company is operating 6 workdays per week in a 52-week year. What is the expected time (in days) between orders? Round-up to the nearest integer O a. 185 O b. 115 O c. 100 Od. None is correct O e. 111
Journey's Umbrella Factory • Sales Forecast for Q4 in 2022: Selling price = $20 per umbrella o October 20,000 units o November 22,000 units o December 25,000 units o January '23 21,000 units • Journey's will begin Q4 with 28,000 units in finished goods (FG) • Journey's wants to end each month with 120% of the next month's projected sales in finished goodsinventory • Each umbrella requires 5 lbs. of direct material • Direct material costs $2.00 per lb. • Journey's will begin the 4th quarter with 10,000 lbs. of direct materials but would like o 20,000 lbs. of direct materials at the end of October, o 35,000 lbs. of direct materials at the end of November, and • 40,000 lbs. of direct materials at the end of December. • It takes 12 minutes of direct labor hours to make one umbrella • Workers earn $12 per hour Use the above information to answer the question below. QUESTION: What is the cost of direct materials to be bought for the month of December for Journey's? O $184,000 O $92,000 O…
4. Genesis Company is a wholesaler. It purchases 60,000 units of Product X per month for sale to retailers. The cost of placing an order is P100. The cost of holding one unit of inventory for one year is P4. Note: Kindly input your answer with comma. Example: 10,000 Required: a. Compute the economic order quantity. b. How many orders would be placed under the EOQ policy? c. Compute the annual ordering cost for the EOQ. d. Compute the annual carrying cost for the EOQ. e. Compute the total inventory-related cost at the EOQ.
If ABC plans to pay 30% of the month’s purchases during the month of purchase, 50% in the next month, and the balance two months from the month of purchase, how much would the total payments to suppliers be for the month of April?
None
Al-Morooj Co. has the following sales forecasts for its hip waders next year: First Quarter 11000 units Second Quarter 4% increase over first quarter Third Quarter 8% decrease from first quarter Fourth Quarter 4% decrease over first quarter Required: Calculate the Al-Morooj's estimated sales in units for next year.
ARE YOU READY TO PRACTICE: Complete the table below. A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in Apr and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month ar expected to be collected as follows: • Month of sales: 20% ► A month after sales: 50% ► 2 months after sales: 30% - How much is total receipts from sales? Apr Jan Feb Mar May Total Units Sold 12, 500 P1,250,000 P250,000 Sales in Pesos Collection from current months sales Collection from previous P150,000 months sales Collection from two months P84,000 sales Total Collections from Sales 40,000 P926,000 PRACTICE EXERCISE 1: Fill the table below. A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,00 in May. Assume that cost per unit is PHP50. All purchases this month are paid the following month. How much is total cash disbursements for purchases? Jan Feb Mar Apr May Total Required production Cost in Pesos Payment from current…
3) A shoe retailer plans, for the period, net sales of $3,000,000 with a 20% profit and 25% operating expenses. The anticipated markdowns are 15%, along with sales discounts at 2% and shortages of 3%. Cash discounts to be earned are estimated at 5%, and alterations are 1% of net sales. What initial markup % is needed for this retailer's merchandise to achieve the desired profit goal?
Ma3.
Demand for a product is 12,000 units per year. Every time an order is made, the company must pay $15.00 per order. The cost to hold an order in inventory is $2.00 per unit per year. Calculate the cost if the company orders 3,000 units each time. O A. $100 O B. $125 OC. $10,000 O D. $150
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Problem 2. JAYSON Inc. has projected sales to be P600 o00 in January. P750 000 in February, and P800 000 in March. JAYSON wants to have 50% of nexl month's sales needs on hand al the end of each month. JAYSON's cost of sales to sales ratio is 60%. Determine February purchases.