Save-A-Lot Wally's Mart Inventories ($MM) Sales (net $MM) COGS ($MM) 5,743 40,694 59,217 397,206 53,962 316,606

Q: You prefer to extend credit on the assumption that you will be paid in full within 10 days of the…

A: Variables in the question:Average inventory=$ 720,000Cash sales (no credit sales)= $4,400,000…

Q: entory balance was $1.67

A: First of all, find ITOR (Inventory Turnover Ratio) = Cost of Goods Sold COGS/ Average Inventory.…

Q: A company has international sales with 90 da erm. Their Inventory turnover period is 30 days. What…

A: The days sales in inventory is that accounting ratio which shows that how much time the…

Q: Colby's Manufacturing Company management found that during the last year it took an average of 43…

A: Solution: Cash conversion cycle = Days of inventory outstanding + Days sales outstanding - Days…

Q: Jiffy Park Corp. has annual sales of $51,705,000, an average inventory level of $15,125,000, and…

A: Cash conversion cycle refers to the number of days to be consumed for converting back the amount…

Q: ABC Corp has an average inventory period (production process time + time before sale) of 36 days.…

A: Short term operating cycle refers to the time required to sell the inventory and realize cash from…

Q: Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current…

A: Given,  Current year net sales = $802,213 Prior year net sales = $453.350

Q: Sales Cost of goods sold 2021 $ 80,000 67,500 Required A Required B Sales Cost of goods sold 2020 $…

A: Trend Percentages can be calculated using the formula: Percentage change = {(Current year amount -…

Q: ModCloth Inc. offers an unconditional return policy. It normally expects 2% of sales at retail…

A: Given ,      Total sales = $18 million or $ 18,000,000      Expected return = 2%      Sales return…

Q: A business has net sales of $1100 per month. The cost of goods sold is $700 per month. The business…

A: The business entities or lenders determine financial ratios to compare different companies' outcomes…

Q: A company wishes to improve efficiency and have 28 days in inventory. If COGS is forecasted as…

A: The average inventory amount can be found by using the inventory turnover ratio where the cost of…

Q: ou prefer to extend credit on the assumption that you will be paid in full within 42 days of the…

A: Solution:- As given in the question, Firm X has an average inventory of $640,000 and sales of…

Q: ection period. BECK does not offer discounts for early payment; thus, customers take the full 30…

A: Basic concept of cash discount and receivable collection period

Q: Data on Wentz Inc. for last year are shown below, along with the payables deferral period (PDP) for…

A: Accounts payables are those supplier accounts from whom business has made credit purchases but…

Q: 5. Assume Wyteboard Corp. markers uses 1,440,000 gallons of ink each year. Assume Palmer will order…

A: Annual demand = 1,440,000 Cost per unit = P2 Prdering cost per unit = P100 Carrying cost is 20% of…

Q: Increase (decrease) in gross margin due to change in units sold A. (P4,800) B. P6.000 D. P16,000 D.…

A: 2020 2021 change sales 80000 97200   selling price 8 8   units 10000 12000 2000…

Q: Calculate COGS

A: Given information, Sales = $178,000Gross margin = 51% or 0.51 Calculate the cost of goods sold as…

Q: Illustration: A company sells $50,000 of goods with the terms net/30. The receivable is immediately…

A: Sales price = $50,000 Factor fee = 3% Interest = 10% reserve = 8%

Q: a. EFG reports annual sales of $ 30 million. Annual costs of goods sold is $ 15 million. Inventory…

A: Inventory refers to the goods or items which are stored by the business either for selling or for…

Q: Zane Corporation has an inventory conversion period of 48 days, an average collection period of 26…

A: Cash conversion cycle(CCC) will be CCC =Inventory conversion period + Average collection period…

Q: 3) A large retailer obtains merchandise under the credit terms of 3/10, net 30, but routinely takes…

A: Discount Rate = 3% Discount Period = 10 days Credit Period = 50 days

Q: Aggarwal Inc. buys on terms of 2/15, net 45, and it always pays on the 45th day. The CFO calculates…

A: We know that:The average amount of costly trade credit carried by the firm is $275,000.The firm pays…

Q: 9. Browny sells to retail appliance stores on credit terms of net 30. Annual credit sales is…

A: Introduction: Accounts receivable is a business term that refers to the account that a company uses…

Q: Buckley Enterprise sells a product that cost $450 per unit and has a monthly demand of 5,000 units.…

A: Economic order quantity is the optimal quantity of order where total cost releted to ordering,…

Q: AL Enterprises purchases P4,562,500 in goods per year from its sole supplier on terms of 2/15, net…

A: Discount rate = 0.02 (i.e. 2%) Allowed payment days = 50 Discount days = 15

Q: Assume Palmer Corp. markers uses 1,440,000 gallons of ink each year. Assume Palmer will order the…

A: Ordering cost is the expense related to placing the order to the supplier. Such expense is bear by…

Q: Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 5/10,…

A: Trade credit is a type of credit that is extended by a business to its customers. It allows…

Q: Equate Inc. sells products with a cost of $25,000 during the year to customer for $55,000. It is…

A: It is pertinent to note that variable consideration need to be included in the transaction price.…

Q: Until recently, Augean Cleaning Products sold its products on terms of net 68, with an average…

A: As per the given information: Changed terms - 3/10, EOM, net 68 Current sales - $100 Cost - $88…

Q: Below is a major portion of the income statements of KTA Inc. for 2020 and 2021: Sales Cost of Sales…

A: Sales Year 2020 = P 80000 Sales Year 2021 = P 97200 Selling Unit in year 2020 = Sales / Selling…

Q: A company currently sell goods of Tk. 6,00,000 with a terms of net 30 days. Its average collection…

A: Accounts receivable is the amount of goods sold on credit which is not yet paid. Accounts receivable…

Q: Aggarwal Inc. buys on terms of 2/10, net 30, and it always pays on the 30th day. The CFO calculates…

A: Costly trade credit = Purchases per day*(days credit outstanding- discount period)$350,000 =…

Q: Q5./Suppose that the demand for a product is 10000 per year and the items are withdrawn uniformly.…

A: EOQ = (2AO/C) (C+S/2)          = (2X10000X1000/6)(6+5/2)           = 5322.90 Units (Approx.)…

Q: If a firm has sales of $21,752,000 a year, and the average collection period for the industry is 45…

A: Average collection period refers to the number of days a company takes to receive the outstanding…

Q: Cost of Trade Credit Grunewald Industries sells on terms of 2/10, net 50. Gross sales last year…

A:

Q: Black Panther Inc. buys on terms of 2/15, net 60 days. It does not take discounts, and it typically…

A: Net purchases = P450,000 Terms of credit = 2/15,net 60 days

Q: Libscomb Technologies' annual sales are $6,974,991 and all sales are made on credit, it purchases…

A: inventory turnover formula: inventory turnover =cogsinventory given, COGS = $3511,535 inventory =…

Q: If the sales this year amounted to P500,000, sales this year at last year's prices is P460,000. The…

A: The Gross Profit is the profit arrived at by deducting Cost of goods sold from the value of Sales.

Q: Accounting In ABC Company, type D goods were loaded after being cut off from the market for a period…

A: COGS (Cost of Goods Sold) represents the cost associated with the units being sold during the…

Q: Aggarwal Inc. buys on terms of 1/10, net 20, and it always pays on the 20th day. The CFO calculates…

A: Due without discount = 20 days Due with discount = 10 days Average amount of costly trade credit =…