You are given the following information regarding sales and inventory levels over time for your firm:Sales$12,502.002011$13,456.002012$17.845.002013 $15,326.002014Year2010$7.270.83$9,237.10$8,108.59$14.464.00 $7.722.41Given this information, determine the level of safety stocks that the firm holds.O $1.512.02$1.242.55O$1.309.91O $1,444.65Inventory$6,843.44O $1,377.28

Inventory management includes all those activities that help the inventory manager in maintaining…

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Based on the following information, how many days of supply of inventory is the firm holding (assuming 260 days of operation per year)? Do not round intermediate calculations. Round your answer to one decimal place. Sales $8,300,000 Cost of goods sold $7,540,000 Gross profit $760,000 Overhead costs $600,000 Net profit $160,000 Total inventory $2,600,000 Fixed assets $3,100,000 Long-term debt $2,300,000 a. 89.7 days b. 286.2 days c. 81.4 days d. 236.2 days
show work not done in excel Firm Y faces the following: Revenue per order = $10,000 750 orders/deliveries per year Net cost as a percent of revenue = 65% 80% of late deliveries redelivered; 20% cancelled Cost of redelivery = $300 Invoice deduction for redeliveries = $250 4. What is the total lost profit or cash flow from an 85% on-time delivery rate? 5. What is the total lost profit or cash flow from a 95% on-time delivery rate? 6. What is the percentage reduction in total lost profit or cash flow from this 10% increase in on-time delivery?
The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $49.00 First purchase 18 units at $54.00 Second purchase 25 units at $59.00 Third purchase 14 units at $59.00 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method? Select the correct answer. $1,127.00 $1,357.00 $3,616.00 $3,593.00
DISCUSS your thoughts on how poor inventory management affects the end customer of a product, especially as it relates to the cost of the product.
A grocery chain recently reported annual sales of $89 billion, inventory of $5.8 billion,and annual cost of goods sold of $64 billion. What are the firm’s annual inventoryturns?
How does buying play a role in the management of a firm's inventory investment, both directly and indirectly?
Effective Inventory Mgmt. Inc.www.effectiveinventory.com/articlesRead one or more of the articles on this site and write a short summary.
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets $16,320 $14,150 $990 $8,490 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What percentage of Arrow's assets are committed to inventory?% (enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is
With respect to inventory management, is it better to have an “overstock” than a “stockout”? Why? Why not?
Calculate the percentage of assets committed to inventory, where Panda Inc has $44,000,000 in total assets and 11,400,000 of inventory. Please provide the numerical answer to the one decimal place.
Based on the article above, explain how inventory management can provide competitive advantage for Amazon.com!
a. ABC reports annual sales of $ 5 million, annual cost of goods sold is $ 2 million. Inventory is $ 0.5 million and net income is $0.75 million. What is ABC 's annual inventory turns ? Show all formulas used, calculations and results. Do on Canvas b. XYZ reports annual sales of $ 5 million, annual cost of goods sold of $ 3 million, inventory of $ 0.5 million and net income of $ 0.75 million. What is the months of supply of inventory ? Show all formulas used, calculations and results.

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