Average Inventory value needs to be calculated based on the given information. Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

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Chapter 12, Problem 2PA

Summary Introduction

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

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The University of the West Indies GLOBAL CAMPUS MGMT 2026 Production and Operations Management - Problem Sheet Assignment Semester II 2024/2025 Note: Although this assignment is being currently assessed out of 100 marks it would be prorated to Contribute a maximum of 40% towards your final course marks. M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12 months as shown in table 1below: TABLE 1 Month Sales (Units) 1 120 2 135 3 150 165 5 180 200 7 195 8 210 225 10 240 11 255 12 270 This Assignment is comprised of four (4) Questions - All questions must be attempted Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent month having the highest weight), calculate the forecast for month 13. [2 marks] Screens 5-7 of 7

Gas sales across type: 80% of gas sales tend to be regular. 15% midgrade, 5% tend to be premium. $0.10 increase in price per gallon tends to decrease gallons sold by 1 to 3%. Jan-0.87, Feb-0.95, Mar-1.00, Apr-1.05, May-1.08, Jun1.15, Jul-1.13, Aug-1.07, Sep-1.02, Oct-0.94, Nov-0.89, Dec-0.85. You want the MAPE to be below 20%, if ypu can get it to or below 10% they'll throw in extra $10k. Wont get bonus if it is above 11% or 20%. It cannot be over 20%.

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Answer 2

Question

Chapter 12, Problem 2PA

Summary Introduction

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 2PA

Summary Introduction

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 2PA

Summary Introduction

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 2PA

Summary Introduction

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Answer 6

Chapter 12, Problem 2PA

Summary Introduction

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Answer 7

Chapter 12, Problem 2PA

Summary Introduction

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Answer 8

Expert Solution & Answer

Answer 9

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Answer 11

Ch. 12 - Prob. 1DQ Ch. 12 - Prob. 2DQ Ch. 12 - Prob. 3DQ Ch. 12 - Prob. 4DQ Ch. 12 - Prob. 5DQ Ch. 12 - Prob. 1PA Ch. 12 - Prob. 2PA Ch. 12 - Prob. 3PA Ch. 12 - Prob. 4PA Ch. 12 - Prob. 5PA

Average Inventory value needs to be calculated based on the given information. Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Solution Summary: The author explains how the average inventory value is calculated based on the given information. Inventory turnover helps in finding how many numbers of times a company must purchase inventory.

Videos

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Want to see the full answer?

Chapter 12 Solutions

Average Inventory value needs to be calculated based on the given information. Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

Solution Summary: The author explains how the average inventory value is calculated based on the given information. Inventory turnover helps in finding how many numbers of times a company must purchase inventory.

Videos

Interpretation: Average Inventory value needs to be calculated based on the given information. Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.

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Chapter 12 Solutions

Interpretation: Average Inventory value needs to be calculated based on the given information.

Concept Introduction: Inventory turnover helps in finding how many numbers of times a company must purchase inventory over a specified period to sustain in the market.