The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

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Answer 1

Question

Chapter 16.III, Problem 15RE

(a)

To determine

To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

(b)

To determine

To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

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The average number of minutes Americans commute to work is 27.7 minutes (Sterling's Best Places, April 13, 2012). The average commute time in minutes for 48 cities are as follows: Click on the datafile logo to reference the data. DATA file Albuquerque 23.3 Jacksonville 26.2 Phoenix 28.3 Atlanta 28.3 Kansas City 23.4 Pittsburgh 25.0 Austin 24.6 Las Vegas 28.4 Portland 26.4 Baltimore 32.1 Little Rock 20.1 Providence 23.6 Boston 31.7 Los Angeles 32.2 Richmond 23.4 Charlotte 25.8 Louisville 21.4 Sacramento 25.8 Chicago 38.1 Memphis 23.8 Salt Lake City 20.2 Cincinnati 24.9 Miami 30.7 San Antonio 26.1 Cleveland 26.8 Milwaukee 24.8 San Diego 24.8 Columbus 23.4 Minneapolis 23.6 San Francisco 32.6 Dallas 28.5 Nashville 25.3 San Jose 28.5 Denver 28.1 New Orleans 31.7 Seattle 27.3 Detroit 29.3 New York 43.8 St. Louis 26.8 El Paso 24.4 Oklahoma City 22.0 Tucson 24.0 Fresno 23.0 Orlando 27.1 Tulsa 20.1 Indianapolis 24.8 Philadelphia 34.2 Washington, D.C. 32.8 a. What is the mean commute time for…

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Answer 2

Question

Chapter 16.III, Problem 15RE

(a)

To determine

To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

(b)

To determine

To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

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Answer 3

Question

Chapter 16.III, Problem 15RE

(a)

To determine

To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

(b)

To determine

To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Expert Solution & Answer

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Answer 4

Question

Chapter 16.III, Problem 15RE

(a)

To determine

To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

(b)

To determine

To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Expert Solution & Answer

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Answer 5

Chapter 16.III, Problem 15RE

(a)

To determine

To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

(b)

To determine

To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Answer 6

Chapter 16.III, Problem 15RE

(a)

To determine

To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Answer 7

Chapter 16.III, Problem 15RE

(a)

To determine

To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Answer 8

(b)

To determine

To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Answer 9

(b)

To determine

To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 16.I - You are the merchandise manager at Best Buy. The...Ch. 16.I - Prob. 2TIE Ch. 16.I - Prob. 3TIE Ch. 16.I - Prob. 4TIE Ch. 16.I - Prob. 1RE Ch. 16.I - Prob. 2RE Ch. 16.I - 3. Calculate the total number of units available...Ch. 16.I - When the merchandise manager of Advance Auto Parts...Ch. 16.I - Prob. 5RE Ch. 16.I - The following data represent the inventory figures...

The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

Solution Summary: The author calculates the average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of 145,000.

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To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.

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