Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

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Answer 1

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Chapter 6, Problem 5BTN

1.

To determine

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

2.

To determine

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

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The industrial enterprise "HUANG S.A." purchased a sorting and packaging machine from a foreign company on 1/4/2017 at a cost of €500,000. The useful life of the machine was estimated by the Management at ten (10) years, while the residual value was estimated at zero. For the transportation of the machine from abroad to the company's factory, the amount of €20,000 was paid on 15/4/2017. As the insurance coverage of the machine during transportation was the responsibility of the selling company, HUANG S.A. proceeded to insure the machine from 16/4/2017 to 15/4/2018, paying the amount of €1,200. The delivery took place on 15/4/2017. As adequate ventilation of the multifunction device is essential for its proper operation, the company fitted an air duct on the multifunction device. The cost of the air duct amounted to €2,000 and was paid on 20/4/2017. On 25/4/2017, an external electrician was paid €5,000 for the electrical connection of the device. The company also paid €5,000 to an…

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Answer 2

Question

Chapter 6, Problem 5BTN

1.

To determine

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

2.

To determine

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

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Answer 3

Question

Chapter 6, Problem 5BTN

1.

To determine

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

2.

To determine

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 6, Problem 5BTN

1.

To determine

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

2.

To determine

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

Expert Solution & Answer

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Answer 5

Chapter 6, Problem 5BTN

1.

To determine

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

2.

To determine

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

Answer 6

Chapter 6, Problem 5BTN

1.

To determine

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

Answer 7

Chapter 6, Problem 5BTN

1.

To determine

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

Answer 8

2.

To determine

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

Answer 9

2.

To determine

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 6 - Perpetual: Assume that Marvel uses a perpetual...Ch. 6 - Perpetual: Assume that Marvel uses a perpetual...Ch. 6 - Perpetual and Periodic: Assume that Marvel uses a...Ch. 6 - Periodic: Assume that Marvel uses a periodic FIFO...Ch. 6 - Prob. 5MCQ Ch. 6 - A company has cost of goods sold of 85,000 and...Ch. 6 - Describe how costs flow from inventory to cost of...Ch. 6 - Where is the amount of merchandise inventory...Ch. 6 - If costs are declining, will the LIFO or FIFO...Ch. 6 - If inventory errors are said to correct...

Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

Solution Summary: The author compares the company's inventory turnover and its days' sales in inventory under current conditions and proposed conditions.

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Compute the company’s inventory turnover and its days’ sales in inventory under (a) current conditions and (b) proposed conditions.

Evaluate and comment on the merits of their proposal given your analysis for part, and identify any concerns regarding about the proposal.

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