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sergij07 [2.7K]
3 years ago
15

Padco averages $15 million worth of inventory in all of its worldwide locations. They operate 51 weeks a year and each week aver

age $3 million in sales (at cost). Their inventory turnover is______________.
a.17 turns.
b. 5 turns.
c. 1.13 turns.
d. 10.2 turns.
Business
1 answer:
Phoenix [80]3 years ago
4 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Average inventory in all of its worldwide locations = $15 million

Operate in a year = 51 weeks

Weekly cost of goods sold = $3 million

Annual cost of goods sold:

= Weekly cost of goods sold × Number of weeks in a year

= $3 million × 51 weeks

= $153 million

Inventory turnover:

= Cost of goods sold ÷ Average inventory

= $153 million ÷ $15 million

= 10.2 turns

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stiks02 [169]

Answer:

Margin of safety = 3190.922902 units rounded off to 3191 units

Explanation:

Margin of safety is the cushion or extra number of units that the business sells over the break even point in units. The break even point is the point where total revenue equals total cost and the business earns no profit or no loss. To calculate the margin of safety in units, we deduct the break even number of units from the budgeted number of units or sales.

Margin of safety = Budgeted units  -  Break even number of units

First we need to calculate the break even in units. The formula for break even in units is,

Break even in units = Fixed cost / (Selling price per unit - Variable cost per unit)

Break even in units = 9376 / (6.74 - 2.33)

Break even in units = 2126.077098 rounded off to 2126 units

Margin of safety = 5317  -  2126.077098

Margin of safety = 3190.922902 units rounded off to 3191 units

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Answer:

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