1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka [77]
3 years ago
15

Cyberphone, a manufacturer of cell phone accessories, ended the current year with annual sales (at cost) of $72 million. During

the year, the inventory of accessories turned over eight times. For the next year, Cyberphone plans to increase annual sales (at cost) by 25 percent. What is the increase in the average aggregate inventory value required if Cyberphone maintains the same inventory turnover during the next year? (Enter your response as an integer.)
Business
1 answer:
viktelen [127]3 years ago
5 0

Answer:

INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million

Explanation:

Inventory turnover will be determined as :

Inventory turnover = Annual sales ( at cost ) / Inventory value

Annual sales this year = $72million

Inventory turnover = 8 times

Therefore , Inventory value of current year = $72/8 =$ 9 MILLION

If annual sales ( at cost ) increases by 25%, Inventory value also has to increase by 25% to maintain the same inventory turnover ratio next year

Therefore , increase in average inventory value required = 25% of $9 million = $2.25 million

INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million

You might be interested in
A car dealer who sells only late-model luxury cars recently hired a new salesman and believes that this salesman is selling at l
Natasha2012 [34]

Answer:

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

Explanation:

Data given and notation      

\bar X=5000 represent the sample mean      

s=800 represent the standard deviation for the sample      

n=16 sample size      

\mu_o =5600 represent the value that we want to test    

\alpha represent the significance level for the hypothesis test.    

t would represent the statistic (variable of interest)      

p_v represent the p value for the test (variable of interest)  

State the null and alternative hypotheses.      

We need to conduct a hypothesis in order to determine if the mean is lower than 5600, the system of hypothesis would be:      

Null hypothesis:\mu \geq 5600      

Alternative hypothesis:\mu < 5600      

We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:      

t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}} (1)      

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".  

Calculate the statistic      

We can replace in formula (1) the info given like this:      

t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3      

4 0
3 years ago
Economists refer to their methodology for analyzing oligopolies as a game theory​ because, as in​ games _____.
melisa1 [442]

Answer:

e. all of the above

Explanation:

Just like inn games, all the features enumerated in the options apply.

Specifically, actions by players determine outcomes. Also, players employ strategies to obtain desired results.

7 0
3 years ago
When making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare compar
12345 [234]

A company may focus on lost contribution margin or prepare comparative income statement when making a product line decision

<h3>What is income statement?</h3>

An income statement can be regarded as financial statement which helps to display company's income and expenditures.

It is a financial statement that shows you the company's income and expenditures. It also shows whether a company is making profit or loss.

Hence, when making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative income statement.

Learn more about income statement here : brainly.com/question/21851842

7 0
2 years ago
Bonds that are backed solely by the general credit of the corporation issuing them are called _______ bonds.
babymother [125]
Unsecured bonds, these bonds are also called debenture bonds.
I hope this helps.
3 0
3 years ago
On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

4 0
3 years ago
Other questions:
  • What advice does Lisa Marie Ford have for people interested in a career in marketing or business? (Site 1)
    9·2 answers
  • Henry and claudia can claim alyssa for which tax benefits
    8·1 answer
  • Corporate finance (Financial management) deals with main three types of managerial decision making problems in the context of bu
    10·1 answer
  • Bear Publishing sells a nature guide. The following information was reported for a typical month: Total Per Unit Sales $ 17,600
    8·1 answer
  • Can someone help me please it’s urgent I’ll crown brainliest
    7·1 answer
  • A company pays its employees $1,800 each Friday, which amounts to $360 per day for the five-day workweek that begins on Monday.
    10·1 answer
  • Julie evaluated her spending and found that she was spending about $75 more per month on transportation than she has bodgeted Sh
    11·1 answer
  • Lekhak Ne nai secunder Kise kaha haihindi<br>​
    12·1 answer
  • The implementation of an effective internal control system eliminates the possibility of fraud. This statement is:.
    9·1 answer
  • a company budgets production of 15,000 solar panels in july. each unit requires 4 hours of direct labor at a rate of $20 per hou
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!