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
Aleks04 [339]
3 years ago
10

A manufacturing company producing medical devices reported $60,000,000 in sales over the last year. At the end of the same year,

the company had $20,000,000 worth of inventory of ready-to-ship devices. a. Assuming that units in inventory are valued (based on COGS) at $1,000 per unit and are sold for $2,000 per unit, how fast does the company turn its inventory? b. The company uses a 25% per year cost of inventory. That is, for the hypothetical case that one unit of $1,000 would sit exactly one year in inventory, the company charges its operations division a $250 inventory cost. What – in absolute terms – is the per unit inventory cost for a product that costs $1,000?
Business
1 answer:
kumpel [21]3 years ago
8 0

Answer:

a) The company turn its inventory at 1.5.

b) Per unit inventory cost for a product that costs $1000 is $166.67.

Explanation:

a) number of units sold = ($60000000/year)*(1 unit/$2000)

                                       = 30000 units/year

COGS = 30000 units/year*$1000/unit

           = $30000000/year

inventory = $20000000

flow time = inventory/flow rate

                = $20000000/30000000 per year

                = 0.67 years

inventory turns = 1/flow rate

                          = 1/(0.67)

                           = 1.5

Therefore, The company turn its inventory at 1.5.

b) %inventory cost per computer = 25%*0.6667 years

                                                       = 16.667%

16.667%*$1000 = $166.67 per unit

Therefore, Per unit inventory cost for a product that costs $1000 is $166.67.

You might be interested in
The ROI on sustainability efforts can be difficult to quantify because a. the payback period is on the same time frame. b. the p
mojhsa [17]

Answer:

B)the payback period is on a different time frame.

Explanation:

Return on sustainability investment can be regarded as performance measure that is been utilized in evaluation of the gains which is produced due to result of corporate sustainability initiatives as regards amount of money that is invested in those initiatives.

Sustainable return on investment can be regarded as methodology used in identification as well as quantifying of environmental and societal, impacts of investment as regards a projects and initiatives.

It should be noted that The ROI on sustainability efforts can be difficult to quantify because the payback period is on a different time frame.

5 0
3 years ago
Credit granted by retailers to consumers who purchase for personal or family use is referred to as answer
Irina-Kira [14]
I believe that would be Personal Credit.  Your contract is written between you and the store or chain.  Consumer credit is generally a reference to a national economic measurement.
3 0
3 years ago
What box is it please answer if u know :)<br> 1 2 or 3?
Softa [21]

Answer:

Java expression for the following:-

(a+b)²+b

\sf \: z=x³+y³+ \frac{xy}{3}z=x³+y³+

3

xy

Answer:-

There are two ways to write it as a Java Expression:-

\sf{(a+b)^2 + b}(a+b)

2

+b

Math.pow((a+b),2)+b

((a+b)*(a+b))+b

\sf{x^3 + y^3 + (\dfrac{xy}{3})}x

3

+y

3

+(

3

xy

)

z=(x*x*x)+(y*y*y)+((x*y)/3);

z=Math.pow(x,3)+Math.pow(y,3)+((x*y)/3);

Note:-

Math.pow() returns the number raised to power other number

It always returns the double type value

More about Math Functions:-

Math.max() is used to find the maximum value between 2 numbers. SYNTAX:- Math.max(a,b);

Math.min() returns the minimum value between two numbers. SYNTAX:- Math.min(x,y);

Math.abs() returns absolute value of the given number. SYNTAX:- Math.abs();

Math.ceil() returns rounded value upto nearest higher integer. SYNTAX:- Math.ceil(x);

Math.floor() returns rounded value upto nearest lower integer. SYNTAX;- Math.floor(x);

Math.round() returns the rounded value of the number upto nearest integer.

Math.cbrt() returns cube root of a number. SYNTAX:- Math.cbrt(x);

Math.sqrt() returns square root of a number. SYNTAX:- Math.sqrt(x);

7 0
3 years ago
Read 2 more answers
How did the first insurance fund develop?
Yuri [45]

Answer:

Robert Wallace and Alexander Webster, two scottish drunken ministers invented insurance for orphan and widows. A premium would be paid and invested for profitable purposes. Widows and orphans would be paid out with the return of that money, leaving the premiums to accumulate.

Explanation:

8 0
3 years ago
The day-to-day living conditions of modern Americans are very different from what they were in the 20th century. While doing res
wariber [46]

Answer:

To the first question: C)  C. There has been economic growth in our society.

To the second question: E). Economics.

Explanation:

To the first question:

A is false because there has been several recessions in the past 100 years

B is false because markets have failures, causing the recessions mentioned above.

D is false because there are still poor countries, and the concept of "invisible hand" isn't properly explained

To the second question:

The field of economics is the most accurate description of what the researchers are focusing.

En option A they talk about the monetary variable and status of the GDP (recession is associated as decreasing in GDP)

Option B talks about the markets.

C outright spells "economic"

D "the invisible hand" is a concept invented by Adam Smith, the father of modern economics

6 0
4 years ago
Other questions:
  • Bob's big burgers n' shakes restaurant brings a suit, seeking a remedy at law. a remedy at law is
    14·1 answer
  • Air travel from New York to Miami costs $300 and takes 6 hours. A bus ticket between the cities costs $150 and takes 56 hours. O
    10·1 answer
  • Burns Industries currently manufactures and sells 23,000 power saws per month, although it has the capacity to produce 38,000 un
    8·1 answer
  • Lauren owns a bakery that produces, among other things, wedding cakes. She currently has 6 employees; with 6 employees, her bake
    5·1 answer
  • A major reason for the end of the Great Depression was an increase in government spending 1. for Social Security 2. for space ex
    13·1 answer
  • A company acquired a new high-tech printing press on January 1, 2011, for $90,000. At that time, the company estimated the press
    7·1 answer
  • OSHA standards for electrical equipment and systems cover what elements of an electrical installation?
    6·1 answer
  • Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and ca
    5·1 answer
  • How does SEO impact the way that marketers write their ads?
    8·2 answers
  • What might a concept include along with a brief written description of the product?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!