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
Mice21 [21]
3 years ago
5

The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing pro

cess, considerable work-in-process and raw materials are needed. The current inventory levels are $2,470,000 and $1,566,000, respectively. In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about 48 million.
Express total inventory as:
a) Weeks of supply
b) Inventory turns
Business
1 answer:
borishaifa [10]3 years ago
4 0

Answer:

a. The Weeks of supply is 5.67 week

b. The Inventory turns is 9.167

Explanation:

a. In order to calculate the weeks of supply we would have to use the following formula:

Weeks of Supply = Average Aggregate Inventory Value/Weekly Sales

Average Aggregate Inventory Value = Raw Materials + WIP + Finished Goods = $2,470,000+ $1,566,000 + $1,200,000 = 5,236,000

Sales Per Week = COGS/52 weeks per year = $48,000,000/52 = $923,076

Weeks of Supply = Average Aggregate Inventory Value/Weekly Sales = $5,236,000/$923,076 = 5.67 or 5.7 week

b Inventory Turnover = Annual Sales/Average Aggregate Inventory Value = 48000000/5236000 = 9.167 or 9.17

You might be interested in
For most consumers, maximizing utility through consumption generally means finding good deals in order to maximize the utility r
VladimirAG [237]

Answer:

The explanation of that situation is below.

Explanation:

To begin with, the most important factor to have in mind in the situation explained above is the fact that we are talking about a "luxury good" and therefore that when it comes to this type of goods is better when the majority of the people do not possess or at least they must represent the fact that they are exclusive for only some part of the population. That is why that those goods use the strategy of increase always the price because that will means that they are not affordable for the majority of the society but only for a few and that will give to the owner of the good a sense of uniqueness and with that it also comes the sense of superiority. That is why that when it comes to this type of good the analysis change and it collides with the other theory of utility maximation.

8 0
3 years ago
Walmart sells a bike that cost $100 to a customer for $250 cash. using a perpetual inventory system, the entry to record the sal
hjlf

1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the <u>Cash account</u><u> </u>and a credit to the <u>Sales Revenue account</u> for $250.

2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the <u>cost of goods sold</u> and a credit to <u>Inventory</u> for $100.

<h3>What is the perpetual inventory system?</h3>

The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.

Under this system, the cost of goods sold is <u>debited</u> and the inventory account is <u>credited</u>.

Learn more about the perpetual inventory system at brainly.com/question/25014592

3 0
2 years ago
Reasons for unequal distribution of income in developing countries​
Colt1911 [192]

Answer:

the answer is because it would never be equal

Explanation:

6 0
3 years ago
Read 2 more answers
What osi layer encrypts data sent from network​
Lelechka [254]
The sixth OSI layer.
It formats and encrypts data that gets sent across a network.
Can also be called the syntax layer.
5 0
3 years ago
Which of the following statement(s) is(are) true regarding the selection of a portfolio from those that lie on the capital alloc
Mice21 [21]

Answer:II) More risk-averse investors will invest less in the optimal risky portfolio and more in the risk-free security than less risk-averse investors. III) Investors choose the portfolio that maximizes their expected utility.

Explanation:The capital allocation line is a line created in a graph by investors in an economy to display or identify the potential risks involved in taking risky decisions. This line is one the determining factors to ensure that the investor has adequate knowledge about the risky nature of a capital investment.

Investors generally choose portfolios that guarantee maximum profits with reduced chances of loss. More risk averse investor will choose or opt for less risky portfolio.

4 0
2 years ago
Other questions:
  • Which one of these statements about the service portfolio is correct?
    11·1 answer
  • True or false, statistics are procedures used to organize, summarize, and communicate information
    7·1 answer
  • If interest rates rise, what will typically happen to bond prices? Rise, fall, stay the same, or is there no relationship?
    13·1 answer
  • Six years ago, James Corporation sold a $100 million bond issue to expand its facilities. Each debenture has a $1,000 par value,
    9·1 answer
  • What price must a company typically pay to buy another company? The price will: 1. include some premium over the current market
    13·1 answer
  • My company is Walt Disney. I’m suppose to record down the prices 2x a week so can u guys give me an example of how to calculate
    7·1 answer
  • Jim makes a contract with Oleta to sell her a 1965 lava lamp once owned by a famous artist. Jim later decides that he does not w
    13·1 answer
  • Atom Endeavour Co. issued $39 million face amount of 8.1% bonds when market interest rates were 8.03% for bonds of similar risk
    9·1 answer
  • . In January, Vorst Co. purchased a mineral mine for $2,640,000 with an estimated 1,200,000 of removable ore. After it has extra
    11·1 answer
  • The revenue manager at the 133-room Big Bluff Bunkhouse Hotel noticed that, based on information from the past several years, th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!