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Kruka [31]
3 years ago
11

Baker Mfg Inc. wishes to compare its inventory turnover to those of industry​ leaders, who have turnover of about 13 times per y

ear and 8​% of their assets invested in inventory. Baker Mfg. Inc. Net Revenue ​$27,500 Cost of sales ​$21,320 Inventory ​$1,230 Total assets ​$17,500 (​a) What is​ Baker's inventory​ turnover? nothing times per year ​(round your response to two decimal​ places).
Business
1 answer:
frosja888 [35]3 years ago
6 0

Answer:

The Baker's inventory​ turnover is 17.33 times

Explanation:

Inventory Turnover: It is a ratio which shows a relationship between the cost of goods sold and the average inventory

For computing the inventory turnover ratio, we have to apply the formula which is shown below:

Inventory turnover ratio = Cost of sales ÷ inventory

                                        = $21,320 ÷ $1,230

                                        = 17.33 times

The other items which are mentioned in the question are not considered. Hence, these are ignored.

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A garment manufacturing company makes 380,000 articles per year. Each article takes 95 minutes of direct labor at the rate of $9
ANTONII [103]

Answer:

The maximum amount the company should pay for the new machine is $1,567,500 if it wants to break even by the end of the first year

Explanation:

Number of article (N) = 380.000

Time for each articles (T) = 95 minutes = 1.583 hours

Direct Labour Cost (D1) = $9 per hour

Overhead Cost (O1)= $7.50 per direct labour hour

Total cost for labour(C)=   D1 + O1= $16.50 per hour

Selling price of articles(S1) = $80 per article

- Cost of Production (P1)= N * T * C

= 380,000 * 1.583 * 16.50

=$9,925,410

-Total amount got by selling (S) = N * S1

=380,000 * 80

=$30,400,000

Profit in this process (R1) = S - P1

=30,400,000 - 9,925,410

=$20,474,590 per year

-Time for each article with new machines (T)= 95 - 15 = 80 minute = 1.333 hour

-Cost for production (P2)= N * T * C

=380,000 * 1.333 * 16.50

=$8,357,910

Profit in this Process(R2)= S-P2=

=30,400,000 - 8,357,910

=$22,042,090 per year

Net Profit gain by new machine = R2 - R1

=$22,042,090 - $20,474,590

=$1,567,500 per year

The maximum amount the company should pay for the new machine is $1,567,500 if it wants to break even by the end of the first year

6 0
3 years ago
Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property
Ludmilka [50]

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

3 0
2 years ago
The biggest factor in determining the price of a mortgage is:
xeze [42]
I'd say your answer would be the interest rate so A
5 0
3 years ago
Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been
docker41 [41]

Answer:

Date General Journal            Debit ($)    Credit ($)

July 31 Fees Earned                    520,400    

               Wages Expense                          488,000  

               Rent Expense                                    65,000  

               Supplies Expense                              11,200  

               Miscellaneous Expense             13,900  

               Marlena Fenton, Capital            (57,700)

(To close Revenue and Expense accounts)    

July 31 Marlena Fenton, Capital 11,000  

               Marlena Fenton, Drawing             11,000

Explanation:

Marlena Fenton, Capital = $880,000

Marlena Fenton, Drawing = $11,000

Fees Earned = $520,400

Wages Expense = $488,000

Rent Expense = $65,000

Supplies Expense = $11,200

Miscellaneous Expense = $13,900

Marlena Fenton, Capital =  $520,400  -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)

7 0
3 years ago
A company has large number of employees who have various roles and responsibilities. many times the company has encountered situ
Dennis_Churaev [7]

The answer to the question is the least privilege policy.

The least privilege policy refers to a concept in computer security where users in a computer network are limited in terms of their ability to access things in the network according to the level of access needed for them to do their job. Thus, a person who works in Finance for example, would have a higher level of access compared to someone who works in Operations.  

5 0
3 years ago
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