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disa [49]
3 years ago
10

Aegis Industries Inc., is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial s

tatements (in millions): 2012 2013 2014 2015 Net Sales Revenue $ 3,300 $ 2,760 $ 2,090 $ 1,670 Cost of Goods Sold 2,380 2,000 1,560 1,270 Average Inventory 330 280 220 210 Required: 1-a. Calculate the inventory turnover ratio for 2015, 2014, and 2013. 1-b. Calculate the average days to sell inventory for 2015, 2014, and 2013. 2. Is Aegis performing better than its competitor Snow Pack Corporation where the inventory turned over is 5.5 times in 2015 (66.4 days to sell). Both companies use the same inventory costing method (FIFO).
Business
1 answer:
Anettt [7]3 years ago
7 0

Answer:

The calculations are shown below:

Explanation:

The computation is shown below:

As we know that

Inventory turnover ratio is

= Cost of goods sold ÷ Average inventory

So

For year 2015, it is

= $1,270 ÷ $210

= 6.05 times

For year 2014, it is

= $1,560 ÷ $220

= 7.09 times

For year 2013, it is

= $2,000 ÷ $380

= 7.14 times

1-b Average days to sell inventory is computed by considering the

= Total number of days in a year ÷ inventory turnover ratio

So

For year 2015, it is

= 365 ÷ 6.05

= 60.33 days

For year 2014, it is

= 365 ÷ 7.09

= 51.48 days

For year 2013, it is

= 365 ÷ 7.14

= 51.12 days

2. As we can see that the aegis industries inc is performing better than the Snow Pack Corporation as aegis industries has 7.14 times in 2015 as compare to the 5.5 times in 2015  

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Answer:

The correct answer is letter "B": the independent variable.

Explanation:

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In the example,<em> the independent variable is the weight of the boxes</em> and <em>the dependent variables are the adjustable stabilizer settings of the rotary valve on the filling machine in three different production shifts</em>.

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3 years ago
Steve is preparing a market analysis for the joneses and has selected three comparable properties. how many adjustments should s
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For the Joneses, Steve is putting together a market analysis and has chosen three comparable homes. Steve should Zero Adjustment alter the joneses' proper behavior in any way.

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7 0
11 months ago
Petrus Framing's cost formula for its supplies cost is $1,840 per month plus $12 per frame. For the month of March, the company
adoni [48]

Answer:

$84 unfavorable

Explanation:

The computation of the activity variance for supplies cost is shown below:

Supplies cost for the standard one is

= $1,840 + (624 frames × $12 per frame)

= $9,328

And, the supplies cost for the actual one is

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3 years ago
Tidy Limited purchased a new van on January 1, 2018. The van cost $32,000. It has an estimated life of eight years and the estim
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The adjusted balance in the Accumulated Depreciation account at the end of 2019 is <u>$14,000</u>.

<u> Explanation</u>:

<em><u>Given</u></em>:

Cost of van= $32,000

Estimated residual value= $3,200

Straight-line Depreciation Rate= 1/8

                                                = 0.125

Straight-line Depreciation Rate= 12.5%

Declining Balance Rate = 2 ×12.5%

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2 years ago
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<h3>What are the future values?</h3>

The formula for calculating future value:

FV = P (1 + r)^nm

  • FV = Future value
  • P = Present value
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  • m = number of compounding
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Jerry : 11,400 x ( 1 + 0.12/4)^(4 x 5) = 24,978.80

Elaine : 14,400 x (1 + 0.06/2)^(2 x 5) = 19,352.40

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Kramer : 17,400 x (1.10)^5 = 28,022.87

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