Answer:
desired ending finished goods units less beginning finished goods units.
Explanation:
production budget can be regarded as budget that gives the calculation of the number of units of particular products which is needed to be manufactured, this is comprises the sales forecast as well as amount of finished goods inventory that is planned to have on hand.
It should be noted that the formula for the production budget is desired ending finished goods units less beginning finished goods units..
Answer:
What was Organic Grocers' inventory turnover
ORGANIC
11,58 INVENTORY TURNOVER
Explanation:
The Organic company compared with the industry works with more inventory than the market, which means that the company is less efficient than the Grocery Industry in Inventory management .
ORGANIC
11,58 INVENTORY TURNOVER
11.680,000 Cost Of Goods
1.008,880 Average Inventory
32 DAYS IN INVENTORY
To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year ($1,008,880) , take the Total Cost of Goods ($11,680,000) and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 11,58
To find the days in inventory we have to divide 365 (days of the year) by the Inventory Turnover, 11,58 the result is 32 days.
To have a similar Inventory Turnover as the industry the company needs to low the average inventory to $898,524.
ORGANIC
13,00 INVENTORY TURNOVER
11.680,000 Cost Of Goods
898,524 Average Inventory
28 DAYS IN INVENTORY
Yes. Collective bargaining is negotiation of wages working conditions by an organized group of employees (often called a union). The union representatives meet with the employer/employer's representatives to negotiate terms.
