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notsponge [240]
3 years ago
9

During a six month period, a department had planned sales of $75,000 and planned turnover of 2.6. Using the Basic Stock Method,

determine the BOM stock for February, if planned sales for February are $10,500.
Business
1 answer:
Brums [2.3K]3 years ago
6 0

Answer:

the BOM stock is $26,846

Explanation:

The computation of the BOM stock for the feb month is shown below:

But before that following calculations need to be done

Average stock is

= net sales ÷ stock turnover

= $75,000 ÷ 2.6

= $28,846

Now the basic stock is

= Average stock - monthly sales

= $28,846 - ($75,000 ÷ 6)

= $16,346

And, finally BOM stock is

= Planned sales + basic stock

= $10,500 + $16,346

= $26,846

hence, the BOM stock is $26,846

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Read this selection from the opening of an application message, and then answer the corresponding question.
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Juan purchased a property for $420,000 and financed $336,000 of it. The assessed value of the property is $387,000. The property
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3 years ago
Top management of Drexel-Hall is considering closing Store 3. The three stores are close enough together that management estimat
Zarrin [17]

Answer:

Compute the increase or decrease that closing Store 3 should cause in: a. Total monthly sales for Drexel-Hall stores.

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b. The monthly responsibility margin of Stores 1 and 2.

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c. The company’s monthly income from operations.

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Explanation:

                                                Store                 Store                Total                                          

                                                   1                         2

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Variable costs                          $409,200          $453,600        $862,800

Contribution margin                $250,800          $266,400         $517,200

Controllable fixed costs           $120,000          $102,000        $222,000

Performance margin                $130,800           $164,600        $292,200

Committed fixed costs              $48,000            $66,000         $114,000

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Common fixed costs                                                                    $38,000

Income from operations                                                             $140,200

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Answer:

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