Answer:
Pronghorn Inc.
Inventory Turnover = 7 times
Days in inventory = 52.14 days
Gross profit rate = 47.86%
Explanation:
a) Data and Calculations:
Beginning inventory $10,620
Ending inventory 13,430
Average inventory = $12,025 ($10,620 + $13,430)/2
Cost of goods sold 84,175
Sales 146,100
Gross profit = $69,925 ($146,100 - $84,175)
Inventory Turnover = Cost of Goods Sold/Average Inventory
= $84,175/$12,025
= 7 times
Days in inventory = 365/7 = 52.14 days
Gross profit rate = Gross profit/Sales * 100
= $69,925/$146,100 * 100
= 47.86%
Answer:
Current ratio for 2022: 0.311
Current ratio for 2021: 0.231
Explanation:
The current ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due. The current ratio is calculated by the following formula:
Current Ratio = Total Current Assets/Total Current Liabilities
In Bob Evans Farms:
Current ratio for 2022 = $80,200/$257,500 = 0.311
Current ratio for 2021 = $71,809/$311,100 = 0.231
A is true.
Debit cards don't provide as much insurance: Credit cards are lending you money, so when a credit card gets stolen, the company wants its money back. They are the ones looking for it. With a debit card, you have to find it or replace the card.
Checks are rarely accepted; cards are widely used.
Debit cards have no interest rates or monthly charges.
Answer:
Concerns exist about supplier capacity for future volume.
Explanation:
The multisourcing is a method in which the supplier base is expanded increasing the actual number of suppliers, because the needs of the company are increasing.
Advantages:
-Alternative sources of materials in case of delivery stoppage by a supplier.
-Reduced probability of bottlenecks due to insufficient production capacity to meet peak demand.
- Increased competition mong suppliers leads to better quality, price, delivery, product innovation and buyer´s negociation power.
-More flexibility to reat to unexpected events that could endanger supplier´s capacity.
Disadvantages:
-Reduced efforts by supplier to match buyer´s requirements.
-Higher cost for the purchasing organization (greater number of orders, telephone calls, records, and so on).
