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Whitepunk [10]
3 years ago
11

Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance

. The chart shows the financial variables that you will need to perform your task.
Financial Variables
Total Assets (in $ billions) 15.1
Cost of Goods Sold (in $ billions) 14.3
Inventory:
Raw Material Inventory (in $ billions) 0.76
Work-in-progress Inventory (in $ billions) 0.12
Finished Goods Inventory (in $ billions) 0.82

Compute the percentage of assets committed to inventory and inventory turnover.
Business
1 answer:
Naily [24]3 years ago
3 0

Answer:

Percentage of assets in inventory = 11.26%

Inventory turnover = 8.41 times

Explanation:

The computation of the percentage of assets committed to inventory and inventory turnover is shown below:-

Total inventory = Raw material + Work in progress + Finished goods inventory

= $0.76 billion + $0.12 billion + $0.82 billion

= $1.7 billion

Percentage of assets in inventory = Total inventory ÷ Total assets

= $1.7 ÷ $15.1

= 11.26%

Inventory turnover = Cost of goods sold ÷ Total inventory

= $14.3 ÷ $1.7

= 8.41 times

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The ethical codes that tell employees what behavior is expected of them and establish the punishment for any violations are call
Vilka [71]
<h2>Compliance-based ethical codes that tell employee what behavior is expected of them and establish the punishment for any violations</h2>

Explanation:

Compliance-based ethical code

  • Follow laws
  • Follow rules and regulations
  • Avoid legal complaints
  • This always focus on prevention, early detection of violation
  • Will empower legal counsel
  • State of being in accordance with established guidelines
  • These are the rules attached to the employees
  • The rules, laws and regulation might be as follows

              1. Non-Disclosure agreement

              2. Behavior especially towards women employee

              3. Timings and other administrative procedures

              4. Any other which might create a legal issue

3 0
3 years ago
On January 1, Kirk Corporation had total assets of $851,000. During the month, the following activities occurred: Kirk Corporati
White raven [17]

Answer:

Ending balance of assets is $ 857,100

Explanation:

Computation of total assets of Kirk Corporation

Opening Assets                                                            $ 851,000

Purchase of equipment                                               $      6,100

Purchase of supplies for cash                                     $            0

Sale of land at cost                                                       $            0

Agreement for storage space                                     <u>$             0</u>

Ending balance Assets                                                $ 857,100

Purchase of equipment on credit increases assets

Purchase of supplies for cash is neutral. Supplies ( considered as included in inventory) is paid in cash asset increases and decreases

Sale of land at cost is also neutral for asset purposes

Agreement to rent storage space is not an executed transaction

8 0
3 years ago
An account that earns interest and is used to meet financial goals is a?
Troyanec [42]

Answer: Savings account

Explanation:

5 0
3 years ago
Maverick law office currently orders ink refills 120 units at a time. The firm estimates that carrying cost is 40% of the $10 un
dmitriy555 [2]

Answer:

Economic order quantity (EOQ)= 49 units

Explanation:

Giving the following information:

Demand= 480 units per year

Order cost= $10

Holding cost= 10*0.4= $4

<u>Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.</u>

Economic order quantity (EOQ)= √[(2*D*S)/H]

D= Demand in units

S= Order cost

H= Holding cost

Economic order quantity (EOQ)= √[(2*480*10) / 4]

Economic order quantity (EOQ)= √(2,400)

Economic order quantity (EOQ)= 49 units

8 0
3 years ago
What would happen if one of the factors of production was missing
dmitriy555 [2]
Production would cease. i hope this helps you (;
7 0
3 years ago
Read 2 more answers
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