Inventory turns ProofSmart Inc., a supplier of home insulation materials, was burned down in a recent fire. From the remains of what used to be the accounting ledger, the following information was recovered: 2012 $2,418,257 45% (unreadable) Inventory Gross Margin Inventory Turns 2011 $2,367321 13 Prior to the fire, ProofSmart saw a sales growth of 15% in 2012, a record performance for the 18 year-old company. What was the sales for 2012? NOTE: Gross margin is defined as 1-(COGS/ Sales).
Q: Problem 7-17 (pg 279) Using the following equations, graph the constraints and solve using the…
A: Steps to solve the graphical problem:- Equalize each constraint and determine the values of x1 and…
Q: in what ways marriot in St. Kitts has budget for resort facilities and comply with international…
A: Introduction: Marriott in St. Kitts is a luxurious resort that offers world-class facilities and…
Q: Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time,…
A: Given: Arrival rate (λ) = 3 per 8 hr = 3/8 = 0.375 per hr Service rate (μ) =1 per 2 hrs =1/2 = 0.5…
Q: (a) What is the break-even point for the number of luxury boxes in the new stadium? (= (b)…
A: Break-even refers to the point at which a business or project generates enough revenue to cover all…
Q: On Monday, you have lunch with your co-workers and good friends, John and Marty. John shares with…
A: You could suggest to your boss that more objective criteria be used to evaluate employees'…
Q: It is feasible to transform a traditional firm into an online venture (any industry or area may be…
A: Yes, it is definitely feasible to transform traditional firm into an online venture. In fact, many…
Q: Globe Industries is a multinational tech company specializing in e-commerce, cloud computing and…
A: As the project manager, the first step in carrying out a customer interface platform system upgrade…
Q: How can a company ensure ethical and sustainable practices in its global supply chain, particularly…
A: Sustainable supply chain management is defined as the management of material, information and…
Q: What is the probability that the project will take less than 42 weeks ? (Show work/ explain…
A: Given: Duration of the critical path (mu) = 40 The variance of the project (v) = 11.61 Duration for…
Q: Answer the given question with a proper explanation and step-by-step solution. What are two ways…
A: Introduction: Human resource management (HRM) can impact a company's balanced scorecard in several…
Q: A summary of project management template files, including an explanation of how they benefit team…
A: Introduction: Project management template files are pre-formatted documents that contain standard…
Q: A producer of furniture has to make the decision about the production planning for 2 of its…
A: Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…
Q: Enlist and explain the prominent characteristics of reconfigurable manufacturing systems. How it is…
A: Here, I would describe the prominent characteristics of reconfigurable manufacturing systems, next,…
Q: Use of a performance tuning instrument in a real-world example of evaluating effectiveness?
A: Below is the example of how a performance tuning instrument can be used to evaluate the…
Q: Draw a precedence diagram. b. What cycle time would provide the desired output? c. What is the…
A: Project schedule helps in calculating different values related to the production cycle like the…
Q: Talk about your thoughts around the dangers of assuming during the business definition phase. What…
A: Each project's success depends on clearly grasping its goals, specifications, and limitations. At…
Q: A commercial facility employs 1,090 people and they are to eat in two equal 45 minute lunch breaks.…
A: Given that, Commercial facility employs 1,090 people and they are to eat in two equal 45 minute…
Q: Explain the role that a WBS may play in avoiding unnecessary expansion of the project's scope.
A: A Work Breakdown Structure (WBS) is a hierarchical model of the project deliverables and work…
Q: The major automakers aim to invest millions on electric car product and manufacturing process…
A: The major automakers are investing heavily in electric car product and manufacturing process…
Q: List and discuss with example any differenece in cvatering to international tourism vs domestic…
A: Tourism can be defined as travel for personal or work purposes. Domestic tourism will be tourism…
Q: The least-squares regression equation that shows the best relationship between demand and period is…
A: here, for each period, I have been given the actual demand data, I would apply the least square…
Q: Suppose your manager presents you with the following information about machines that could be used…
A: Given: Machine Cost per unit($) Standard Deviation (mm) Specification Width(mm) A 12 0.062 0.48…
Q: OPERATIONS MANAGEMENT (just revise the answers every bullet) •Mega sardines are the focus of the…
A: The initial response appears to update some previously written operations management responses.…
Q: What are quality standards and how to guarantee your company has reached them?
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: Graph the system of inequalities. x+y≤5 x-y≤6 Use the graphing tool on the right to graph the system…
A: To graph: The system of inequality. Given: The system of inequality is x+y≤5 and x-y≤6. Process of…
Q: Which of the following best describes dispute resolution through a mediator? A) A process where a…
A: The below statement best describes dispute resolution through a mediator.
Q: Discuss the following techniques for environmental analysis: I. PEST II. Porters five forces model…
A: Environmental analysis is the process of analyzing the external and internal factors that can impact…
Q: Account for the dominance of large companies in diamond and gold mining in Kimberly and the…
A: The diamond and gold mining industry consist of business entities that are involved in the process…
Q: The type of layout in which workers, materials, and equipment are moved to the product as needed is:
A: In the process layout, functions with similar activities are grouped together. A batch layout is…
Q: x=3001 +252 8.t. 21 +2 1 + x2 #1 1, 2 Decide if this is a normal max LP (but I decided not to ask)…
A: Given LP- Max Z = 3x1 + 2x2Subject to-2x1 + x2≤100x1 + x2≤80x1≤40x1 ,x2≥0
Q: kindly do question 5 & 6 pls. thx Kiko Teddy Bear is a manufacturer of stuffed teddy bears. Kiko…
A: Precedence diagram:
Q: 3. SCM301 Warehouse takes orders from 7 a.m. to 7 p.m. The manager wants to analyze the process and…
A: Find the Calculations below:
Q: What are the key challenges and solutions in developing and deploying machine learning models at…
A: Developing and deploying machine learning models at scale in production environments can be…
Q: 1. How would you define a project? 2. Give an example of a project found in Botswana, and provide a…
A: Below are the answers for given questions:
Q: Negotiation is an important stage in any procurement activitiy. Examine situations where buyer’s…
A: Buyer’s negotiation power can be strong in several situations, some of which are:
Q: Make a list of ideas for a home office that may be used for telecommuting.
A: Below are the list of ideas for a home office that may be used for telecommuting:
Q: A training needs assessment establishes the framework for determining the genuine need of a firm.…
A: A worker's current skill and knowledge levels may be determined via a training needs analysis. The…
Q: Drill Problem 7-2 (Algo) [LU 7-1 (4))] Complete the following table: (Do not round net price…
A: Given- Item List Price Chain Discount Samsung Blu-ray Player $199 8/6/3
Q: If you were a student interested in pursuing a career in project management, how important do you…
A: The Project Manager job incorporates the accompanying undertakings: Assessing and submitting…
Q: In addition to added room revenue and potential costs, what are other factors Tonya should consider…
A: Three other factors Tonya should consider when making the overbook/no-overbook decision are:
Q: Use the decreasing time algorithm to create a priority list for the digraph below, then schedule the…
A: Based on the given digraph we have to first find the critical time for each vertex.Critical Time for…
Q: 5. Solve for the scheduling data for the following site improvement project. Compute the relevant…
A: A network diagram shows the sequence of the various tasks that are connected to complete a project.…
Q: Directive: Strategic decisions set precedents for lesser decisions and future actions throughout an…
A: The directed decision-making approach makes use of swift judgment to reach a conclusion. A directive…
Q: ist three ways that you could use to coordinate and communicate quality responsibilities with…
A: Projects succeed provided that your teams have serious areas of strength for is project teams areas…
Q: How well is Apple positioned to compete in the global streaming market as of mid-2020? What do you…
A: In operations management, the major focus revolves around the efficient and efficient utilization of…
Q: Concord Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers:…
A: The traditional costing method is a method of dispensing circuitous expenses for items or…
Q: Training and development program have numerous advantages. Explain FIVE purposes of training and…
A: It's a standard feature of most workplace performance management programs. It is the responsibility…
Q: At Golf Co. product is automated to load golf balls into packaging. On an average day, the equipment…
A: Production is the combination of the inputs to have the required output. It includes various tools,…
Q: The two general approaches to forecasting are: O historical and associative. O judgmental and…
A: Qualitative forecasting: This approach involves using subjective judgments, opinions, and expert…
Q: The following data is specified in a supply chain contract. P = 68, LMin = 6, QMin = 300, Alpha =…
A: Given that: Z_alpha is the standard normal deviate for the specified alpha level (0.05 in this…
Trending now
This is a popular solution!
Step by step
Solved in 5 steps
- can you please help me answer this question.... Rebar Company prepared the following analysis of its year-end inventory on December 31. First, determine the total lower of cost or market value for each product in Rebar Company's inventory. Second, prepare the journal entry needed at year-end to value the inventory at LCM, if applicable. Historical Cost Replacement Cost Product Quantity per unit per unit A 17 $430 $499 B 140 325 299 C 38 75 69You are given the following information regarding sales and inventory levels over time for your firm Year 2010 Sales $12,502.00 $13,456.00 $17.945.00 $15,326.00 $14,464.00 Given this information, determine the level of safety stock that the firm holds. 2011 2012 2013 2014 $1.131.72 $1.193.09 $1,254.46 O$1,070.35 O $1.008.98 Inventory $6,855.36 $7 282 75 $9,249.02 $8.120.51 $7.734.33Your new company has decided to use a periodic reviewsystem. You have learned that average weekly demand is 48units per week with a standard deviation of 8 units. You believethat your cycle-service level should be 94 percent. Lead timeis two weeks. Initially, you believe that you should do a reviewevery Friday. Determine the required safety stock and the targetinventory level.(a) How would this procedure change if the cycle-servicelevel needed to be 98 percent?(b) What is the impact of changing the review period fromevery Friday to every other Friday, assuming that thecycle-service level is 94 percent?
- Kelley, Inc. provided the following account balances for 2018: Cost of Goods Sold (Cost of sales) Beginning Merchandise Inventory Ending Merchandise Inventory $1,300,000 330,000 350.000 Calculate the average number of days that inventory was held by Kelley, Inc. during 2018. (Assume 365 days in a year. Round your intermediate calculations and final answer to two decimal places.) O A. 191.10 days O B. 92.64 days O C. 95.55 days O D. 98.38 daysIn determining open-to-buy, what is subtracted from planned purchases? O On hand On order EOM stock BOM stock Question 37 Your department is planning a 10 percent increase in sales for the entire three- month period (February-April). Sales for the period last year were $19,000. Fifty percent of the total planned sales are projected to occur in March, and 25 percent of sales are planned to occur in each of the other two months. Planned stock-sales ratio for each month is 2.0. Total planned reductions for the period are 5 percent of planned sales. Reductions are projected to occur for each month as follows: February (10 percent), March (40 percent), and April (50 percent). An ending inventory of $5,000 is planned for the period. PLANNED PURCHASES FOR FEBRUARY ARE: O $24,200 O $15.779 O None (overbought). $10.895.50Joe, the owner of Genuine Reproductions (GR), a companythat manufactures reproduction furniture, is interested inmeasuring inventory eff ectiveness. Last year the cost of goodssold at GR was $3,000,000. Th e average inventory in dollars was$250,000.(a) Calculate the inventory turnover for GR.(b) Calculate the weeks of supply. Assume 52 weeks per year.(c) Calculate the days of supply. Assume that GR operates5 days per week.
- Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. Baker Mfg. Inc. Net Revenue $27,500 Cost of sales $20,000 Inventory $1,210 Total assets $16,880 Part 2 a) What is Baker's inventory turnover? _______ times per year (round your response to two decimal places). Part 3 b) What is Baker's percentage of assets committed to inventory? __________% (enter your response as a percentage rounded to two decimal places). Part 4 c) How does Baker's performance compare to the industry leaders? ▼ Better? In line with industry? Worse?T Corp gave inventory (winter coats) away to a charity that helps the needy. It's basis in the inventory was $5,000, and the value was $18,000. Determine the dollar amount of the donation for tax purposes. $5,000. $10,000. $11,500. $18,000.Mr. Waleed is running furniture manufacturing business. He required raw material on regular basis.He uses the best suitable methods of purchasing of material.He tried to used preparation of inventor budgets, perpetual inventory system, just-in- time, ABC analysis but none of the above suited to his business.Once he had to stop his production, when he was using Just-In- Time purchasing method. One day Mr.Waleed explain all the cost details to his cost accountant as follows: The normal usage was 50 Units.In case of low demand his minimum usage was only 25 units. During high demand time Mr. Waleed used to purchase 75 units.Mainly he required two types of raw material like Material 1 and Material 2, His reorder quantity for Martial 1 was 300 Units & For Material 2 was 500 Units.His cost accountant told him that they need 40 Units as average. Mr. Waleed was very good at planning, but in case of emergency he used to wait 1 day for material 1 and 2 days for material 2 to get…
- Baker Mfg Inc. wishes to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. Baker Mfg. Inc. Net Revenue Cost of sales Inventory Total assets $27,500 $19,650 $1,300 $17,790 a) What is Baker's inventory turnover? times per year (round your response to two decimal places). b) What is Baker's percentage of assets committed to inventory? % (enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders? Better In Line with Industry WorseSpecialty Toys, Inc., sells a variety of new and innovative children’s toys. Management learned that thepreholiday season is the best time to introduce a new toy, because many families use this time to look fornew ideas for December holiday gifts. When Specialty discovers a new toy with good market potential, itchooses an October market entry date.In order to get toys in its stores by October, Specialty places one-time orders with itsmanufacturers in June or July of each year. Demand for children’s toys can be highly volatile. If a newtoy catches on, a sense of shortage in the marketplace often increases the demand to high levels and largeprofits can be realized. However, new toys can also flop, leaving Specialty stuck with high levels ofinventory that must be sold at reduced prices. The most important question the company faces is decidinghow many units of a new toy should be purchased to meet anticipated sales demand. If too few arepurchased, sales will be lost; if too many are…Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets $16,320 $14,150 $990 $8,490 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What percentage of Arrow's assets are committed to inventory?% (enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is