Given the following information: 2022 2021 Ending inventory $52,650 $20,490 Cost of goods sold. $306,300 $213,600 What is average days in inventory for 2022? 24 days 35 days 44 days 90 days
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Given the following information:
2022 2021
Ending inventory $52,650 $20,490
Cost of goods sold. $306,300 $213,600
What is average days in inventory for 2022?
24 days
35 days
44 days
90 days
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- Q2) 3. What is long range plan?3. Your independent oil and gas company is considering the purchase at time zero of a 100 % working interest in a property. If you elect to develop the lease for an 87.5% revenue interest, the following costs will be incurred: in time zero, the lease bonus cost is $100,00o, intangible drilling costs are estimated at $550,000 while tangible completion costs are estimated at $300,000. Operating costs are estimated to remain constant at $8.00 per barrel (includes production costs, severance taxes and ad-valorem taxes) in each of years 1, 2, 3 and 4. Oil prices are forecasted to be $50.00 per barrel in each of years 1, 2, 3, and 4. Production is summarized in the following table. The escalated dollar minimum rate of return is 12.0%. Use net present value analysis to determine if the acquisition and development of this lease is economically viable: (a) Before considering income taxes, (b) Assuming income tax rate of 30%. (Expense 100% of intangible drilling costs at the end of first year,…Q7. The president of Rose Bowl Enterprises, Desmond Howard, projects the firms aggregate DEMAND requirements over the next 8 months as follows: These are the monthly DEMAND, not production. MONTH JAN FEB MAR APR MAY JUN JULY AUG DEMAND 1,400 1,600 1,800 1,800 2,200 2,200 1,800 1,800 PRODUCTION 1,600 from December INVENTORY 200 from Dec plus 200 His operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle time costs. The plan is called plan A. Plan A: Vary the workforce level to execute a strategy that produces the quantity demanded in the prior month. The December demand was given as 1,600 units per month. Therefore, the production for JAN will be 1,600. However, only 1,400 are needed. Therefore, the extra 200 produced go into inventory and there is a holding cost for inventory. Also, per the above, you already have 200 units in inventory…
- Question 2 - Rohe (Hong Kong) Ltd is a pharmaceutical company which manufactures and supplies various drugs for drug stores in Asia. Currently, Rohe (Hong Kong) Ltd has four factories A, B, C and D. Management has decided to build a new factory at a location central to these factories. Information regarding the yearly demands and the map coordinates for the four factories are shown in below table. Factories e Demand e x-coord- 9,000- y-coorde A- 20e 130e Be 3,000 60- 404 Ce 5,000- 70- 100- De 16,000- 90 30 (a) Determine the map coordinates of the new factory. (b) Suggest and elaborate TWO other factors that need to consider in the selection of location. eQuestion 3 Regular output capacity is 130 units per month. Regular cost per unit = K600. Overtime cost per unit K900. Beginning inventory is 0 units. We have the forecast of engine demand shown below: a) Develop a chase plan that matches the forecast. Calculate the cost of the plan. b) Develop a level plan that uses inventory to absorb fluctuations. Compare the costs of the level plan to the costs of the chase plan from Part (a). Inventory carrying cost per unit per month = 20. Backlog cost per unit per month = K900. There should be no backlog in the final month. Month Forecast 1 120 2 3 135 140 4 120 End of assignment 1 5 125 6 125 7 140 = 8 135 Total 1,040Question 3 Regular output capacity is 130 units per month. Regular cost per unit = K600. Overtime cost per unit = K900. Beginning inventory is 0 units. We have the forecast of engine demand shown below: a) Develop a chase plan that matches the forecast. Calculate the cost of the plan. b) Develop a level plan that uses inventory to absorb fluctuations. Compare the costs of the level plan to the costs of the chase plan from Part (a). Inventory carrying cost per unit per month = 20. Backlog cost per unit per month = K900. There should be no backlog in the final month. Month Forecast 1 120 2 135 3 140 4 120 5 125 6 125 7 140 8 Total 135 1,040
- Q18 Describe the type of resources needed for different types of events.APP Trial and Error Given the following information: Quarter Demand 2 9,000 3 10,200 4 3,300 Regular Prod. Capacity = 7,225 units/qtr Regular Prod. Cost = $12/unit Overtime Prod. Capacity = 2,000 units/qtr Overtime Prod. Cost = $17/unit Subcontracting Capacity = 10,000 units/qtr Subcontracting Cost = $22/unit Inventory Cost = $5/unit/qtr Beginning Inventory = 0 units Backordering Cost = $12/unit/qtr Beginning workforce = 50 workers Hiring Cost = $2000/worker Production rate/worker = 200 units/qtr Firing Cost = $5000/worker Develop a Production Plan using Level Production with Overtime and Subcontracting Strategies. A) How many units will be…Problem 1 The following information applies to the City View Restaurant. May 1 Food inventory value: $73,480 bnl de May 31 Food inventory value: $77,550 bonen Cost of food used during May $386,410 1. What is the inventory turnover rate for food products for the City View Restaurant? 2. What does the answer (inventory turnover ratio) in question 1 mean?
- Q 1: A sales manager is planning a business tour from city A to city B. He intend to cover one town from each of the company's different marketing zones on the route. The network shows three intermediate stages and three possible choices of route at all but the last stage. The travel time between the two cities inclusive of working time is given. Which intermediate cities should he visit to minimize the time required to go from A to H? B E 3. 7 7 6. 7 5 H 10 6. 3 DQuestion and Observe: At what level of demand (number of units) per year would these two alternatives be equal? Graphically represent these two alternatives and their tradeoff point.FAST PLZ 28-When revenue equals expenses, the result is : Loss Zero cash balance Profit No profit no loss