Raytheon Co. has $4139 (million) worth of inventory and their COGS are $16,860 (million). Their average holding cost per unit per yearis $4075 What is the average inventory cost per unit for Raytheon Co?Instruction Round your answer to the nearest $0.01The average inventory cost per untwhat is the average inventory cost pee unit?

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Answered: Raytheon Co. has $4139 (milion) worth…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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what effect has inventory management (as separate from increasing sales) on cash? Why/how can inventory management be critical? Investigate the costs of owning inventory.
Staples buys printer cartridges for $20. The demand for the cartridges is 300 per month. Staples incurs a fixed cost for managing the cartridges of $100. Their annual holding cost is 20%. Calculate Inventory turns per year Number of orders Staples makes per year.
When inventory costs are falling over time and inventory volumes are steadyor increasing, which of the following inventory measurement systems givesthe lowest profit figures for the first year of trading?a) Weighted average costb) First in first out (FIFO)c) Last in first out (LIFO)d) None of the above – they all give the same profit figures
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. a) What is Baker's inventory turnover? Cost of Sales Inventory Inventory Turnover = b) What is Baker's percentage of assets committed to inventory? Inventory Total Assets Net Revenue Cost of sales Inventory Total assets = 16.25 times per year (round your response to two decimal places) Percentage of Assets Committed to Inventory = $27,500 $19,890 $1,224 $17,403 x 100% = 7.03% (enter your response as a percentage rounded to two decimal places). c) How does Baker's performance compare to the industry leaders? You already determined that Baker has a turnover of 16.25 versus 13 for the industry and 7.03% of its assets invested in inventory versus 8% for the industry. Using inventory turnover as a measure of supply chain performance, Baker's performance is
Arrow Distributing Corp. likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue $16,100 Cost of sales $12,450 Inventory $1,100 Total assets $8,460 Part 2 a) What is its weeks of supply? enter your response here weeks (round your response to two decimal places). Part 3 b) What percentage of Arrow's assets are committed to inventory? enter your response here% (enter your response as a percentage rounded to two decimal places). Part 4 c) What is Arrow's inventory turnover? enter your response here times per year (round your response to two decimal places). Part 5 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 ▼ worse the same better .
The following table shows financial data (year 2009) for two US retailers: Save-A-Lot Retailers and Wally’s Mart. Assume that both companies have an average annual holding cost rate of 20% (i.e. it costs both retailers $2 to hold an item for one entire year that they procured for $10). *Refer to attached image* How much lower, on average, is the inventory cost for Save-A-Lot compared to Wally’s Mart of a household cleaner valued at $50 COGS? Give your answer in terms of dollars. Assume that the unit cost of the household cleaner is the same for both companies and that the price and the inventory turns of an item are independent.
Summarise the 5 advantages and 5 disadvantages of holding inventory
Explain the conditions must exist for good inventory management ?
What are the requirements for effective inventory management?
Regardless of the size of an organisation, having a proper inventory management system is very important for any business. It can help an organisation keep track of all supplies and determine the exact prices. It can also help assist an organisation manage sudden changes in demand without sacrificing customer experience or product quality. In an essay, you are required to analyse inventory management at Ikea.Comment on whether you believe Ikea should make use of the ABC analysis of inventory classification. Justify your stance by discussing at least three key points.Evaluate factors impacting the future of procurement in relation to Ikea such as the fourth industrial revolution.
What are the shortcomings in every company's inventory management? And how a business should deal with it.
What is the distinction between the terms "flow" and "stock"?

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Raytheon Co. has $4139 (milion) worth of inventory and their COGS are $16,860 imillion). Their average holding cost per unit per year is $40 75. What is the average inventory cost per unit for Raytheon Co? Instruction Round your answer to the nearest $0.01 The average inventory cost per unt