2. [EXCEL] Operating cycle: Lilly’s Bakery distributes its products to more than 75 restaurants and delis. The company's average collection period is 27 days, and it keeps its inventory for an average of four days. What is Lilly's operating cycle? Please use excel
Q: Buenaflor Bed and Bath uses a continuous review inventory system for a particular brand and size of…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: 4. Wilbur Schuch sells farm chemicals. He is paid a commission of 8% of his first $6000 in sales…
A: Commission % of first 6000 of sales = 8% Commission % of sales over 6000 = 12% Sales = 14,680 Sales…
Q: At what inventory level should an order be placed?
A: Re-order Level is a present level of stock at which a business places a new order with its suppliers…
Q: The Winters Co. has annual sales of £918,700. Cost of goods sold is 55 percent of annual sales and…
A: A supplier is someone or a company that sells or provides a service to some other company.. In a…
Q: 1. You are inventory manager of Diego Supplies Inc. You computed the EOQ to be 500 units. Annual…
A: Since there are multiple questions, we will solve first for you. To get the remaining questions…
Q: A Head Office sends goods to its branch at cost plus 10%. On other sales the Head Office makes a…
A:
Q: 9. Martin Company uses 625 units of a part each year. The cost of placing one order is $8; the cost…
A: Economic order quantity: It can be defined as an optimum level of inventory at which the carry and…
Q: A supermarket uses a supplier for its bottled water. The annual demand for this product is 24000…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: The up towner has sales of $913,400 costs of goods sold of $579,300 inventory of $123,900 and…
A: days the firm takes to sell its inventory assuming that all sales are on credit = Inventory Days =…
Q: Industria del Norte has receivable accounts of $ 42,300, inventory of $ 61,200, sales of $ 544,200,…
A: The number of days to sell all inventory can be ascertained by using the days sales of inventory…
Q: A Club has food sales of $4,000,000 and a food cost of 40%. The club's current ratio is 2, its food…
A: Ratio analysis means where different ratio of various years of years companies has been compared and…
Q: Mario’s Home System has sale of $2,820, costs of goods sold of $2,160, inventory of $504, and…
A: The term inventory refers to both raw materials used in manufacturing and completed goods that are…
Q: Please answer only Part C, numbers 19-21 ABC Corporation resells one type of candle. It has 250…
A: SOLUTION-C -19 IF WE INCLUDE SAFETY STOCK , THE AVERAGE NUMBER OF BOXES IS THE EOQ IS DIVIDED BY 2…
Q: Tim's Technologies is a telecom component manufacturer. The firm typically has a collection period…
A: Operating Cycle = Inventory Period + Accounts Receivable Period
Q: Question 2 Ronamart needs 1000 coffee makers per year. The cost of each coffee maker is $78.…
A: Economic order quantity is the ideal quantity to be ordered which gives the lowest cost of ordering…
Q: [Printer] Assume a large printer manufacturer has 17,000 customers. The company wants t each of…
A: Calculation of Number of Sales persons needed. Step 1 : Total number of minutes required to visit…
Q: A supplier sells Hipoint-brand pens to stationary shops. The annual demand is approximately 24,000…
A: Here in this question we are required to calculate EOQ, ordering cost and carrying cost. Economic…
Q: a) The annual demand for Praise Limited’s inventory is 10,500 units. The item costs GH¢400 a unit to…
A: The formula for EOQ
Q: 8. Sam Rupp is a sales representative for Benton Computer Company. He is paid a commission of 6% on…
A: Sale (S) = $ 85,900 Commission rate up to $ 50,000 sale (C1) = 6% Commission rate over $ 50,000 sale…
Q: PROBLEM 2 The Strawbery Bread Company buys and then sells (as bread) 2.6 million bushels of wheat…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: A supermarket uses a supplier for its bottled water. The annual demand for this product is 24000…
A: Inventory cycle time is determined by dividing the number of working days by the number of orders.…
Q: Ox1. The folowing information nas been extracted from the company's accounting records: All sales…
A: This question is about the cash budget. For the preparation of the cash budget, one needs to add all…
Q: Stage 2 ABC for a Wholesale CompanyInformation is presented for the activity costs of Brighton…
A: Profitability of sales: It is a measure to determine how much of every sales dollar the company is…
Q: Portis, Business requirements $8,000,000 in monthly sales, $5,600,000 in variable expenses, and…
A: It's crucial to understand how to distinguish between fixed and variable expenses when…
Q: 1 A retall has sixteen stores in a region supplied from eight supply sources. Trucks have a capacity…
A: The network that is formed between the company and its suppliers to ensure efficient production and…
Q: 16. ABC transferred merchandise inventory from its home office to its branch and the average gross…
A:
Q: Block, S., Hirt, G., & Danielsen, B. (2017). Foundations of Financial Management. New York, NY:…
A: a)Formula for calculation of EOQ:
Q: Baskin-Robbins is one of the world’s largest specialty ice cream shops. The company offers dozens of…
A:
Q: Cool Stuff, Inc. uses 800 units of a product per year on a continuous basis. The product has…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: INVENTORY MANAGEMENT 1) Lakeside Market sells 848 units of an item priced at $49 each year. The…
A: Since more than one question is posted answer for only first question is provided here. If you need…
Q: . Bulk Wholesalers took in $378,800 in sales during July. They started the month with inventory…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: i. The cost of placing an order. ii. The cost of carrying inventory as a percentage of inventory…
A: The goal of the EOQ formula is to identify the total number of units of the product to be ordered.…
Q: 13. Lucy's Spa and Salon Services Company estimates that it costs $38,000 annually to carry their…
A: Handling costs: It refers to the expenses incurred related to the shipment, transportation, and…
Q: ABC Corporation resells one type of candle. It has 250 working days. Each day, it sells an average…
A: SOLUTION-19 IF WE INCLUDE SAFETY STOCK , THE AVERAGE NUMBER OF BOXES IS THE…
Q: Problem 1. The following pertains to the financial records of SinoTrump Company: Sales Purchases…
A: Lets understand the basics. Management is require to track the cash inflow and cash outflow so that…
Q: 1. A restaurant with 100 seats, serving both lunch and dinner 6 days per week, reported total annual…
A: A
Q: Assume that a company’s Inventory Turnover is 15. What does that mean? It takes about 15 days for…
A: Answer) The correct Option is: Inventories turn over 15 times per year: It is because turnover…
Q: 3. A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year.…
A: a) Computation of Economic order quantity (EOQ) is as follows:Annual demand (D)= 1344 bagsHolding…
Q: 1. A newly opened food chain estimates to serve 200 customers a day, with an average consumption or…
A: Introduction The break even point in a business refers to market value which equals the cost of…
Q: ABC, wholesale, customer protability. Veritek Wholesalers operates at capacity and sells furniture…
A: Activity-based costing (ABC) is a strategy implemented by an organization to accurately identify the…
Q: Samantha Ross is the procurement manager for the headquarters of a large Financial company chain…
A: This question will be solved using the EOQ (Economic Order Quantity). EOQ is the ideal order…
Q: Cafe X bought 20,000 cups for $1,400 when they opened for business last month. At the end of the…
A: Number of cups sold = 20,000 - 7,000 = 13,000
Q: The following inventory date have been established for Warriors Company: Order must be placed in…
A: Lets understand the basics. EOQ is a quantity at which total of ordering cost and carrying cost will…
Q: 4.[EXCEL] Operating cycle: Lilly’s Bakery distributes its products to more than 75 restaurants and…
A: Average collection period = 27 Days Average days in inventory (Average inventory period)= 4days
2. [EXCEL] Operating cycle: Lilly’s Bakery distributes its products to more than 75 restaurants and delis. The company's average collection period is 27 days, and it keeps its inventory for an average of four days. What is Lilly's operating cycle? Please use excel
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- 4.[EXCEL] Operating cycle: Lilly’s Bakery distributes its products to more than 75 restaurants and delis. The company's average collection period is 27 days, and it keeps its inventory for an average of four days. What is Lilly's operating cycle?CC2) La Reina de Oriente, S.A., a company that sells sausages, knows that it pays its suppliers 10 times a year. To determine the average collection period it is known that the annual sales of the company were $5'183,220.00, of which 70% are on credit and the average balance of customers is $382,982.37, that is to say it is necessary to calculate the turnover of accounts receivable; and the average age of inventory is based on the inventory turnover, whose data to calculate it as the previous one are: Average inventory 153,192.95 and its annual cost of sales amounts to $1'002,716.78. The company spends about $12.5 million in operating cycle investments. It plans to make modifications to its policies so that it can reduce its PPC by 5 days, and its EPI by one (before converting it to days). Negotiations with your supplier to extend payment terms have not been successful. With these data you have to calculate: 5) The operating cycle.6) The cash conversion cycle.7) Cash turnover.8) The…PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASCC2) La Reina de Oriente, S.A., a company that sells sausages, knows that it pays its suppliers 10 times a year. To determine the average collection period it is known that the annual sales of the company were $5'183,220.00, of which 70% are on credit and the average balance of customers is $382,982.37, that is to say it is necessary to calculate the turnover of accounts receivable; and the average age of inventory is based on the inventory turnover, whose data to calculate it as the previous one are: Average inventory 153,192.95 and its annual cost of sales amounts to $1'002,716.78. The company spends about $12.5 million in operating cycle investments. It plans to make modifications to its policies so that it can reduce its PPC by 5 days, and its EPI by one (before converting it to days). Negotiations with your supplier to extend payment terms have not been…
- Q5 Libscomb Technologies' annual sales are $6,879,896 and all sales are made on credit, it purchases $3,179,857 of materials each year (and this is its cost of goods sold). Libscomb also has $565,311 of inventory, $545,421 of accounts receivable, and $422,365 of accounts payable. Assume a 365 day year. What is Libscomb’s Operating Cycle (in days)?6. Question 6 The attached 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). How many days, on average, does a product stay in Save-A-Lot’s inventory before it is sold? Assume that stores operate 365 days a year.1. A restaurant with 100 seats, serving both lunch and dinner 6 days per week, reported total annual sales revenue of $998,000. Dinner generates 68% of total sales revenue, with a seat turnover of 1.75. What is the average check for dinner?
- Stage 2 ABC for a Wholesale CompanyInformation is presented for the activity costs of Brighton Wholesale Company: Activity Cost per Unit of Activity Driver Customer relations $82.00 per customer per month Selling 0.09 per sales dollar Accounting 7.00 per order Warehousing 0.60 per unit shipped Packing 0.35 per unit shipped Shipping 0.40 per pound shipped The following information pertains to Brighton Wholesale Company's activities in Colorado for the month of June 2017: Number of orders 320 Sales revenue $218,000 Cost of goods sold $98,100 Number of customers 40 Units shipped 5,400 Pounds shipped 81,000 RequiredDetermine the profitability of sales in Colorado for June 2017.Do not use a negative sign with your answers. Profitability of Sales in Colorado March 2017 Sales revenue Answer Less: Cost of goods sold Answer Customer relations Answer Selling expenses Answer Accounting Answer Warehousing Answer…1. The ordering costs related to a product are P12.50 per order. The cost of carrying one item of inventory for one year is P16. The business sells 40,000 units of the product evenly throughout the year. At EOQ, total ordering costs per year and total carrying costs per year, respectively, must be? 2. Data for Magaling Co.’s material X are as follows; annual usage : 12,600 units; Working days per year : 360 days normal lead time 20 days. The units of Material X are required evenly throughout the year. What is the reorder point?finance Momo's Muffins sold $30,000,000 of product in a year that had a cost of goods sold of $10,000,000. The average inventory carried by Momo's was $500,000. On average, it takes 35 days for Momo's customers, such as grocery stores and restaurants, to pay on their accounts. Momo's buys ingredients, including flour, spices, and eggs, from its vendors on credit, and Momo's takes about 40 days to pay its suppliers. What is Momo's: Inventory Turnover? Inventory Conversion Period? Cash conversion cycle?
- Darden Restaurants, Inc. (DRI) is the largest full-service restaurant company in the world. It operates over 2,200 restaurants under a variety of brand names, including Olive Garden, Bahama Breeze, and LongHorn Steakhouse. Panera Bread Company (PNRA) operates over 1,800 bakery-caf locations across North America. It is one of the largest food service companies in the United States. The cost of food, beverage, and packaging and the beginning and ending inventory balances from recent annual reports for Darden and Panera are as follows (in millions): a. Compute the inventory turnover for both companies. Round calculations to one decimal place. b. Compute the number of days sales in inventory for both companies. Round calculations to one decimal place. c. Which company is more efficient in managing inventory? d. What might explain the difference in the inventory management efficiency of the two companies?CASE 5 Cool Stuff, Inc. uses 800 units of a product per year on a continuous basis. The product has carrying costs of $50 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed and the firm requires a safety stock of 5 days usage in inventory. Required: (PLEASE ANSWER 4 TO 7 ONLY) 4. Determine the number of orders. 5. How much is the total carrying cost? 6. How much is the total ordering cost? 7. How much is the total cost of inventory 8. What will be your advice to the management?A Club has food sales of $4,000,000 and a food cost of 40%. The club's current ratio is 2, its food inventory turnover ratio is 16, and its average collection period is 45 days. Assume a year has 360 days. Given: Cash $150,000 Accrued expenses $100,000 Compute: 1. account receivable 2. food inventory 3. total current assets
