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?
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Q: 2. [EXCEL] Operating cycle: Lilly’s Bakery distributes its products to more than 75 restaurants and…
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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?
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- 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 excel6. 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.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)?
- 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…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?3. The Winters Co. has annual sales of £918,700. Cost of goods sold is 55 percent of annual sales and on credit. The firm has an average accounts payable balance of £72,400. How many days on average does it take The Winters Co. to pay its suppliers? (Assume 365 days in a year) A 29 days B 52 days C 34 days D 46 days
- 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?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?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?
- 22- For a company operating 300 days a year, the annual demand is 63,000 units, the lead time is 4 days, the ordering cost per order is BD 80 and the inventory turnover is 12, the reorder point is A. Every 12 days B. Every 4 days C. When 175 units remain D. When 840 units remain28- The White Rose Company uses the EOQ model to manage the inventory of their basic material. It is known that the ordering cost per order is BD 280, the annual holding cost per unit of inventory is BD 10, the annual demand is 140,000 units, the lead time is 2 days and the Company operates 350 days a year. Find the number of orders per year when the economic order quantity is ordered. A. 16 B. 10 C. 25 D. 50PLEASE, 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…