Chik’s Chickens has accounts receivable of $5,733. Sales for the year were $9,200. What is its average collection period? Note: Use 365 days in a year. Do not round intermediate calculations. Round your final answer to the nearest whole number. Average Collection Period = ________ days
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Chik’s Chickens has accounts receivable of $5,733. Sales for the year were $9,200. What is its average collection period?
Note: Use 365 days in a year. Do not round intermediate calculations. Round your final answer to the nearest whole number.
Average Collection Period = ________ days
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- Briefly describe how STR obtains raw property data. Identify the various metrics used by the hotel Industry, both the raw values, the KPIs, and the Percent Changes. Explain how metrics are calculated when it comes to multiple time periods. Compare the differences between how monthly and daily data is treated Identify “hints” that should be remember when working with the various metrics. Upload your responsesThe Cookie Monster sells oatmeal cookies for $1.30 per pound and peanut butter cookies for $1.60 per pound. a. If total cookie sales last week amounted to 530 pounds, valued at $755, how many pounds of each type of cookie were sold? b. What dollar amount of each type was sold? I need help with part b(Need all four Question s....attempt only if you will provide answers for all four....thanks) if not then skip it Q1. Inventory is the term we use to describe the accumulation of materials, customers or information as they flow through processes or networks. Match column A to column B for different types of inventory. Column A:1. Bed and breakfast accommodation2. Airport3. Hospital4. Car manufacturer5. Bank Column B: A. Application formsB. Components and partsC. Syringes and bandagesD. TicketsE. Food and beverages ---------------------------------------------------------------------------- Q2: Match the inventory type to how it is used. Column A: 1. Cycle inventory2. Anticipation inventory3. De-coupling inventory4. Pipeline inventory5. Buffer inventory Column B: A. When demand and supply is not predictableB. Safety stock to maintain supply when other products are being madeC. To fill the processing pipeline while goods are in transitD. Build up stocks during periods of low demand…
- Ma3. What is the most relevant question to ask at a meeting with the ICA or relevant engagement team member in preparation for an inventory count observation? Should I bring a portable monitor to the count? Can I bring a friend to the count? What time should I arrive to the count? How easy are the items to count?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…Complete the MPS record below for a single item. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Item: A Order Policy: 100 units Lead Time: 1 week January February Quantity on Hand: 80 Week 1 2 3 4 5 6 7 8 Forecast 65 70 65 45 50 45 45 55 Customer orders (booked) 40 10 90 0 35 75 0 0 Projected on-hand inventory nothing nothing nothing nothing nothing nothing nothing nothing MPS quantity nothing nothing nothing nothing nothing nothing nothing nothing MPS start nothing nothing nothing nothing nothing nothing nothing nothing
- explain how the analysis would change if office space were in high demand.Wal Mart, although they are not a manufacturing company, uses sophisticated computer software to forecast sales and order products to be stocked in their stores so that they do not run out of the things shoppers are looking for. What kind of software system does Wal Mart likely use? Group of answer choices a) Inventory control b) Just-in-time ordering c) E-procurement d) Materials Requirement Planning (MRP)Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average method. Data for July: Work-in-process inventory, July 1 (35,000 units): Direct materials (97% completed) Conversion (46% completed) Balance in work in process inventory, July 1 Units started during July Units completed and transferred Work-in-process inventory, July 31: Direct materials (97% completed) Conversion (46% completed) Cost incurred during July: Direct materials Conversion costs $ 122,950 77,400 $ 200,350 86,000 95,900 25,100 $ 185,500 266,000 The cost of goods completed and transferred out under the weighted-average method is calculated to be: (Round your Intermediate calculations to 2 decimal places and final answer to the nearest whole dollar amount.) Multiple Choice $627,740. $553,343. $578,840. $102,946. $569,680.
- Consider the planned construction of new office building in a downtown area of a large city when office space in in surplus demand (i.e. more office space than users). 1. Explain how the analysis would change if the office were in high demand.Home-Style Cookies wants to evaluate the potential profitability of the new retail shop. Fixed costs of $9,200 per month include payroll and equipment/furniture capital expense (rent and utilities are covered by the production plant), and average variable costs (includes packaging) of 70 cents per unit sold. Each item is sold to customers at a price that averages $2. For costing purposes, the multi-packs are counted as individual cookies. What volume per month is required in order to break even? What profit (or loss) would be realized on the forecasted monthly volume for August of 8,778 cookies (units) and for September at 10,540 cookies (units)? What volume is needed to obtain a profit of $16,000 per month & What volume is needed to provide a revenue of $23,000 per month? Plot the total cost and total revenue lines on a graph Please show all steps to prepare the graph. Thank you.The Quality Hotel has 309 rooms. On December 10th they sold 265 rooms. In addition, they had 1 comp. Total room revenue for the day was $50,080. On this day there were 4 rooms out of inventory (OOI) due to renovations. Calculate the following for December 10th, carrying your final answers out to the 100th place: Occupancy Percentage ADR (Average Daily Rate) RevPAR (Revenue per Available Room)