Tim's Technologies is a telecom component manufacturer. The firm typically has a collection period of 49 days and days’ sales in an inventory of 32 days. What is the operating cycle for Tim's? Tim’s operating cycle is____ days
Q: A firm has beginning inventory of 150 units at a cost of $10 each. Production during the period was…
A: FIFO: FIFO stands for First-In, First-Out. As its name suggest, this method assumes that the oldest…
Q: Company XYZ is a smart phone merchant. The company purchases smart phones directly from the…
A: The questions are multiple choice questions Required Chooze the Correct Option.
Q: OUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: QT, Inc., and Elppa Computers, Inc., compete with each other in the personal computer market. QT…
A: Answer 1) Calculation of Inventory Turnover Ratio Inventory turnover ratio = Cost of Goods Sold/…
Q: irm A is a merchandiser selling small devices. At the beginning of October, it has 400 devices in…
A: Let us find the cost of goods sold using FIFO method under periodic inventory system Ending…
Q: SOUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: First-in, first-out (FIFO) cost flow assumption - Under FIFO Method, Inventory purchased first is…
Q: uring the quarter the business completed the following transactions relating to the “TOZO T6”…
A: The required perpetual inventory record on FIFO as,
Q: Company XYZ is a smart phone merchant . The company purchases smart phones directly from…
A: Gross margin means sales revenue after deducting cost of goods sold from sales revenue. Cost of…
Q: Company XYZ is a smart phone merchant. The company purchases smart phones directly from the…
A: Gross margin of the business means sales revenue after deducting cost of goods sold from sales…
Q: LOUD BASE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Under FIFO Method, Inventory purchased first is sold first. First in includes the inventory…
Q: Samantha Ross is the procurement manager for the headquarters of a large Financial company chain…
A: Given that, Annual demand (A) = 7000 units per year Cost per unit = $120 Holding cost per unit (C) =…
Q: You have just been appointed as financial manager of Slow-Moving-Stock Limited. One of your main…
A: Inventory Turn Over ratio :— The inventory turnover ratio formula is equal to the cost of goods sold…
Q: Samsung uses 600 touch-screen glasses a month to manufacture cell phones. Each touch screen-glass…
A: If the company is using 600 units a month so it will order units every month. Therefore, number of…
Q: Company XYZ is a smart phone merchant. The company purchases smart phones directly from the…
A: Gross Margin = Sales- Cost of goods sold Sales : 50*1100 = 55000 Cogs : 50*800 = 40000 Gross…
Q: Item X is a standard item stocked in a company's inventory of component parts. Each year the firm,…
A: EOQ = 2SDH
Q: Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6,800…
A: solution total number of units in inventories =6800 Item Percentage Units Counted…
Q: he General Chemical Company uses 150,000 gallons of hydrochloric acid per month. The cost of…
A: Economic order quantity is that level of reorder quantity which minimizes the total cost of carrying…
Q: SOUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Perpetual inventory system or method for inventory/stock method which records the sale and purchase…
Q: Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs…
A: FIFO method:- In first in first out(FIFO) method company value the inventory on the assumption that,…
Q: kynet Unlimited is an innovator in the new industry of neural-networked computer nanufacturing. They…
A: The ratio analysis helps to analyse the financial statements of the business. The inventory…
Q: Company XYZ is a merchandising business. The company is specialized in selling a specific brand of…
A: Contribution is the difference between sales price of the product and variable cost incurred while…
Q: The management of Bartleby Graduate Co. has engaged you to assist in the preparation of year-end…
A: Bartleby Graduate Co's November inventory count = 145,730 Units Company uses "passing of legal…
Q: Needs some help on this pracitce quiz question
A: Calculate the sales budget as follows: Formulas:
Q: Prepare income statements under variable and absorption costing for the year ended December 31,…
A: Requirement 1: Prepare an income statement under variable costing.
Q: QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT…
A: Particulars QT Elppa Opening Inventory 932 4028 Closing Inventory 1132 4828 Avg Inventory=…
Q: OUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
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: Quality Company Limited is a leading producer of Trust-Me Bottled Water in Ghana. During the month…
A: Note: This set contains 2 questions and nothing is stated regarding which question needs to be…
Q: Firm A is a merchandiser selling small devices. At the beginning of October, it has 400 devices in…
A: Introduction: LIFO: LIFO stands for Last in First Out. Which means last received inventory to be…
Q: a company merchandising business. The company is specialized in selling a specific brand of…
A: In this numerical has covered the concept Contribution Margin. Contribution margin is derived by…
Q: ABC is an online-to-offline platform that sells e-commerce products to offline customers through a…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: U.S. Airfilter has hired you as a supply chain consultant. The company makes air filters for…
A: Inventory Turnover Ratio: It is a dimensionless parameter to evaluate supply chain efficiency level.…
Q: SOUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Perpetual and Periodic Inventory system Purchase and sales records are updated constantly in…
Q: SOUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: The perpetual inventory system vs. the periodic inventory system The perpetual inventory system…
Q: Company XYZ is a smart phone merchant. The company purchases smart phones directly from the…
A: Solution:- Calculation of gross profit margin as follows under:-
Q: SOUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Perpetual Inventory System – Under Perpetual inventory system on every sales transaction cost of…
Q: UND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Journal entries: When the business transactions are recorded in the primary book of account named…
Q: QT, Inc., and Elppa Computers, Inc., compete with each other in the personal computer market. QT…
A: Average inventory = Beginning inventory + Ending inventory 2 QT =…
Q: Company XYZ is a merchandising business. The company is specialized in selling a specific brand of…
A: Contribution Margin: Contribution margin is Selling price per unit minus Variable cost involved in…
Q: Company XYZ is a merchandising business. The company is specialized in selling a specific brand of…
A: The correct option is as follows
Q: Company XYZ is a merchandising business. The company is specialized in selling a specific brand of…
A: SOLUTION- SALES PRICE PER UNIT 500 LESS- PURCHASE COST (250) LESS- VARIABLE WAGES AND…
Q: Consider the following information: Suppliers’ payment period…
A: Operating Cycle :-The length of time between the purchase of inventory and the cash collected from…
Q: Company XYZ is a merchandising business. The company is specialized in selling a specific brand of…
A: Contribution Margin: Contribution margin is Selling price per unit minus Variable cost involved in…
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: SOUND CORE WIRELESS sells a variety of mobile telephone accessories including several brands of…
A: Perpetual Inventory System – Under Perpetual inventory system on every sales transaction cost of…
Q: o agents for e
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Tim's Technologies is a telecom component manufacturer. The firm typically has a collection period of 49 days and days’ sales in an inventory of 32 days. What is the operating cycle for Tim's?
| Tim’s operating cycle is____ days |
Step by step
Solved in 2 steps
- Elliott, Inc., has four salaried clerks to process purchase orders. Each clerk is paid a salary of 25,750 and is capable of processing as many as 6,500 purchase orders per year. Each clerk uses a PC and laser printer in processing orders. Time available on each PC system is sufficient to process 6,500 orders per year. The cost of each PC system is 1,100 per year. In addition to the salaries, Elliott spends 27,560 for forms, postage, and other supplies (assuming 26,000 purchase orders are processed). During the year, 25,350 orders were processed. Required: 1. Classify the resources associated with purchasing as (1) flexible or (2) committed. 2. Compute the total activity availability, and break this into activity usage and unused activity. 3. Calculate the total cost of resources supplied (activity cost), and break this into the cost of activity used and the cost of unused activity. 4. (a) Suppose that a large special order will cause an additional 500 purchase orders. What purchasing costs are relevant? By how much will purchasing costs increase if the order is accepted? (b) Suppose that the special order causes 700 additional purchase orders. How will your answer to (a) change?Consider the following information: Suppliers’ payment period 40 days Receivables’ collection period 40 days Finished goods holding period 15 days Work – in progress holding period 10 days Raw materials inventory holding period 20 days a) what is the operating cycle? Select one: A. 75 days B. 85 days C. 70 days D. None of the aboveSapphire Aerospace operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. Table shows last year’s average inventory levels for these items, along with their unit values.a. What is the average aggregate inventory value?b. How many weeks of supply does the firm have?c. What was the inventory turnover last year? Sapphire Aerospace Inventory Items Category Part Number Average InventoryUnits Value per Unit Raw materials RM-1 20000 $1 RM-2 5000 5 RM-3 3000 6 RM-4 1000 8 Work-in-process WIP-1 6000 10 WIP-2 8000 12 Finished goods FG-1 1000 65 FG-2 500 88
- Company XYZ is a merchandising business. The company is specialized in selling a specific brand of smartphones. The purchase cost per unit was OMR320. At the beginning of the month of May the company has inventory of 1,270 smartphones. During the month of May, the company purchased additional 1,000 smartphones. By the end of May, the company had 430 smartphones remaining in the store. The selling and general expenses for the company include wages and commissions, which include fixed monthly payment of OMR1,700 plus a OMR10 per unit sold; and depreciation of OMR2,000 per month. Assuming a selling price per unit of OMR640, calculate the total contribution margin select option a. None of the given answers b. OMR588,800 COMR570.400 d. OMR566,700 e. OMR393,700ABC operates 250 days in a year and sells an average of 500 units each day. On better days, sales may reach 800 units. The supplier delivers the inventory within 3 to 6 days after receiving the purchase orders from ABC but the average time is 4 days. Assuming normal operations, what would the expected minimum inventory level be for ABC?A firm has an average age of inventory of 60 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's operating cycle is?
- This month, a company receives $6,000 from a regular customer, of which $4,000 is for products delivered last month and $2,000 is for products that will be delivered next month. How much revenue should the company record for this month?a company merchandising business. The company is specialized in selling a specific brand of smartphones. The purchase cost per unit was OMR300. At the beginning of the month of May the company has inventory of 1,250 smartphones. During the month of May, the company purchased additional 1,000 smartphones. By the end of May, the company had 450 smartphones remaining in the store. The selling and general expenses for the company include wages and commissions, which include fixed monthly payment of OMR1,500 plus a OMR8 per unit sold; and depreciation of OMR2,000 per month. Assuming a selling price per unit of OMR600, calculate the total contribution margin. Select one: a. OMR525,600 b. OMR365,000 c. None of the given answers d. OMR522,100 e. OMR540,000Betta Jets, a toy wholesaler, is hoping to expand into manufacturing its own products. The business owners have provided you with the following information: All sales are on credit. The company collects 70% in the month following the sale and 30% two months following the sale. All purchases of stock are paid for one month after the purchase. Equipment costing $250,000 is expected to be acquired and paid for in July. The selling and distribution expenses are $48 000 each month. Administrative expenses are $42 000 per month. This includes $5 000 of depreciation expense. Selling Expenses and Administrative Expenses are paid in the month they are incurred. The cash balance on 1 July 2022 is $28 000. The following sales and purchases data in 2022 have been compiled for the preparation of the budget: April May June July $ $ $ $ Purchases 300 000 360 000 340 000 400 000 Sales 800 000 860 000 840 000 880 000 REQUIRED: Prepare…
- Samantha Ross is the procurement manager for the headquarters of a large Financial company chain with a central inventory operation. Ross’ quick-moving inventory item has a demand of 7,000 units per year. Each unit cost $120, and the inventory holding cost is $15 per unit per year. The average ordering cost is $31 per order. It takes about 6 days for an order to arrive. (This is a corporate operation, and there are 250 working days per year.) a) What is the annual cost of ordering and holding inventory? b) Including the cost of the 7,000 units. What is the total annual inventory cost? c) What is the total annual cost?A firm purchased raw materials on account and paid for them within 30 days. The raw materials were used in manufacturing a finished good sold on account 100 days after the raw materials were purchased. The customer paid for the finished good 60 days later. The firm’s cash conversion cycle is A firm has an average age of inventory of 90 days, an average collection period of 40 days, and an average payment period of 30 days. The firm’s operating cycle isBerger Mortgage Co. provides the following data on its loan application processing activities for the month of February: Move time 18 hours Wait time 63 hours Process time 230 hours Storage time 15 hours Inspection time 22 hours Compute the cycle efficiency for February: IN THE COMPUTATION FOR THROUGHPUT TIME, WHY ISN'T WAIT TIME INCLUDED IN IT?
