Ohio valley homecare suppliers, Inc, had $20 million in saldes in 2004. Its cost of goods sold was $8 million and its average inventory balance was $2,000,000
The average number of days inventory outstanding for Ohio Valley Homecare Suppliers (OVHS) in 2004 is
a. 30 days
b. 73 days
c. 91.10 days
d. 91.25 days
TJ & T Auto purchases a component used in the manufacture of automobile generators directly from the supplier. TJ & T's generator production, which is operated at a constant rate, will require 12,000 components a year. Assume that the ordering costs are $25 per order, the unit cost is $2.50 per component, and annual holding co
Please use the attached excel worksheet to answer the problem.
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:
Demand D = 19, 500 units/year
Ordering cost S = $25/order
Holding cost H = $4/unit/year
a) Calculate the EOQ for the workbooks.
b) What are the
How is inventory like water flowing into and out of a bathtub? What is the inventory balancing equation? How do you measure how much inventory has been used during a specific time period, say a year? In operations that convert materials from one stage to another, like in manufacturing and baking, how is labor part of the invento
Nordstrom Inc. operates department stores in numerous states. Selected financial statement data for the year ending January 29, 2012, are as follows.
Balance Sheet (partial)
(in millions) End-of-Year Beginning-of-Year
Cash and cash equivalents $ 482 $ 369
Grant Company began the year with $870,000 of raw materials inventory, $1,390,000 of work-in-progress inventory, and $620,000 of finished goods inventory. During the year, the company purchased $3,550,000 of raw material and used $3,720,000 of raw materials in production. Labor used in production for the year was $2,490,000. Ove