Inventory Management

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ABC Analysis of Inventory management

Please arrange the following stock items into Logical A,B, or C classes. Part Number Last Year Demand Unit Price N2 18000 $ 14.00 N3 300 300.00 N6

Inventory management: demand and capacity

In your role as Manychip's production planning staff member, one of your tasks is to help the supply chain team focus on capacity planning. The company has determined they will use one or more of the following options to optimize capacity planning: The use of dedicated and flexible facilities: Manychip has several permanent

The McDonald's fast-food restaurant...

The McDonald's fast-food restaurant on a campus sell an average of 4,000 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 350 pounds of hamburger costs $1.00 a pound. What is the inventory turnover for the hamburgers patties? On average, how many days of supply ar

Study questions

True/False 1. The recording process becomes more efficient and informative if all transactions are recorded in one account. 2. Under the double-entry system, revenues must always equal expenses. 3. A journal is also known as a book of original entry. 4. A trial balance does not prove that all transactions have been re

The Clash Between a Parent and Subsidiary Company

"A" Company, the new parent company of "B" Company, is a large multinational conglomerate. It is an extremely financially well-run company, with an emphasis on short-term, quarterly results. In fact, it is Walden's key value proposition to its stockholders that each quarter's sales and pretax profits will be greater than the pri

Operation management: optimal inventories; calculate EOQ and ELS

You have just met with the Director of Purchasing. He has been attempting to reduce his costs by placing fewer, but larger, orders for raw materials. You suspect that his department's actions have been contributing to your organization's high DOS. Your assignment is to calculate the EOQ/ELS for the following two cases. Includ

Inventory Management - 1 page

Premium Coupons

On 1/1/04, Company began including three coupons in each box of baseball food it sells. In exhange for 20 coupons and $10, customers will receive a porcelain baseball figurine. Each figurine costs Company $25. Company estimates that 20% of the coupons will not be redeemed. Events relating to the coupon promotion during 2004

Formulas

I need help with set-up, formulas, to calculate the problem. --- 1. I Carry rent trucks for moving and hauling. Each truck costs the company an average of $8,000, and the inventory of trucks varies monthly depending on the number that are rented out. During the first 8 months of last year, I Carry had the following endi

Economic Order Quantity, Cycle Time and Annual Ordering Cost

A company buys calculators at a price of $5 per unit. The holding cost of each calculator is $.75. The demand for the calculator is 20,000. The cost of ordering is $25.00. I need to determine the EOQ, cycle time, and annual ordering cost. Can you please show me the right equations to use, then space down four or five lines s

Operations management - inventory management

In a typical week, the ZYX Company uses 10 cartridges for its printers (all the same model). It estimates that the cost of placing each order (including shipment) amounts to $ 45 per order, and that the cost of keeping a cartridge in stock (including the cost of capital) is $1 per week. The office manager orders 30 cartridges

Inventory - the steps in the accounting cycle

1. (a) "The steps in the accounting cycle for a merchandiser are different from the accounting cycle for a service enterprise." Do you agree or disagree? (b) Is the measurement of net income for a merchandiser conceptually the same as for a service enterprise? Explain. 5. When is cost of goods sold determined in a perpetual

Operations Managment: inventory levels, workforce requirements

The Hoosier Products Corporation produces outdoor furniture, among other products. Starting at the beginning of the Spring quarter, following is relevant data for the next year: Quarter Demand Spring 5,000 Initial Inventory: 500 Summer 8,000 Regular Labor Cost :$10/workhour Fall 6,000 Labor hours required per unit of furn

Marketable Securities; Efficient Inventory Management

1. Which of the following is not a situation which might lead a firm to hold marketable securities? {see first attachment for options} 2. Which of the following might be attributed to efficient inventory management? {see second attachment for options}

Questions

5. When is cost of goods sold determined in a perpetual inventory system? 24. In the following separate mini cases, using a periodic inventory system, identify the item(s) designated by letter. (a) Purchases _ X _ Y _ Net purchases. (b) Cost of goods purchased _ Net purchases _ X. (c) Beginning inventory _ X _ Cost of go

Goods in transit

Explain how you would handle "goods in transit" in determining a company's inventory.

Financial Accounting : Vandalism and Inventory Theft

3 - The income statement should show non-operating expenses after the operating income line. One of the examples given in the text is vandalism. How would you classify the expenses of vandalism for a company with clothing stores in areas where these expenses happen once or twice every month? Why? Contrast this with how you tr

Inventory costs: (a) Determine the optimal order quantity, the time between orders and the annual inventory cost. (b) Determine the difference in annual inventory costs between the optimal policy and the current policy of placing two orders every month.

A company assembles motherboards which contain the Enterprise chip. The company uses 9,000 Enterprise chips each year. The supplier of the chips imposes a £5 delivery charge on each order. The chips have to be stored in a freezer resulting in a high holding cost which has been estimated at £0.48 each per month. (a) Determine

Inventory turn over rate/cost

BI:$18,500 (in sales figures)purchases $44,700(at cost)net sales $50,300 (sales figures) markup is 22% based on cost, determine inventory turnover at cost..and at sales price