To reduce the inventory by $200,000. Which items would you recommend to be removed from the list?
Fantastic news! We've Found the answer you've been seeking!
Question:
To reduce the inventory by $200,000. Which items would you recommend to be removed from the list? Why?
Unit Cost Price
Unit Sales Price
Average On Hand
Average Unit Sales/Year
Cost of average inventory
Annual sales
Cost of goods sold
Annual gross profit
Gross margin ratio
Markup percentage
Inventory Turnover
Days in Inventory
Percentage of Total Annual Sales
Gross Margin Per Unit.
Expert Answer:
Answer rating: 100% (QA)
Cost of goods sold Gross margin ratio and Gross Margin Per Unit Cost of goods sold COGS refers to th... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Total assets turnover 15 Gross profit margin on sales SalesCost of goods soldSales 25 Total liabilitiestoassets ratio 40 Quick ratio 080 Days sales outstanding based on 365day year 365 days Inventory...
-
Gross margin under FIFOS Gross margin under weighted average cost is $ The Music World carries a large inventory of guitars a
-
Why would a firm switch from one short-run average total cost structure to another?
-
The annual growth rate in EPS is 3%. The P/E ratio is 12x. EPS last year was $1.00. Calculate What should the stock price be in 4 years?
-
The MEP Company has issued 5,000,000 new shares. Its investment bank agrees to underwrite these shares on a best efforts basis. The investment bank is able to sell 4,200,000 shares for $ 54 per...
-
With reference to Exercise 11.3, (a) Evaluate s2; (b) Construct a 95% confidence interval for ; (c) Construct a 95% confidence interval for 3.
-
What are the advantages and disadvantages of continuous improvement performance reports? Why do you think some companies adopt this philosophy, but others do not?
-
Determine the diameter and packed height of a countercurrently operated packed tower required to recover 99% of the ammonia from a gas mixture that contains 6 mol% NH3 in air. The tower, packed with...
-
your journey the last couple of years. What has been the highs and lows of your MBA experience. Share any advice and your personal experience with your classmates
-
Rick, a second-year accounting student has charged various friends and acquaintances a $80 fee to prepare their individual income tax returns. Matt, an accounting graduate, obtains two free personal...
-
XYZ Co sells television sets throughout Western Canada. The current credit policies being offered are 2/10, net 30 and the new policy being considered is 4/10, net 50. Currently 40% of customers take...
-
Given the indifference curve shown to the right: a. What is the marginal rate of substitution as you move from point G to point B? (enter your answer as a fraction and note that the minus sign has...
-
watch this exciting video on "Live Inside an Iowa Caucus 2008." We said in lecture in unit 1 and with political parties that a caucus (used in some states by Democrats and Republicans in primary...
-
Describe end-based thinking. What is it? What are the challenges and advantages in using this mode of thinking? Why is it the work of "stakeholders" and not authority to navigate adaptive challenges?...
-
The liabilities of Sandhill Company are $85,000. Owner's capital is $148,000, drawings are $94,000;revenues, 459,000; and expenses, $338,000. What is the amount of Sandhill Company's total assets? ...
-
Jennifer is a CERTIFIED FINANCIAL PLANNERprofessional. Her wealthiest client is Brad with whom she has been working for the past 15 years. Angelina also holds the CFPcredential. Angelina approached...
-
es The following information is from the annual financial statements of Raheem Company. Net sales Accounts receivable, net (year-end) Year 3 $ 277,000 35,400 Year 2 $ 208,000 33,200 Year 1 $ 251,000...
-
Evaluate each logarithm to four decimal places. log 0.257
-
The amounts of time (in months) that 16 stars of The Bachelorette and their chosen partner stayed together as of April 2021 are listed. 208 12 3 12 18 94 3 75 8 36 75 20 24 045
-
The six top-earning states in 2019 by median household income are listed. 1. Maryland 2. New Jersey 3. Hawaii 4. Massachusetts 5. Connecticut 6. Alaska
-
The ages of the Supreme Court justices as of April 7, 2021 In Exercises 25 and 26, find the range, mean, variance, and standard deviation of the population data set. 66 56 72 49 82 71 66 60 53
Study smarter with the SolutionInn App