How does improving the days inventory on hand affect the financial impact for a company?
Question:
How does improving the days inventory on hand affect the financial impact for a company?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
By reducing the days inventory on hand or by improving the inventory turnover capital blocked ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Question Posted:
Students also viewed these Cost Accounting questions
-
You have been provided with the following information about Altario Ltd. (Altario). Additional information: Altario gives its customers 30 days to pay for their purchases. After 30 days interest is...
-
Refer to CVSs annual report in the Supplement to Chapter 5 and to the following data (in millions) for Walgreens: cost of goods sold, $42,391 and $38,518.1 for 2008 and 2007, respectively;...
-
Using the information for Obras, Inc., in SE 4 and SE 5, compute the current ratio, quick ratio, receivable turnover, days sales uncollected, inventory turnover, days inventory on hand, payables...
-
Suppose a product can be produced using virgin ore at a marginal cost given by MC 1 = 0. 5q 1 and with recycled materials at a marginal cost given by MC 2 = 5 + 0. 1q 2 . (a) If the inverse demand...
-
Refer to Practice 10-6. Assume that construction was not completed on December 31 of Year 1. Also assume that the same loans were outstanding for all of Year 2. The following expenditure was made...
-
If a person learns N items in t hours, as given by N(t) = 20t find the rate of learning after (A) 1 hour (B) 4 hours
-
When heat is transferred from hot body to cold body, in a straight line, without affecting the intervening medium, it is referred to as heat transfer by: (a) Conduction (b) Convection (c) Radiation...
-
Describe the three value disciplines for delivering superior customer value and explain why classifying competitive strategies in this way is appealing.
-
ACTUAL $ 750,000 Big Boats, Inc. makes laury speed boats for water sking Actual results and the static budge Sales commissions are computed at 5% of gross sales The expected ROI for this subsidiary...
-
Jimmy owns a garden in which he has planted N trees in a row. After a few years, the trees have grown up and now they have different heights. Jimmy pays much attention to the aesthetics of his...
-
If Don Chadwell, Capital has instead decreased $47,500 after the closing entries were posted, and the withdrawals remained the same, what would have been the amount of net income or net loss?
-
On January 1, 2016, Knorr Corporation issued $1,000,000 of 9%, 5-years bonds dated January 1, 2016. The bonds pay interest annually on December 31. The bonds were issued to yield 10%. Bond issue...
-
What is the difference between automation and autonomy?
-
Create an Elm web app that dynamically generates and displays a list of tasks with the ability to mark them as completed. Write an Elm function that takes a list of numbers and returns a new list...
-
Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $11.00 per hour. The following information pertains to Job A-500: Direct...
-
14. Which of these might be important to the client when considering a Section 1035 exchange of an annuity? A) the annuity company's underwriting requirements B) their health status C) the amount of...
-
Write a program in Python that takes a list of numbers and returns a new list containing only the even numbers from the original list, sorted in ascending order. Example Input: Python [5, 3, 2, 8, 1,...
-
According to the journal entries, how many debits did the cash capital stock account have?
-
An unknown, foul-smelling hydrocarbon gives the mass spectrum and infrared spectrum shown. (a) Use the mass spectrum to propose a molecular formula. How many elements of unsaturation are there? (b)...
-
For the given transfer function: Vo(s) / Vi(s) = (s^2C^2R^2 + 1) / (s^2C^2R^2 + 4sCR + 1) Assumiing that 1/(CR) = 120 PI so write the matlab code to find the magnitude plot
-
Tausig Technologies Corporation (TTC) has been growing at a rate of 20 percent per year in recent years. This same growth rate is expected to last for another 2 years. a. If D0 = $1.60, rs = 10%, and...
-
Tausig Technologies Corporation (TTC) has been growing at a rate of 20 percent per year in recent years. This same growth rate is expected to last for another 2 years. a. If D0 = $1.60, rs = 10%, and...
-
Tausig Technologies Corporation (TTC) has been growing at a rate of 20 percent per year in recent years. This same growth rate is expected to last for another 2 years. a. If D0 = $1.60, rs = 10%, and...
-
A client required an IP address from DHCP server, please list the steps of the DHCP process?
-
Bijan's pipelined processor features separate instruction and data caches. The instruction cache (I-cache) has a single level and the data cache (D-cache) has two levels, as shown in the figure...
-
Peter opened a brokerage account to sell short 1,200 shares of Carb Farm stock at the current market price of $160 per share. The brokerage firm charges 12% per annum on the margin loan. a. Suppose...
Study smarter with the SolutionInn App