Using the following information, calculate the inventory turnover of raw materials: Raw materials used $121,600 Beginning inventory

Fantastic news! We've Found the answer you've been seeking!

Question:

Using the following information, calculate the inventory turnover of raw materials:

Raw materials used	$121,600
Beginning inventory of raw materials	$18,000
Ending inventory of raw materials	$20,200

Related Book For answer-question

Foodservice Management Principles and Practices

ISBN: 978-0135122167

12th edition

Authors: June Payne Palacio, Monica Theis

See More Books

Posted Date: May 23, 2023 06:10 AM

See More Questions

The following information is the end-of-year data for Pecos Yo Company: Compute the following: 1. Inventory turnover for raw materials inventory 2. Days in raw materials inventory (Assume 360 days in...
The following information is for Bun MaScare Company: Required: Assuming 365 days in a year, compute the following. (Note: Preparing a cost of goods manufactured schedule and a costs of goods sold...
The Benchley Company uses metal grates when assembling appliances. Information as to balances on hand, purchases, and requisitions of the grates is given in the following table. If a perpetual...
A transparent rod 30.0 cm long is cut flat at one end and rounded to a hemispherical surface of radius 10.0 cm at the other end. A small object is embedded within the rod along its axis and halfway...
Consider the z-transform Assume first that ? 0 ? 0. (a) Draw a labeled pole-zero diagram and determine h[n]. (b) Repeat part (a) when ? 0 = 0. This is known as a critically damped system. H(z) : Izl...
Vogue Test Inc. is produces two types of toothpaste, Numero and Dinero. Revenue and cost information for the year ended December 31, 2022 relating to the products are presented below. Product ...
Explain the ways that chiefdoms are different from bands and tribes and describe the distribution of power in them.
Maggie Moylan Motorcycle Corp. uses kambans to support its transmission assembly line. Determine the size of the kanban for the mainshaft assembly and the number of kanbans needed. Setup cost = $20...
Carefully consider the planning and evaluation cycle. Start at the beginning of the cycle, and explain at what points in the cycle you would seek stakeholder involvement. Then, discuss two specific...
Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of Best Buy Co., Inc. Income Statement, Feb. 26, 2011 Feb. 27,...
2. Translate between the RISC-V code to C. What is the RISC-V function computing? C code RISC-V //a0x, al->y, //t0 -> result Func: addi t0, x0, 1 Loop: beq al,x0, Done mul 10, 10, a0 addi al, al, -1...
Now suppose that the above orders arrive on the market over time, in the order of arrival that is listed. That is: at t = 1 the limit order to buy 200 at $3.00 is submitted, at t = 2 the limit order...
Assess the risk posed by the S&P 500. The investment committee would like to understand the level of volatility inherent in the S&P 500. Value-at-risk (VaR) is useful in measuring the risk of losses...
Facebook Twitter Yahoo Monster Market Capitalization (US$ Millions Sales $295,978 $15,680 $31,409 $245 INKDEIN Sales EBITDA Book Value (numbers US$ millions) $2,980 $247 $2,588 16.5 51 WHAT IS THE...
You just purchased a share of GME stock for $160. You plan to sell the stock when the stock price reaches $175. You recall from class that writing a covered call would generate extra income while...
1. What is the annual yield of a 5-year, 3.4% semi-annual coupon-paying bond priced today at $1,004? Par is $1,000. 2. What is the annual yield of a 7-year, 4.25% annual coupon-paying bond priced...
During the year, More Value purchased a new building at a cost of $226,700. The company also paid the following amounts in connection with the building: Architects' fees to make necessary...
In a paragraph of approximately 150-200 words, analyze a film or TV/Streaming Show poster of your choosing by focusing on the ways in which representations in the poster are gendered. Include an...
What is the role of a food service manager in assuring the provision of safe food to all customers?
Tools employed in Total Quality Management for problem solving and measurement are: A. Brainstorming and bench marking B. Budgets and ratios C. Chronocyclegraph and pathway charts D. QWL and QA
Circle the appropriate response. 1. Skill standards define the level of performance necessary to be successful on a job. 2. Interviewing is a means of communicating. 3. The minimum wage that must be...
Consider the equity prices of the United States companies Microsoft and Walmart for the period April 1990 to July 2004 ( $T=172)$. (a) Compute the continuously compounded (log) returns on Microsoft...
(a) Use a histogram to graph the empirical distribution of the duration times between American Airline trades. Compare the graph with Figure 2.9. Figure 2.9. (b) Interpret the shape of the...
The forward market is efficient if the lagged forward rate is an unbiased predictor of the current spot rate. (a) Estimate the following model of the spot and the lagged 1-month forward rate \[...

Using the following information, calculate the inventory turnover of raw materials: Raw materials used $121,600 Beginning inventory

Question:

Expert Answer:

To calculate the inventory turnover of raw materials we can use the ... View the full answer

Foodservice Management Principles and Practices

Students also viewed these accounting questions