The cost after rebates is $100.75 if additional memory for your computer is $109.99 with a $10.00 mail-in rebate, an envelope costs $0.35, and a "forever" postal stamp costs $0.41.
An envelope costs $0.35, and a "forever" postage stamp costs $0.41 while more computer Memory costs $109.99 with a $10.00 mail-in rebate.
We must calculate the price after applying all discounts and given envelopes.
The price may be determined as follows:
Cost = Additional memory - Mall rebate + Envelope costs + Postal stamp costs
Cost=109.99-10.00+0.35+0.41
=$100.75
Since an envelope costs $0.35, a "forever" postal stamp costs $0.41, and more computer RAM sells for $109.99 with a $10.00 mail-in rebate, the final cost after all rebates will be $100.75.
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the qualified monthly housing cost a lender will allow a loan applicant, based on the applicant's income and the lender's income ratio, is not likely to include the cost of
Homeowner's insurance (PITI) .
PITI is an acronym that stands for principal, interest, taxes and insurance.
What is PITI?In most mortgages, PITI is the sum of the monthly principal, interest, taxes, and insurance, which add up to the monthly mortgage payment.Housing payment each month (PITI)
The lower of these two calculations is used to calculate the maximum monthly payment (PITI): Monthly PITI = monthly income X 28%. Monthly PITI = monthly income x 36% minus other loan payments.This is the maximum monthly principal and interest payment you can make. It is computed by deducting your monthly taxes and insurance from your PITI payment. This calculator determines the mortgage amount you could qualify for based on your maximum PI payment.To learn more about PITI refer to :
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sadhana smiles, the management expert interviewed in this video, identifies several aspects of employee disengagement, including arriving late, leaving early, pessimism, and negativity. all of these are examples of:
All the elements are examples of Counterproductive behaviors
Employee conduct that is contrary to the organization's legitimate interests is referred to as counterproductive behaviour. Theft or fraud, pessimism, sexual harassment, work bullying, absenteeism, drug usage, violence at work, and sabotage are the examples of this behavior. These actions may hurt businesses or the individuals who work there, such as clients, customers, and employees.
In the given statement, Sadhna was smiling during the interview. Further, the management expert also identified late coming, pessimism, and leaving early which all account for Counterproductive behaviors
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what was the outcome of the microsoft temporary-worker lawsuit? select one: a. fringe benefits for gig workers were eliminated. b. plaintiffs were paid the value of stock options they would have received if employed. c. temporary workers were employed. d. internal revenue service penalties were avoided.
Option (b) is the best choice because plaintiffs got compensation equal to the value of the stock options they would have been granted if hired.
What was the result of the Microsoft temporary worker lawsuit?Microsoft Corp. and a legal firm representing more than 8,000 temporary employees at the software provider today announced a settlement of a class-action lawsuit in which Microsoft will pay the workers and their attorneys a total of $97 million.
Is Microsoft the target of a class action lawsuit?Cash reimbursements or volume licensee vouchers are the two types of compensation available to qualifying Class Members under the terms of the Microsoft class action settlement. Consumer Cash Payments are offered to qualified Class Members who bought a license for one of the Microsoft products mentioned here.
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sally is a member of a work team at computers-r-us corporation. she often proposes new solutions to team problems. this is an example of which task specialist role?
The specialist role Sally is depicting here is initiation by proposing new solutions to team problems.
What is task specialist role and what role is depicted by Sally?Specialist role is kind of role assigned and performed by expected employees in the company.Here Sally is a member of a work team at computers-r-us corporation, and proposing new solutions.Computers-r-us corporation is an information technology company dealing with IT industry.Sally is depicting the initiation task specialist role in the company , by proposing new solutions.Hence, the specialist role Sally is depicting here is initiation by proposing new solutions to team problems.To know more about work team visit:
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an advantage of a partnership compared to a sole proprietorship is that a partnership multiple choice question. is simpler than other forms of organization. is cheaper than other forms of organization. is less complex than other forms of organization. is able to raise larger amounts of capital.
A partnership is a simpler form of organization than a sole proprietorship. A partnership is cheaper to form than a corporation, and it is less complex than a corporation. A partnership is able to raise larger amounts of capital than a sole proprietorship.
What is partnership?
A partnership is an agreement in which two or more people, known as business partners, agree to work together to further their shared interests. Individuals, businesses, interest-based organisations, schools, governments, or combinations can form partnerships. Organizations may collaborate to raise the chances of each completing their objective and to broaden their influence. A partnership may result in the issuance and holding of equity or it may be regulated solely by a contract.
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belle co. has beginning inventory of 12 sets of paints at a cost of $1.50 each. during the year, the store purchased 7 at $3.00, 8 at $3.25, and 12 at $3.50. by the end of the year 31 sets were sold. using the lifo method, the cost of ending inventory is:
Using the LIFO method, the cost of ending inventory of Belle company is $12.00.
Belle Co. also bought an additional 27 goods, totaling a total of 58. Specifically, 27 is equivalent to 7 + 8 + 12. The phrase "Last In First Out" refers to the idea that the items that were purchased last should be used up first.
31 units were sold by the business. There are only 8 sets of paint for $1.50 because 27 of them have already been newly acquired, and 4 came from the initial inventory.
The cost of the ending inventory is,
I = 8($1.5) = $12
The inventory system known as LIFO stands for Last In, First Out. This implies that the price of the most recent inventory purchase serves as the basis for determining the price of the goods sold.Learn more about Last In First Out, here
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a polisher has a production cycle that consists of 36 minutes of setup time, followed by 53 minutes of production. while producing, the polisher produces 212 parts per minute. what is the capacity of the polisher in parts per minute?
The machine can produce 212 components per minute is the capacity of the polisher in parts per minute
first determine the overall duration.
Total time equals production time plus setup time.
36 minutes plus 53 minutes total.
Time taken: 89 minutes.
Add up all the units.
Total Units = Minutes of Production x Hours of Time
Total Units = 212 PPM multiplied by 89 minutes.
Units in total = 18868 parts
Determine the parts per minute now.
Total Units / Total Time equals parts per minute.
18868 pieces / 89 minutes equals parts per minute.
212 parts per minute is one minute in parts.
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how does it benefit retailers when customers order products online but pick them up in the store? multiple choice question. it requires fewer allocation systems. it reduces the need to offer coupons. it allows for lower inventory levels. it leads to additional sales.
When the customers order products online but pick them up in the store, its benefits the retailers because it can leads to additional sales.
What is the meaning of Buy Online, Pick Up in Store?The phrase have the acronym "BOPIS" which stands for buy-online-pickup-in-store. The practice of offering this service has grown as shoppers are becoming too busy to browse items in-store and are more comfortable buying online.
Based on the trends, the Buy Online, Pick Up in Store allows the retailers to blend the online and in-store experience to engage with customers while offering a more convenient way to shop.
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gulliver travel agency thinks interest rates in europe are low. the firm borrows euros at 10 percent for one year. during this time period, the dollar falls 17 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 17 percent fall in the value of the dollar as well as the interest payment.)
The effective interest rate on a loan is 28.7%
The percentage at which euros are borrowed = 10%
Fall in dollar price = 17%
Let us suppose the loan borrowed is 100 euros, and the current exchange rate for dollars to euros is 1:1. Thus the amount borrowed is $100. In one year, the total amount owed, measured in terms of euros, is:
100*(1+10%) = 110
Since the dollar depreciates against the euro by 17%, the exchange rate in one year will be 1 euro = (1 + 17%) = 1.17 USD. Thus the amount owed in one year, when expressed in USD, is:
110 * (1 + 17%) = 128.7
This is equivalent to borrowing $100 and paying $128.7 in one year. Therefore, the effective interest rate is:
(128.7 - 100) / 100 = 28.7%
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which of the following is a benefit of buying direct from a distributor? c. invest more resources in supplier selection and management. b. access to a wider bundle of products and emerging technologies a. lower prices and better service e. none of the above d. all of the above
Option b. access to a wider bundle of products and emerging technologies is a benefit of buying direct from a distributor.
A distributor is largely an independent contractor. In distributor agreements, you promote your services or products to the distributor, who then sells them on to their patron, adding a margin to cover the distributor's own expenses and profit. The distributor has the agreement with the client.
A distributor is an entity that buys noncompeting products or product traces and sells them direct to stop users or clients. maximum vendors additionally offer quite a number offerings together with technical aid, guarantee or provider. distributors are vital in supporting attain markets producers could not otherwise target.
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WILL GIVE POINTS I need help choosing a subject for this assignment
In the United States, business regulations have been evolving since the 1800s. Chose an aspect of federal regulation of business practices, such as workplace safety, finance reform, or consumer protection, and create a presentation that is a timeline identifying five key factors that contributed to the definition and implementation of the regulation as it is enforced today. You can go online and research significant regulations or legislation; many of the federal agency websites may be of value. For each one, including the following information:
Date it was passed
Circumstance that motivated it
Who it benefits and why
You can use the presentation software of your choice for this assignment. Make sure that you are using reputable websites and include a list of at least three appropriate websites at the end. Your presentation should be well organized, free of mechanical errors, and easy to read.
The tax (excise tax) is an example of federal regulation of business practices.
Why was the Excise tax set up?The United States Constitution established tariffs and excise taxes, and Alexander Hamilton, the country's first secretary of the Treasury, suggested using them to charge foreign imports in 1789.
The people that benefit from the excise tax is the government. It was said to be first set up for revenue generation. When compared to other options like income taxation, excise taxes may provide large government revenue at a lower political or economic cost.
Therefore, One of the most prevalent taxation methods used by the federal government is the excise tax. This also holds true for particular products or services like alcohol, tobacco, and gasoline. This can also be accomplished by increasing prices for consumers in order to pass on the tax expense.
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the large-group model of organizational development . a. seeks information from the organization and the environment b. focuses on a specific problem c. seeks incremental change d. limits the distribution of information
The correct option is a. seeks information from the organization and the environment .
The required details about organizational development is mentioned in below paragraph.
An approach to system change within an organization that is focused on objectives is called organization development. The ability to create and maintain a new intended condition for the entire organization is provided by organizational development. OD, or organizational development, is the practice of enhancing and developing organizational processes. Understanding how to maximize the potential, efficacy, and capability of both individuals and organizations is the goal. Industrial/organizational psychology and adult developmental psychology are combined in the study of OD. In order to persuade employees to make the needed changes, organizational development places a strong emphasis on improved communication. Employee development is necessary since markets and industries are always changing.
In order to satisfy changing market demands,organizational development forces a business to continually improve personnel skill levels.
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natural monopolies pose a particular problem for policymakers because the natural monopolist is able to achieve multiple choice question. higher costs of production than multiple competing producers would. lower profits than multiple competing producers would. lower costs of production than multiple competing producers would. greater output than multiple competing producers would.
When average costs are decreasing across the range of output necessary to meet market demand, a natural monopoly develops. This frequently occurs when fixed costs are significantly higher than variable costs.
What is a natural monopoly, and how can it be controlled by the government?
A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region. Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.
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A manager that views most employees as motivated to do work is operating under blank______, while a manager that views most employees as lazy, is operating under blank______.
Answer: Theory Y; Theory X
an income statement for sam's bookstore for the first quarter of the year is presented below: sam's bookstore income statement for quarter ended march 31 sales $ 980,000 cost of goods sold 680,000 gross margin 300,000 selling and administrative expenses selling $ 110,000 administrative 124,000 234,000 net operating income $ 66,000 on average, a book sells for $70. variable selling expenses are $4 per book with the remaining selling expenses being fixed. the variable administrative expenses are 3% of sales with the remainder being fixed. the net operating income using the contribution approach for the first quarter is:
The net operating income using the contribution approach for the first quarter is $214,600
What is income?
The money that an individual or company receives in exchange for labor or products is referred to as income. Income can be defined differently depending on the context, such as taxation, accounting records, or economic analysis.
Most people define income as their total earnings from wages and salaries, investment returns, pension distribution patterns, and other receipts. For businesses, income includes revenue from selling services and products, as well as any dividends and interest received on cash accounts and stockpiles related to the business. Income is defined and measured differently by economists. Their concept of income will correlate to the purpose of their research, whether it involves earnings, savings, consumption, production, finance, public investment, or other related topics and subtopics.
The following formula is used to calculate the Contribution Margin:
Contribution Margin = Sales-Cost of Goods Sold-Variable Selling
Expenses - Variable Administrative Expenses
Number of Books Sold = Sales Reported/Average Selling per Book
= $980,000/$70 = 14,000$ books
Number of Books x Selling Expense pre unit = 14,000 books x $4 per book = $56,000
Reported Sales x 3% = $980,00 x 3% = $29,400
Contribution Margin = $980,000 - $680,000 - $56,000 - $29,400
= $214,600
The contribution margin rate is $214,600
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the following costs related to summertime company for a relevant range of up to 20,000 units annually: variable costs per unit: direct materials $2.50 direct labor 0.75 manufacturing overhead 1.25 selling and administrative 1.50 fixed costs for the period: manufacturing overhead $3,000 selling and administrative 2,000 the selling price per unit of product is $15.00. at a production and sales volume of 15,000 units, what is the total profit for summertime company?
at a production and sales volume of 15,000 units, the total profit for the summertime company is $15,000.
Manufacturing is the method of combining diverse fabric inputs and immaterial inputs (plans, understanding) so that it will make something for intake (output). It's far the act of making output, a very good or provider that has a cost and contributes to the utility of people. The vicinity of economics that focuses on manufacturing is known as the manufacturing principle, that's intertwined with the intake (or purchaser) idea of economics. The manufacturing manner and output directly result from productively using the original inputs (or factors of manufacturing). Called number one producer items or offerings, land, labor, and capital are deemed the three fundamental manufacturing elements.
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linebacker co. has 7 percent coupon bonds on the market with 9 years left to maturity. the bonds make annual payments. if the bond currently sells for $1,080, what is its ytm?
The YTM is 4.5%. Yield to maturity (YTM) is the overall rate of return that a bond will have earned once all interest payments are made and the principal is repaid.
What is yield of maturity?The entire rate of return anticipated to be earned by an investor is indicated by the yield to maturity, book yield, or redemption yield of a bond or other fixed-interest product, such as gilts.
Yield to maturity (YTM) is the overall rate of return that a bond will have earned once all interest payments are made and the principal is repaid. In essence, YTM represents the internal rate of return (IRR) on a bond if held to maturity.
A word that is closely related to bonds is yield to maturity (YTM), which calculates the investment's cash flow over time. When a bond matures, the total return anticipated is stated as an annual return.
Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.
Face value = F = $1,080
Selling price = P = $1,080.0
Number of payment = n = 7 years
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = $1,080 / 9 / 1,080 / 2
Yield to maturity = 4.5
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24. refer to charholi december 31, 2019 income statement shown below. charholi began 2019 with a taxes payable account balance of $7 million. if it ended 2019 with a taxes payable account balance of $10 million, how much did it pay in taxes in 2019? $12.6 million $18.6 million $22.6 million $25.6 million
In 2019, Charoli paid taxes of $12.6 million as per the given income statement
Taxes payable account balance at the beginning of 2019 = $7 million
Taxes payable account at the end of 2019 = $10 million
As per the given question:
The tax expense in the income statement for the year = $15.6 million
But, there has been an increase in the tax payable during the year from $7 million to $10 million.
This means that $3 million of taxes have not been paid this year.
Hence, the final tax paid by the company is = 15.6 - 3 = 12.6 million
Option 1. is the correct answer
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Which two content strategies did beauty brand clinique leverage to launch an exclusive 7-piece travel-sized kit when their almost lipstick in black honey surged in 2021?.
The two content strategies that the brand Cliniqu used to be able to get their presence known when they launched in 2021 was:
They had a partnership with inst/a/gramThey also used ads as a way of creating strategies.What is a content strategy?This is the term that is used to refer to the ways that a business would be able to get the people that they would want to have as a consumer base to see the product that they have.
It is a way of getting people to but their goods through the use of advertising. Inst/a/gram was one of the media that they partnered with for this.
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While the practice of forming an o with the thumb and index finger indicates ok in american culture, in japan it means __________.
The sign that is used for OK in the United States (a thumb and an index finger form a circle, other fingers are stretched out) means “money” in Japan.
For most English-speaking countries, the Ok gesture of America denotes permission, agreement, and that everything is fine. In Japan, the one-handed ring expression is used to represent money, and the circular shape of the fingers represents a coin. The sign is sometimes used to avoid verbal awkwardness when discussing or requesting money. In other contexts, it may imply a bribe or other illegal financial transactions, or it may indicate an open invite to enter into business negotiations.
In other parts of the world, the sign can also be used to express money, banking transactions, wealth, or the cost of an item.
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what is a useful technique that enables managers to examine the relationships among cost, price, revenue, and profit over different levels of production and sales?
Break-even analysis is a practical method that enables managers to assess the links between cost, price, revenue, and profit over various levels of production and sales.
With examples, define break-even analysis.When determining when you will break even financially, a break-even analysis compares the costs of a new business, service, or product against the unit sale price. In other words, it indicates the time when you will have generated enough revenue to pay for all of your expenses.
Assume a business has a 37% gross margin and $1 million in fixed costs. ($1 million / 0.37) yields $2.7 million as the break-even threshold. In the scenario above, the business has to make $2.7 million in sales to cover its fixed and variable costs. If it increases sales, the business will turn a profit.
Why is breakeven analysis necessary and what does it entail?A computation known as a breakeven analysis advises small business owners how much product must be sold in order to be profitable. It aids business owners in developing a pricing strategy that would produce a gross profit in addition to covering costs.
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flitter reported net income of $17,500 for the past year. at the beginning of the year the company had $200,000 in assets and $50,000 in liabilities.by the end of the year, assets had increased to $300,000 and liabilities were $75,000. calculate its return on assets:
The return on assets is calculated to be 7% if the reported net income for the past year was $17,500
To determine the return on assets, we first calculate the average total of assets as follows;
Average total assets = (Opening assets + Closing assets) ÷ 2
Substituting the given value of opening and closing assets in this equation;
Average total assets = ($200,000 + $300,000) ÷ 2
Average total assets = $500,000 ÷ 2
Average total assets = $250,000
Now we can calculate the return on assets by using the following formula;
Return on assets = Net income ÷ The total average assets
Substituting the values of net income and total average assets;
Return on assets = 17,500 ÷ 250,000
Return on assets = 0.07
Converting it into percentage;
Return on assets = 0.07 × 100 = 7%
Therefore, the return on assets is calculated to be 7% if by the end of the year, assets had increased to $300,000 and liabilities were $75,000.
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what are four positions that typically make up members of the on-site management team group of answer choices estimator, payroll, human resources, submittals project engineer, foreman, estimator, secretary project manger, superintendent, assistant superintendent, project engineer project engineer, estimator, contract administrator, and payroll
Three positions that make up the on-site project team are director, deputy superintendent, and field architect.
What is management team?A management team is a group of high-level associates hired by a business owner to take on critical business responsibilities. These are the highest levels of management within a company or business, and each specializes in a different aspect of business management, such as accounting. The Executive Management Team is in charge of managing the Company's core business operations as a whole, which necessitates the planning of various development processes, Group principles, and Group practices, as well as the monitoring of financial matters and Group business plans. A strong management team will ensure that your company's growth is sustained and long-lasting.To learn more about management , refer to:
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the dahlia flower company has earnings of $3.64 per share. if the benchmark pe for the company is 18, how much will you pay for the stock? note: do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. if the benchmark pe for the company is 21, how much will you pay for the stock?
If the benchmark PE for the company is 18, you will pay $65.12 for the stock. If the benchmark PE for the company is 21, you will pay $76.44 for the stock.
What is stock?
Stock (also known as capital stock) in the financial industry refers to the shares into which ownership of the a company or corporation is divided. A single share of stock represents a fractional ownership interest in the company based on the total number of shares. This generally entitles the shareholder to a certain percentage of the company's value, proceeds from the sale of company assets (after paying off all high ranking claims such as secured and unprotected debt), or voting rights, often allocating these in proportion to the amount of cash each stockholder has invested. Not all stock is created equal; for instance, some classes may be granted enhanced voting rights, voting rights without restrictions, or a preference for receiving profits or liquidation continues before or after other courses of shareholders.
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ppw co. leased a portion of its store to another company for eight months beginning on october 1, 20018, at a monthly rate of $800. this other company paid the entire $6,400 cash on october 1, which ppw co. recorded as unearned revenue. the journal entry made by ppw co. at year- end on december 31, 2018 would include:
The journal entry made by ppw co. at year- end on December 31, 2018 would include: 2400 DOLLARS
What is journal entry?
A diary entry is the expression of recording any transaction, whether one that is economic or not. An accounting publication that displays the debit and credit account balance of a company lists transactions. Multiple sound, that are each either one debit or a credit, may be included in the journal entry. The total of a debits and credits must be equal in order for the journal entry to be considered balanced. Depreciation or bond amortisation are examples of recurring items that can be recorded in journal entries. Accounts payable typically has a separate subledger that indirectly influence the overall ledger, and journal entries are typically entered using a different module in accounting software. As a result, general ledger account balances are changed directly by journal entries.
=$800.00 X3 =2400 DOLLARS
RENT EARNED = 2400 DOLLARS
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jenny has decided to raise the prices on the products that she sells. after doing some market research she has concluded that her business is the only producer of the product and that there are generally no substitutes. what market system is jenny in? group of answer choices
Jenny has a monopoly in the market of the product which she is selling.
A monopoly is a type of market where the good that is sold, has no close substitute, and the entire control over the price and quantity supplied lie in the hands of one sole producer. Here that producer is jenny. In marketing, a product is an object, system, or service created obtainable for consumer use as of the patron demand; it's something that will be offered to a market to satisfy the {need} or need of a customer.
In retailing, merchandise is typically noted as merchandise, and in manufacturing, products are bought as raw materials and then oversubscribed as finished goods. Service is also considered a kind of product. Commodities are sometimes raw materials that love metals and agricultural products, however, a trade good may be anything wide available within the open market. In project management, products are the formal definition of the project deliverables that structure or contribute to delivering the objectives of the project.
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which of the following factors could be a significant reason for one country to be poorer than another? a) higher rate of inefficiency. b) lower level of technology. c) none of the above. d) both a) and b). g
The factors could be a significant reason for one country to be poorer than another are
higher rate of inefficiencylower level of technologyWhy some countries are poorer than other countries?Economic considerations: Some nations have extremely high debt loads. As a result, there is relatively little money left over for development initiatives after paying large sums of money in interest and repayments. Factors related to the environment - some regions have environmental problems that can hinder development. Numerous traditional livelihoods are increasingly under threat from the overexploitation of resources like fish and minerals as well as the decreasing access to arable land (sometimes as a result of war, population growth, or climate change).
Government is partially responsible for a country's success or failure. The reason why so many nations in the third world continue to live in poverty is also due to poor management, which includes ineffectiveness in tracking the nation's income and resources, failure in diplomatic efforts, and ineffectiveness in anti-corruption campaigns.
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mansfield pharmaceuticals markets zipro, an antibiotic. the firm has fixed costs of $1,000,000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. what is the break-even volume?mansfield pharmaceuticals markets zipro, an antibiotic. the firm has fixed costs of $1,000,000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. what is the break-even volume?
125,000
Fixed Costs/ (Price-Variable Cost)
1,000,000/ (10-2)
=125,000 units is the break-even volume.
In arithmetic, a variable is a symbol and placeholder for any mathematical item. Especially, a variable can also constitute a number, a vector, a matrix, a feature, the argument of a function, a set, or a detail of a hard and fast. Algebraic computations with variables as though they had been specific numbers resolve various troubles in a single computation. As an example, the quadratic formulation solves any quadratic equation with the aid of substituting the numeric values of the coefficients of that equation for the variables that constitute them in the quadratic system. In mathematical common sense, a variable is either an image representing an unspecified term of the theory (a meta-variable) or a primary item of the theory this is manipulated without referring to its possible intuitive interpretation.
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in a perpetual inventory system, which of the following statements are true? (check all that apply.) multiple select question. the purchaser should record freight-in as an asset, inventory. the purchaser should record freight-in as a selling expense. the seller should record freight-out as a selling expense. the seller should record freight-out as cost of goods sold.
In a perpetual inventory system, the statements that are true statements includes:
The seller should record freight-out as a selling expensethe purchaser should record freight-in as an asset, Inventory.What is a perpetual inventory system?In accounting, a perpetual inventory means the method that continuously records inventory changes in real time with computerized point-of-sale systems by removing the need for physical inventory checks. This perpetual inventory provides a detailed view of changes in inventory with immediate reporting of the amount of inventory in stock and accurately reflects the level of goods on hand.
Going forward, the system of perpetual inventory is a program that continuously estimates your inventory based on your electronic records, not a physical inventory and starts with the baseline from a physical count and updates based on purchases made in and shipments made out.
In conclusion, the advantages of a perpetual inventory system are real-time updates, more exact forecasts but we must be aware of the disadvantages and its drawbacks includes lost items, scan errors, theft, hacking, etc.
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thornton universal sales' cost of goods sold (cogs) average $2,000,000 per month, and it keeps inventory equal to 50% of its monthly cogs on hand at all times. using a 365-day year, what is its inventory conversion period? a. 14.4 days b. 16.7 days c. 13.0 days d. 15.2 days e. 11.7 days
The inventory conversion period will be 15.2 days
Cost of goods per month = $2,00,0000
Calculating the cost of goods for a year -
= 12 × 2000000 ( There are 12 months in a year)
= $24,00,0000
Since inventory is 50% of monthly COGS
Therefore,
Average inventory
= 50 % of 2,00,0000
= $10,00,000
Calculating COGD per day -
= 24,00,0000/365 ( There are 365 days in a year)
= 65753.42
Calculating inventory conversion period -
Average Inventory/COGS per day
= 10,00,000/65753.42
= 15.20
The inventory conversion period will be 15.2 days
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