100% Correct MOS3330 Homework 10, 11 solutions
PA 10-15 (Algo) A company’s holding cost is…..
A company’s holding cost is 16 percent per year. Its annual inventory turns are 12. The company buys an item for $44.
What is the average cost (in $s) to hold each unit of this item in inventory? Note: Round your answer to 2 decimal places.
PA 10-16 (Algo) A computer company’s yearly inventory cost…
A computer company’s yearly inventory cost is 46 percent (which accounts for the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $450 million in inventory and cost of goods sold of $36 billion.
What is the company’s total inventory cost for the year (in million $s)? Note: Round your answer to the nearest integer.
PA 10-1 (Algo) Suppose a retailer turns its inventory…
Suppose a retailer turns its inventory of soda 51 times per year. On average, it has 389 bottles of soda on its shelves.
What is the retailer’s average daily sales rate? (Assume 365 days per year.) Note: Round your answer to 1 decimal place.
PA 10-13 (Algo) A retailer has annual sales of…
A retailer has annual sales of $525,000 and an average finished-goods inventory of $15,000.
If the retailer sells each unit for an average of $27 and purchases the units for $19, what is its annual inventory turnover? Note: Round your answer to 1 decimal place.
PA 10- 2 (Algo) Suppose a retailer’s annual inventory…
Suppose a retailer’s annual inventory turns are 6.1.
What are its days-of-supply of inventory? (Assume 365 days per year.) Note: Round your answer to 1 decimal place.
PA 10-4 (Algo) An electronics manufacturer has…
An electronics manufacturer has 34 days-of-supply of inventory for a particular cell phone model.
Assuming 365 days per year, what is the annual inventory turns of this cell phone model? Note: Round your answer to 1 decimal place.
PA 10-14 (Algo) An online shoe retailer’s annual cost of holding…
An online shoe retailer’s annual cost of holding inventory is 37 percent. The firm operates with a days-of-supply of 22 days, and assume there are 365 days per year.
What is the inventory holding cost (in $s) for a pair of shoes that the firm purchased for $45? Note: Round your answer to 2 decimal places.
PA 11-1 (Algo) For 21 percent of the products in a category…
For 21 percent of the products in a category, a firm fails to satisfy all demand during the month.
What is its in-stock probability?
Solution with Explanation
PA 10-15 (Algo) A company’s holding cost is…..
A company’s holding cost is 16 percent per year. Its annual inventory turns are 12. The company buys an item for $44.
What is the average cost (in $s) to hold each unit of this item in inventory? Note: Round your answer to 2 decimal places.
Answer and Explanation:
Explanation
$44 purchase / 12 turns = $3.67 average inventory. Holding cost = $3.67 × 0.16 = $0.59
PA 10-16 (Algo) A computer company’s yearly inventory cost…
A computer company’s yearly inventory cost is 46 percent (which accounts for the cost of capital for financing the inventory, warehouse space, and the cost of obsolescence). Last year, the company had $450 million in inventory and cost of goods sold of $36 billion.
What is the company’s total inventory cost for the year (in million $s)? Note: Round your answer to the nearest integer.
Answer and Explanation:
Explanation
Total inventory cost = $450 million × 0.46 = $207 million
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