payable that is going to be due soon. Unfortunately, the banker refused to give any additional credit and recommended to reduce the store’s inventory through an inventory reduction sale. The banker also recommended bringing Clothier’s accounts receivable to the industry averages. Jim argued that that he was going through a temporary cash flow problem and an inventory reduction sale would have a negatively impact on the sales. The eight answers below will help to determine Reed’s Clothier financial health
Words: 1550 - Pages: 7
Supply Chain Supply chain is the network of vendors of raw materials plants that change important products and the centers of distribution for the products to get to the buyers. Myerson, P. (2015) further refers supply chain as the value of chain, it the network that includes producing and delivering services or products. The integration of customer requirements at the same time, the upstream supplier performance and internal process is mostly known as supply chain management. Supply chain strategies
Words: 866 - Pages: 4
Financial Statement Analysis and Controls Prepared for Competitive Bikes, Inc. Horizontal Analysis Using a horizontal analysis of the income statement for Competitive Bikes, several things stand out. Years 6 and 7 Comparing Years 6 and 7, the company did very well. They saw a 33% increase in net sales during Year 7, which gave them a 31.8% increase in cost of goods sold. Subtracting the dollar amounts of cost of goods sold from net sales yields an increase of 37.5% in gross
Words: 5430 - Pages: 22
Polarica’s wild berries:an example of a required storage capacity calculation and where to locate this inventory. INTRODUCTION Polarica is a company in northern Sweden. It is worldwide distributor of variety specialty food items. During the lastcouple of years the volume of wild berries, mostly blueberries,has increased a lot. This expansion forces Polarica to consider investments in freezing-in capacity and cold-storage capacity. Industrial Logistics, Lulea University of Technology were engaged
Words: 1113 - Pages: 5
cost= Ordering Cost+ Carrying cost = 416+132.48=$548.48 C) When taking price break,Q= 200,P*= 18-2= $16 Ordering cost= 1664/200 x 16= $133.12 Carrying Cost= (200/2) x 16 x23%=$368 Therefore Total spend cost= Ordering Cost+ Carrying cost+ Inventory cost= 113.12+ 368+ 1664x 16=$27125.12 When Q= EOQ= 114, Total spend cost=469.52+ 1664+ x18= $30421.52 P656 parts Weekly demand= 120,LT= 2 weeks, Price= $35/unit, Ordering cost= $2/unit Demand per year= 120x52= 6240, *D=demand,Q=quantity
Words: 1940 - Pages: 8
and efficient inventory control system, an inventory management system is imperative. Target's inventory system helps it maintain its signature slogan "expect more, pay less" guests (customers) can expect more of a better quality product while paying less for it. At any given time, “the Minnesota-based retailer manages an average of $32 billion in inventory,” reports Supply Chain Digest. The inventory system and the related cost of sales are accounted for under the retail inventory accounting method
Words: 968 - Pages: 4
+ Advertising 0 160,000 268,875 320,798 + Sales Force Expense 0 120,186 319,875 546,937 + Sales Office Expense 220,000 330,000 470,000 370,000 + Marketing Research 0 15,000 15,000 15,000 + Shipping 0 36,184 86,397 141,905 + Inventory Holding Costs 0 9,727 13,220 0 + Excess Capacity Cost 0 255,693 528,982 0 + Depreciation 0 25,000 70,833 95,833 = Total Expenses 340,000 951,790 1,833,182 1,550,473 Operating Profit -340,000 -271,913 717,807 5,231
Words: 3919 - Pages: 16
bank account.DR Rent Expense 3000CR Checking 3000To record rent expense for the month of Jan. | 3. (TCO 5) Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how limited access can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented. (10 points) (Points : 20) 1. To
Words: 2408 - Pages: 10
YOUNG 116 Lindsey Lane Murfreesboro TN 37129 cell 615-995-2179 e-mail: jefalayou@gmail.com OBJECTIVE To become affiliated with a progressive organization utilizing my years of Leadership in Logistics and Inventory Control within the warehouse environment. ACCOMPLISHMENTS Plan, direct, coordinate and assign manpower to efficiently meet production requirements for more than 40 employees while improving department efficiency over 45% inside of 90 days. Lowered
Words: 324 - Pages: 2
Overview To determine how well a company is performing, specific analyses are used to analyze operations and financial status. These analyses will ascertain the company’s ability to meet its financial obligations to creditors and investors. They will also verify that the company is in compliance with governmental regulations. The analyses will also show areas of concern and weaknesses that must be addressed. Competition Bikes will be analyzed using four methods. The first method is horizontal
Words: 4654 - Pages: 19
