What is the inventory turnover for the month

Assignment Help Financial Management
Reference no: EM13954706

A manufacturing plant averaged $740 of raw materials, $230 of work-in-process inventory, and $1030 of finished goods inventory during the month. If the cost of goods sold this month amounted to $10,000, what is the inventory turnover for the month?

Reference no: EM13954706

Questions Cloud

Organizational culture is considered product and process : Organizational culture is considered a product and a process. Discuss organizational culture as a product and a process. Which concept do you favor and why?
Identify the stage of the disease for this patient : Identify the stage of the disease for this patient. Identify how the disease is different from similar diseases. Discuss the possible treatments for the disease.
Residual value of the item of equipment : The vehicle is sold for £6,500 on 1.12.X2 and an item of equipment costing £1,500 for £1,200 on the same date. Assume that the residual value of the item of equipment sold was estimated to be £100 at its date of purchase. Assume a full year's depr..
Calculate the new breakeven point in monthly sales dollars : MSM company sells clothing for young adults. The firm has normal monthly fixed costs Calculate the new breakeven point in monthly sales dollars
What is the inventory turnover for the month : A manufacturing plant averaged $740 of raw materials, $230 of work-in-process inventory, and $1030 of finished goods inventory during the month. If the cost of goods sold this month amounted to $10,000, what is the inventory turnover for the month?
Which is the best definition of culture : Which of the following is the best definition of culture? 1 A lifestyle 2 A set of rules 3 A learned systems of shared understandings 4 Music
How technology affect delivery of health care in radiologic : How has technology affected the delivery of health care in radiologic and imaging sciences? How has fusion technology influenced patient care and diagnosis and how has this development impacted the growth of professionals within allied health?
Lower production costs and increase productivity : Briefly explain how a company can achieve lower production costs and increase productivity by improving the quality of its products or services.
An energy level diagram to show the formation : An energy level diagram to show the formation of these hybrid orbitals, naming the type of hybrid orbitals found in ammonia and the 4 on the N atom and how many will actually take part in bonding and why. Also I need help drawing an energy level diag..

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd