User Account

All Pages

By how much would hvhs reduce its investment in inventory

Assignment Help Accounting Basics
Reference no: EM133160260

Question - Happy Valley Homecare Suppliers Inc. (HVHS) had $20 million in sales this past year. Its cost of goods sold was $8 million, and its average inventory balance was $2,000,000.

a. Calculate the average number of days inventory outstanding ratios for HVHS.

b. The average days of inventory in the industry is 73 days. By how much would HVHS reduce its investment in inventory if it could improve its inventory days to meet the industry average?

Reference no: EM133160260

Questions Cloud

Failure of organizational interventions : What contributes to the success or failure of organizational interventions? What elements should OD practitioners consider when selecting an intervention?
Compute the annual cash inflow over the project life : The plant and equipment are expected to have a salvage value of P2,000,000. Compute the annual cash inflow over the project life
How should hytec reward its employees based on performance : Briefly, How should Hytec reward its employees based on performance?
Prepare the journal entry to record year two depreciation : Turquoise Associates bought a machine at the beginning of the year at a cost of $17,500. Prepare the journal entry to record Year two depreciation
By how much would hvhs reduce its investment in inventory : By how much would HVHS reduce its investment in inventory if it could improve its inventory days to meet the industry average
How much will you have after years : You save 550 per month for retirement in an account that earns 6% interest per year, compounded monthly, how much will you have after 36 years
Cost volume-profit analysis : The company produced and sold 120,000 kilograms of product during the month. There were no beginning or ending inventories.
Declining costs of international travel : "With the growth in modern communication technologies, such as email and videoconferencing, and the declining costs of international travel, expatriates will be
Readings and concepts learned throughout the program : The appropriateness of time, place, and manner is critical when interacting with others. From the readings this week, consider the question, how may I be the mo

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which type of internal control is missing

A retail home improvement chain had decreased profitability in the past 6 months due to bad debts. In order to increase sales, store managers have allowed.

  What achbar corporation stockholders equity is

The accountant calculated the return on equity as 12.5%. What Achbar Corporation's stockholders' equity to the nearest dollar is

  Fifo rarely encountered in process costing

A reason why "pure" FIFO is rarely encountered in process costing is that:

  What the deposit in transit at june is

What The deposit in transit at June 30 is? Interest income reflected in the May bank statement, recorded only in the books in June, P200,000

  Compute the average collection period and inventory turnover

Question - Kinder Company has these comparative balance sheet data: Compute the Average collection period and Inventory turnover

  Theory of corporate personality

1. The court will not allow the theory of corporate personality to be used as a means of fraud or sharp practice - the judge has the power to 'draw aside the corporate veil'.

  Ina machine company flexible budget

The production budgeted for September was 6,000 units. During the month, the company produced 6,200 units. The conversion costs incurred were:

  Complete master budget for January and February

Complete master budget for January, February, and March of 2020, The company's single product is purchased for $30 per unit and resold for $58 per unit

  The genesis operations management team is now preparing to

the genesis operations management team is now preparing to implement the operating expansion plan. previously the firms

  Show order of priority of payment of debts for rock bottom

Show the order of priority of payment of debts for Rock Bottom Ltd and calculate the amount payable to the company's ordinary unsecured creditors.

  What is the output rate of this process

The stages have output rates of 5 units/hr, 12 units/hr, 10 units/hr, and 7 units/hr, respectively. What is the output rate of this process

  Summarize management and the auditor basic responsibilities

Briefly describe the responsibility of the PCAOB with respect to standards for the professional conduct of auditors of public companies

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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