Calculation of inventory conversion period

Assignment Help Financial Accounting

Reference no: EM1310954

Calculation of inventory conversion period.

On average, Bragg Inc. has sales of $2,000,000 per month. It keeps inventory equal to 50% of its monthly sales on hand at all times. Based on using a 365-day year, what is the inventory conversion period?

a) 11.7

b) 13.0

c) 14.4

d) 15.2

e) 16.7

Reference no: EM1310954

Questions Cloud

Motivation and skills to be a passionate reader : How do some people develop the motivation and skills to be a passionate reader?

Example of empathic understanding : Why would the following example of empathic understanding be incorrect?

Egocentrism-according to jean piaget : Preoperational thought process, according to Jean Piaget: egocentrism, a focus on perceptual appearances, difficulty reasoning about transformations, and lack of hierarchical classification.

Determining the losses claim : During 2012, Lorraine sold the following assets: business equipment for a $8,000 loss, stock investment for a $10,000 loss, and her principal residence for a $26,000 loss. how much of these losses may Lorraine claim on her 2012 return?

Calculation of inventory conversion period : It keeps inventory equal to 50% of its monthly sales on hand at all times. Based on using a 365-day year, what is the inventory conversion period

By how many days would the cash conversion cycle be changed : By how many days would the cash conversion cycle be changed? - Cash conversion cycle

Evaluate the firm''s cash conversion cycle : Evaluate the firm's cash conversion cycle. Using the following information and a 365-day year, what is your estimate of the firm's present cash conversion cycle?

Expenses and non-controlling interest : An enterprise that holds a variable interest in variable interest entity is required to consolidate assets, liabilities, revenues and expenses, and the non-controlling interest of that entity if:

Evaluate the contribution margin per unit : For each model, evaluate the contribution margin per unit. and For each model, compute the contribution margin per machine-hour.

Reviews

Write a Review

Required(*) Message

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

User Account

All Pages