What is the average inventory it holds

Assignment Help Operation Management
Reference no: EM131681641

In 2013, Firm ABC’s annual inventory turns were 8, and its Cost of Goods Sold (COGS) was $ 591 million. What is the average inventory it holds in $ million during 2013? Round your answer to the nearest integer. For example, if your answer is $201.32 million or $201,320,000, input 201.

Reference no: EM131681641

Questions Cloud

Economic situation changed : This year the weather smiled on us, and we made a crop," says a wheat farmer near Minnedosa in Manitoba. "But just as we made a crop.
How can the incidence of white collar crime be reduced : how can the incidence of white collar crime be reduced, Why are these types of crimes not always subject to legislation
How the accounts apply to the case of justice : Explain their respective accounts of virtue how the accounts apply to the case of justice. Locate a point of disagreement between the two.
Research each side of the net neutrality debate : Using online sources, have two teams research each side of the Net Neutrality debate. In class, each team should make a 5-10 minute presentation to support.
What is the average inventory it holds : In 2013, Firm ABC’s annual inventory turns were 8, and its Cost of Goods Sold was $ 591 million. What is average inventory it holds in $ million during 2013.
Define types of effective delinquency prevention programs : Identify and describe at least three types of effective delinquency prevention programs
Find a news article about a homicide : Find a news article about a homicide. Summarize the incident. State why you chose it, and why it seems to be controversial.
Demand for medical care more for mild illnesses : Why do deductibles affect the demand for medical care more for mild illnesses than severe illnesses?
Define the kind of information that companies like : Have each member of your team identify a Social Media Monitoring service and explore the kind of information that companies like these can collect.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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