What was the inventory turnover rate

Assignment Help Operation Management

Reference no: EM132178109

Akers Inc. maintains average inventory of $2,000,000 (at cost). Last year, Akers’ sales volume was $20,000,000 and cost of goods sold was $8,400,000. Akers has determined that its inventory carrying cost is 20 percent annually.

a. What was the inventory turnover rate?

Inventory turnover rate times

b. How much was the inventory carrying cost for the year?

Inventory carrying cost

Reference no: EM132178109

Questions Cloud

What are the different features of the space : Describe the physical characteristics and nature of the space? Is it an urban green space? A park? What are the different features of the space?

What is good and bad about the proposed goals and objectives : What is good and bad about the proposed goals and objectives? What form of communication might be best to handle this upcoming interaction?

What is the reason that r is not bcnf : Given relation R(A,B,C,D,E) with functional dependencies {AB?C, C?D, D?E}. Show how to determine the candidate key

How she should set the price for the eye-color treatment : Suppose that an inventor discovers a new chemical compound that can change the color of people's eyes with no negative side effects. Since she holds a patent.

What was the inventory turnover rate : What was the inventory turnover rate? How much was the inventory carrying cost for the year?

Computing taxable income : Ross Martin had the following tax information: Gross salary, $52,145 and Interest earnings, $205. Computing Taxable Income

What will happen to monopolist profit- maximizing output : Suppose a monopolist has to purchase new equipment and his fixed costs increase. Explain what will happen to the monopolist's profit- maximizing output.

Operating at temperature outside acceptable range : If her oven exactly meets this quality level, what percentage of the time would her oven be operating at a temperature outside the acceptable range?

How even a natural monopoly causes deadweight loss : Until the 1980s, AT&T held a monopoly over the national market for phone services. Suppose that AT&T argued that it was a natural monopoly.

User Account

All Pages