This paper circulates around the core theme of Suppose the revenue for a firm is $2,500,000. Its cost of goods sold is $85,000, and its average inventory value for the year is $62,000. What is the firm’s inventory turnover? together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Suppose
the revenue for a firm is $2,500,000. Its cost of goods sold is $85,000, and
its average inventory value for the year is $62,000. What is the firm’s
inventory turnover?
Please include the formula, at least
one step of calculation, and the correct answer for full credit. (6 points)
3. Given the following information, compute the
economic order quantity of the inventory system.
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Annual Demand
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50,000 units
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Order Cost
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$150 per order
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Unit Cost
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$100 per unit
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Inventory Holding
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10% of unit cost
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Please include the formula, at least
one step of calculation, and the correct answer for full credit.
