Business, 22.02.2021 19:10 ravenmcfarlandp07okx

Executive Enterprises Inc. produces keyboard synthesizer workstations used in the production of movie sound effects. Until recently, they manufactured products in anticipation of sales orders based on historical data, which led to significant inventory stockpiling. Their average annual sales are $273 million, cost of goods sold is 66% of sales, and their inventory turnover ratio is currently 4.0. If Executive Enterprises Inc. were to adopt a new inventory management system that allowed component parts to be delivered mere hours before they were required for assembly, the company would increase its inventory turnover ratio to 6.0. What would the reduction in inventory be if the company adopted this system?
a. $15.0 million
b. $9.0 million
c. $14.5 million
d. $10.0 million

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 00:50

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Answers: 1

Answer

Business, 22.06.2019 22:20

Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.

Answers: 1

Answer

Business, 23.06.2019 23:20

Suppose that a certain fortunate person has a net worth of $76.0 billion ($7.60×1010). if his stock has a good year and gains $3.20 billion (3.20×109) in value, what is his new net worth? suppose that this individual now decides to give one-eighth of a percent of his new net worth to charity. how many dollars are given to charity?

Answers: 3

Answer

Business, 24.06.2019 06:20

Which of the following is not a global economic forum of nations? g-8 g-20 g650 + 5

Answers: 3

Answer

You know the right answer?

Executive Enterprises Inc. produces keyboard synthesizer workstations used in the production of movi...

Questions