Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you. a recent OM...

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you. a recent OM graduate, to divide these items into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.)

Item	Annual Demand	Cost/Unit	Dollar Volume	% of Total Dollar Volume
A2	500	300	◻	◻
B8	4000	12	48,000	7.02
C7	1500	45	67,500	9.87
D1	20	35	◻	◻
E9	1000	20	20,000	2.92
F3	34	250	◻	◻
G2	200	1500	300,000	43.85
H2	600	20	12,000	1.75
15	1000	65	◻	◻
J8	2500	5	12,500	1.83

Expert Solution

Formula Sheet

jeff jeffy answered 3 years ago

Consider the following description of an enterprise. An auction Web site has items for sale that...

Consider the following description of an enterprise. An auction Web site has items for sale that are provided by sellers. Each item has an opening price, a description, and ending time. Customers submit bids. The highest earliest bid submitted before the ending time is the winning bid and the item is sold to the bidder. Each seller must pay 5% of the winning bid. The auction company wants to be able to analyze the sales behavior of its customers and...

20 Items were randomly selected from a large inventory. If 10% of the items in the...

20 Items were randomly selected from a large inventory. If 10% of the items in the inventory are made in Asia, 1. What is the probability that exactly 4 of the 20 items selected are made in Asia? (2 Points) 2. What is the probability that at most 4 of the 20 items selected are made in Asia? (2 Points)

Takke Company orders 10 inventory part items on a purchase order. All 10 items are received...

Takke Company orders 10 inventory part items on a purchase order. All 10 items are received along with the bill. Takke Company opens a bill form and selects the vendor. What is the next step? Select one: A. Takke should add the items (including quantities) from the purchase order to the bill. B. Takke should close the bill form, open the purchase order, and select Create Bill. C. Takke should manually enter the items and quantities received in the item...

Windward Corporation uses the Specific Identification inventory method. The Company has the following inventory items and...

Windward Corporation uses the Specific Identification inventory method. The Company has the following inventory items and costs for the Period. Beginning inventory of 3 units purchased for $4,100 each. January 20, purchase 2 units for $4,200 each. February 3, purchase 3 units for $4,500 each. February 14, sold 5 units for $5,800 each (3 units from the beginning Inventory and 2 units from the February 3rd purchase) 1. What is the total cost of the units in inventory at March...

Which of the following are independent demand inventory items? Dependent demand inventory items? 1. Bicycles in...

Which of the following are independent demand inventory items? Dependent demand inventory items? 1. Bicycles in a toy store 2. Bicycle wheels in a bicycle factory 3. Blood at a blood bank 4. Hamburgers at a fast-food restaurant 5. Hamburger buns at a plant that produces frozen dinners Explain each with the reason and principle behind it.

Inventory Kobe Inc. has purchased the following inventory items during the month of April. April 1 ...

Inventory Kobe Inc. has purchased the following inventory items during the month of April. April 1 5,000 units @ $5 each April 10 10,000 units @ $10 each April 16 10,000 units @ $20 each April 28 5,000 units @ 15 each Beginning inventory for Kobe Inc. @ March 31, 2018 as 10,000 @ $1 each. Kobe Inc. sold 10,000 units for $30 on April 8 and 20,000 units for $40 on April 30. What would be the Cost of...

A small toy store has organized its 10 inventory items on an annual dollar-volume basis. The...

A small toy store has organized its 10 inventory items on an annual dollar-volume basis. The information below shows the items, their annual demands, and unit costs. How should the store classify these items into groups A, B, and C? Item Number Annual Volume (Units) Unit Cost ($) Item 1 300 $10 Item 2 1000 $30 Item 3 500 $60 Item 4 100 $2 Item 5 1500 $20 Item 6 600 $50 Item 7 2000 $1.50 Item 8 900 $70 Item 9 ...

om Alexander has an opportunity to purchase any of the investments shown in the following? table,The...

om Alexander has an opportunity to purchase any of the investments shown in the following? table,The purchase? price, the amount of the single cash? inflow, and its year of receipt are given for each investment. Which purchase recommendations would you? make, assuming that Tom can earn? 10% on his? investments? $5,000 $10,718 7 $150 $1,110 22 $950 $3,280 12 $250 $12,446 42

An inventory control employee selected a random sample of 10 items stored in a warehouse containing hundreds of items.

An inventory control employee selected a random sample of 10 items stored in a warehouse containing hundreds of items. If 98% of all the items in the warehouse have an actual count that matches the recorded count: (a) What is the probability that all 10 of the items selected have actual counts which match the recorded counts? (b) What is the probability that 8 or more of the items selected have actual counts which match the recorded counts?

Sam's Corner Store has the following purchase and sales information for one of their inventory items:...

Sam's Corner Store has the following purchase and sales information for one of their inventory items: Date Units $/Unit. Total Feb 1 Opening inventory 10 $8 $80 Feb 9 Purchase 25 $9 $225 Feb 15 Sale 15 $15 $225 Feb 17 Purchase 20 $11 $220 Feb 25 Sale 10 $16 $160 Required: For (a) and (b) assume the company uses the periodic inventory system. (a) Calculate the gross profit if the company uses first-in, first-out (FIFO) (b) Calculate the value...

Question