Barington Mills manufactures denim cloth from two primary raw materials, cotton and dye. Work-in-process includes lapped cotton, spun yarn, and undyed cloth, while finished goods include three grades of dyed cloth. The average inventory amounts on hand at any one time last year and the unit costs are as follows.10-5. 10-6. Year 1 2 3 4 Raw Materials Average Inventory Unit Cost Cotton Dye Lapped cotton Spun yarn Undyed cloth Grade 1 cloth Grade 2 cloth Grade 3 cloth 70,000 lb. 125,000 gal. 2000 rolls 5000 spools 500 rolls 250 rolls 190 rolls 310 rolls $2.75 5.00 $10.50 6.75 26.10 $65.00 80.00 105.00 Component parts Work-in-process Finished computers Cost of goods sold $20.5 27.8 30.8 4.2 6.7 7.1 3.6 7.2 8.6 226.0 345.0 517.0 37.3 9.5 10.1 680.0 days of supply Work-in-Process
a. Determine the number of inventory turns and the for each year.
b. As the company has grown, does it appear that the company’s supply chain performance has improved? Explain your answer.
c. If the company wants to improve its supply chain performance, what items should it focus on? Why?

Long-distance providers are becoming increasingly concerned about certain activities within their industry. various companies come together voluntarily to implement new standards of social responsibility that members must abide by. what seems to be the primary motivation in this case for an increased interest in social responsibility? - because corporations are creations of society, they are responsible for giving back to the communities in which they operate.- these companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.- these companies are using social responsibility as a means to increase their profitability, both short term and long term.- long-distance providers have started taking pride in their industry and its record for social responsibility.- they feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.

Alandowner and his neighbor purchased adjoining undeveloped lots. after both built homes on their respective lots, the landowner suggested to the neighbor that a common driveway be built where the two lots joined. the neighbor agreed. the landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. the agreement was recorded in the county recorder's office. two years later, the neighbor built a new driveway located entirely on his lot. the common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. the landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. three years later, the neighbor conveyed his lot to a friend. the friend entered into possession and used only the driveway built by the neighbor. by this time, the common driveway had deteriorated badly and contained numerous potholes. the landowner asked the friend to pay half of what it would take to repair the common driveway. the friend refused. the landowner repaired the driveway and sued the friend for 50% of the cost of repairs. will the landowner prevail?

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?