AICPA每日一练之BEC【2016-3-5】

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Spotech Co.’s budgeted sales and budgeted cost of sales for the coming year are $212,000,000 and $132,500,000, respectively. Short-term interest rates are expected to average 5%. If Spotech could increase inventory turnover from its current 8.0 times per year to 10.0 times per year, its expected cost savings in the current year would be

A. $0

B. $ 828,125

C. $ 165,625

D. $3,312,500

Answer:C

C is corrent. If cost of sales is $132,500,000 and inventory turnover is 8 times per year, average inventory is $16,562,500 ($132,500,000 ÷ 8) If turnover increases to 10 times, average inventory would decrease to $13,250,000 ($132,500,000 ÷ 10). Average inventory would decrease by $3,312,500 ($16,562,500 – $13,250,000), which would save Spotech $165,625 ($3,312,500 × 5%) in interest.

A is incorrect. Interest would be saved on the reduction in the average amount of inventory on hand.

B is incorrect. This is the amount of interest on the current average inventory.

D is incorrect. This is the decrease in average inventory.

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