Huffy Bicycle Company manufactures bicycles in Mexico and China and sells them in the U. S at a steady rate 1000 bicycles per day. The time to ship a bicycle from Mexico is about three days on average and it is about 20 days to ship the bicycles from China. Currently, 20% of the bicycles are manufactured in Mexico and 80% of the bicycles are manufactured in China. Required:
a. What is the average number of bicycles in transit?
b. Huffy wants to change its production volumes in Mexico and China in order to ensure that its inventory turns about 30 per year. Assuming 360 days per year, what is the new inventory level in transit?

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified

The stock market is -the section of the newspaper where you learn how much a stock is worth -a place where you buy and sell stock -an organized way for people to buy and sell stocks -the same as a brokerage firm

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)