Population Size (N) items Confidence Level 90% (Z = 1.645)95% (Z = 1.96)99% (Z = 2.576) Margin of Error % Expected Proportion (p) 0.5 = max variability Required Sample Size items Sampling Percentage % Calculate Reset Copy Result Sample Size Formula: Initial Sample Size: n₀ = (Z² × p × (1-p)) ÷ e² Finite Population…
Cost of Goods Sold (COGS) $ Beginning Inventory $ Ending Inventory $ Average Inventory $ Inventory Period days Inventory Turnover Ratio times/year Calculate Reset Copy Result Inventory Period Formulas: Average Inventory: (Beginning Inventory + Ending Inventory) ÷ 2 Inventory Turnover: Cost of Goods Sold ÷ Average Inventory Inventory Period: (Average Inventory ÷ COGS) × 365…
Expected Inventory units Actual Inventory (Physical Count) units Inventory Difference units Variance Percentage % Calculate Reset Copy Result Inventory Difference Formulas: Inventory Difference: Actual Inventory (AI) – Expected Inventory (EI) Variance Percentage: (Inventory Difference ÷ Expected Inventory) × 100 Inventory difference helps identify discrepancies between recorded and actual inventory levels, indicating potential issues with theft,…
Beginning Inventory $ Total Purchases $ Ending Inventory $ Cost of Goods Available for Sale $ Cost of Goods Sold (COGS) $ Calculate Reset Copy Result Periodic Inventory Formulas: Goods Available for Sale: Beginning Inventory (BI) + Purchases (P) Cost of Goods Sold: Beginning Inventory + Purchases – Ending Inventory The periodic inventory system updates…
Beginning Inventory $ Total Purchases $ Ending Inventory $ Cost of Goods Available for Sale $ Cost of Goods Sold (COGS) $ Calculate Reset Copy Result Periodic Inventory Formulas: Goods Available for Sale: Beginning Inventory (BI) + Purchases (P) Cost of Goods Sold: Beginning Inventory + Purchases – Ending Inventory The periodic inventory system updates…
Cost of Goods Sold (COGS) $ Beginning Inventory $ Ending Inventory $ Average Inventory $ Inventory Ratio (Turnover Ratio) times Days to Sell Inventory days Calculate Reset Copy Result Inventory Ratio Formulas: Average Inventory: (Beginning Inventory + Ending Inventory) ÷ 2 Inventory Ratio: Cost of Goods Sold ÷ Average Inventory Days to Sell: 365 ÷…
Beginning Inventory $ Total Purchases $ Cost of Sales (COGS) $ Ending Inventory $ Calculate Reset Copy Result Perpetual Inventory Formula: Formula: Ending Inventory (EI) = Beginning Inventory (BI) + Purchases (P) – Cost of Sales (CS) A perpetual inventory system continuously tracks inventory levels in real-time, updating records immediately when transactions occur. This provides…
Beginning WIP Inventory $ Total Manufacturing Costs $ Cost of Goods Manufactured (COGM) $ Ending WIP Inventory $ Calculate Reset Copy Result WIP Inventory Formula: Formula: Ending WIP Inventory = Beginning WIP + Manufacturing Costs – COGM Work in Process (WIP) inventory represents the value of partially completed goods in manufacturing. It includes raw materials,…
Total Cash Inflows $ Total Cash Outflows $ Net Increase In Cash $ Calculate Reset Copy Result Formula & Calculation: Formula: Net Increase in Cash (NIC) = Cash Inflows (CI) – Cash Outflows (CO) This metric represents the change in a company’s cash position over a specific period. A positive result indicates cash increased, while…
Account Balance $ Risk Percentage Per Trade % Risk Per Trade (Dollar Amount) $ Calculate Reset Copy Result Formula & Risk Management: Formula: Risk Per Trade (RPT) = Account Balance (AB) × (Risk Percentage / 100) This calculator helps determine the dollar amount you should risk on each trade based on your account size and…