because they get paid to much
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Royal industries
It is still necessary to mark frozen food with the dates. Freezing extends the shelf life, but there will still be some deterioration of the food in the freezer, so FIFO rules still apply.
It is still necessary to mark frozen food with the dates. Freezing extends the shelf life, but there will still be some deterioration of the food in the freezer, so FIFO rules still apply.
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You can apply at your own bank for a loan but you will need some cash of your own. Some companies offer finance on their equipment as well.
I would not say it is not necessary, because it is - just not required by United States law. You still need it for FIFO rotation. Frozen foods do deteriorate, but not at the rate of their refrigerated kin.
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If inventory goods are perishable, then FIFO is the best method because older goods need to be sold before newer goods. Some companies use LIFO because this strategy means less taxable income (assuming that prices are increasing). Regardless, whatever strategy a business uses for statements it must also use that strategy for income tax preparation.
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