0
What else can I help you with?
What are inventory cost drivers?
Inventory cost drivers are factors that influence the total costs associated with holding and managing inventory. Key drivers include purchase costs, storage costs, handling and labor expenses, and obsolescence risks. Additionally, demand variability, lead times, and order quantities can also impact inventory costs. Understanding these drivers helps businesses optimize inventory levels and reduce overall expenses.
What are some risk factors to consider which will impact on the audit of accounts receivables and inventory?
answer your own 304 assignment question you stupid f@ck face
What is the difference between periodic inventory and perpetual inventory?
Periodic inventory method calculate ending stock at the end of the accounting period, which could be Month to Date or Year to Date, while Perpetual inventory system calculates the ending stock on a continuous basis after each transaction (Purchase or Sell). Within Retail industry, periodic inventory method used for inventory valuation at the stores, whereas distributer like SuperValu (in US) follows perpetual inventory method to track inventory in their distribution centers. As a best practice, some of the retail companies are using perpetual accounting method to track inventory available in warehourses and distribution centers. In an idealistic world, perpetual inventory method can provide the true and real time inventory information, however due to complexities in consolidating all the purchases, sales, shrinkages and other market factors, it is advisable for retail companies to follow periodic accounting method to analyze and review the results before presenting the inventory valuation results to internal and external agencies like Shareholders, Income Tax Authorities, et el.
Under a perpetual inventory system?
A perpetual inventory system relies on using documents on an active, day-to-day basis for a precise report at any time; a physical inventory system is a more rarely-used approach to doing an actual...An inventory that assumes that the first items purchased (first in) were the first items sold (first out).One keeping continual track of additions or deletions in materials, work-in-process, and cost of goods sold on a day-to-day basis Factors i) Company must have a proper system of receipts and...
What factors determine the need for cash in the firm's operation?
Operating Cash Flow is calculated using adjusting net income for items (depreciation, changes to accounts receivable, and changes to inventory).
What are the economic factors to consider in establishing pineapple orchard?
factors considered in establishing pineaple orchard.
Economic factors to be considered in establishing pineapple orchard?
Economical factors to be considered when establishing pineapple orchards are; the price and upkeep of the land. Plus growing and reaping the pineapples and maintenance of staff.
Economic factors considered in establishing a pineapple orchard?
One of the economic factors to be considered in establishing a pineapple orchard is the market for pineapples itself. If there is a great demand for pineapples, successfully growing them would be a profitable venture.
How do you calculate inventory holding cost and what factors should be considered in the calculation?
Inventory holding cost is calculated by adding up all the expenses associated with storing and managing inventory, such as storage space, insurance, handling, and obsolescence. Factors to consider in the calculation include the cost of capital tied up in inventory, the length of time inventory is held, and any potential risks or fluctuations in demand that could impact the cost of holding inventory.
Factors to be considered when establishing a farm?
factors to consider before estblishing a farm: - capital. - techinical know how. - land. - market. - source of inputs. - source of water . - source of power. - labour availability.
What are the important factors that you would take into consideration while establishing a profit center?
what are the important factors that you would take into consideration while establishing a profit centre?
What is the impact based on Inventory turnover?
Inventory turnover is the standard at which product inventory is acquired or made and further sold within a year. An assessment of all inventory-related business factors will have an impact on inventory turnover.
What factors might result for inaccurate inventory files?
Inaccurate inventory files can result from errors in data entry, improper tracking of incoming and outgoing inventory, lack of regular inventory audits, and discrepancies between physical inventory counts and recorded numbers. These factors can lead to issues such as stockouts, overstock, wrong order fulfillment, and financial losses. Regular monitoring and reconciliation of inventory can help mitigate these inaccuracies.
What element of a storekeeper's job is most difficult?
Managing inventory effectively can be the most difficult element of a storekeeper's job. This includes ensuring there are enough products in stock to meet demand, while also minimizing excess inventory to control costs. Balancing these factors requires careful planning and organization.
What does the control group mean?
In a control group, factors are consistant- the factors do not change
What is the unchanged standard against which the effects of changed or unknown factors?
It is the "CONTROL". Think control group...
What were some factors that led to the sucsess of the Persian Empire?
Establishing internal and external security, encouraging prosperity and establishing 20 provinces with Persian governors to promote and progress this.
