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centralized approach
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∙ 9y ago
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Is inventory shrinkage recorded as an expense?
As a reduction to merchandise inventory
Why is slow inventory turnover a concern?
Slow inventory turnover means that you have too much capital invested in inventory. You could reduce inventory levels and put that money to better use - marketing, reduction of debt, etc
Do increases in inventory increase or decrease cash flow?
Increase in amount of inventory causes the decrease in cash flow of company as company pays the cash to acquire inventory and hence reduction in cash flow occurs.
Needs of inventory management?
Inventory Management helps in the followoing:Right product/material in right quantity at right timeMeeting the material/product requirement efficiently.Maintaining optimum inventory levelReducing cost of stock in hold by maintaining optimum level of inventory.Overall reduction in unit cost
How are purchase discounts and purchase returns recorded by a company using the periodic inventory system?
They are recorded as a direct reduction to the Purchases account.
What situation brings about inventory reduction?
Theft
What situation brings about an inventory reduction logistics?
Decentralized approach.
Is inventory shrinkage recorded as an expense?
As a reduction to merchandise inventory
Why is slow inventory turnover a concern?
Slow inventory turnover means that you have too much capital invested in inventory. You could reduce inventory levels and put that money to better use - marketing, reduction of debt, etc
Do increases in inventory increase or decrease cash flow?
Increase in amount of inventory causes the decrease in cash flow of company as company pays the cash to acquire inventory and hence reduction in cash flow occurs.
Are inventory tags worth the cost?
Inventory tags are worth the cost because they tend to keep inventory straight. You will have an organized inventory and an easier tab on inventory.It all depends on type of situation.
Where do you find the inventory on Panfu?
You need to click on yourself then it brings up a book tipe thing. Then look at the tabs on the right hand side one will have clothes on it and that is your inventory on panfu!
The situation that requires a departure from the cost basis of accounting to the lower of cost or market basis in valuing inventory is necessitated by?
Decline in the value of inventory
What is it called new type of audience analysis that brings national issues down to the individual level?
personal inventory
What are some comparable alternatives to lip reduction surgery?
You can get a lip lift. It brings the same results only with no surgery.
Needs of inventory management?
Inventory Management helps in the followoing:Right product/material in right quantity at right timeMeeting the material/product requirement efficiently.Maintaining optimum inventory levelReducing cost of stock in hold by maintaining optimum level of inventory.Overall reduction in unit cost
How are purchase discounts and purchase returns recorded by a company using the periodic inventory system?
They are recorded as a direct reduction to the Purchases account.
