Formula of inventory levels
Write down the formula of the following inventory levels?
Expert
i) Re-order level ii) Maximum level iii) Minimum level iv) Danger level i) Re-order level = Maximum Lead Time x Minimum Lead Time ii) Maximum level = Reorder Level + Reorder Quantity – (Minimum Usage x Minimum Lead Time) iii) Minimum level = Reorder Level – (Normal Usage x Normal Lead Time) iv) Danger level = Maximum Level x Lead time for Emergency purchases.
Briefly describe the term Gross Profit?
Give a brief introduction of the term ‘Money Measurement Concept’?
Describe briefly the term Revenue Expenditure?
Give a brief introduction of the term ‘Convention of Conservation’?
Give a brief introduction of the term ‘Convention of Consistency’?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Write down the procedure of capital budgeting?
Write down the requirement of depreciation account?
Briefly describe why professional accountancy bodies issue codes of the ethics for their members.
Give a brief introduction of the term ‘Listed Company’?
18,76,764
1932094 Asked
3,689
Active Tutors
1433226
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!