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What is the physical flow of merchandise into the store, and what documents are used in connection with this flow?
What method does the company use to cost its inventory for financial statements?
Describe a JIT principle used at a past or present workplace or one with which you are personally familiar.
Develop an MRP planning schedule showing gross and net requirements and order release and receipt dates.
The entry to write off an uncollectible account using the direct write off method includes a debit to uncollectible account expense.
Q1) How many gears should be produced in each run at what minimum cost? Q2) What is the cycle time? Q3) Find the reorder point.
How much higher will total cost be, owing to the distorted EOQ caused by this forecast error?
Your supplier has provided the following price schedule: What ordering policy do you recommend?
Why are consigned goods not included in the physical inventory? Why would goods not present be determined in inventory?
In addition, finished goods inventory is $1,200,000 and sales (at cost) for the current year are expected to be about 48 million. Express total inventory as:
Jan has been approached by Knives-R-Us about buying knives under a new pricing pattern.
What is the expected total annual carrying cost plus ordering cost? How many working days should one shipment of cash last First City Bank?
Does working capital management also include the turnover of A/R, inventory and payables?
What are the costs that Seismic Testing incurs in maintaining a large inventory of the explosive?
In order for Peacock's inventory/purchase order system to function properly, control procedures should be included in the system.
Prepare the inventory section of Brook's balance sheet as of November 30, 2007, including any required note(s).
1) Determine the economic order quantity, assuming a 52 week year 2) If the copy center reorders when the supply on hand is 12 boxes, compute risk of stockout.
Annual holding costs are 45 cents per hot dog. The factory operates 300 days a year. Find: 1) The optimal run size
If carrying costs are $2 per year for each stone, find order quantity that will minimize total annual cost
What is the probability of experiencing a stockout before this order arrives?
The cost of ending Work in Process Inventory as to conversion costs is:
Compare and contrast service and merchandising businesses. What accounts would be found in a merchandising business, but not in a service business.
Q1. What are the values for order quantity and number of planned back-orders that will minimize total cost? Q2. What is the maximum inventory?
Assuming that cost of goods sold is the only variable cost, compute the contribution margin per unit for sunglasses and ice coolers.