Inventory

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is considered inventory and can be a substantial portion of their current assets. There is a balance of inventory that needs to exist. If there is too much inventory then there are concerns of storage, obsolescence and spoilage. If there is not enough inventory then the loss of revenue opportunities can arise. Inventory is an important factor to the revenue, shareholder earnings and the tax liability of a company. There are four accounting methods that can be used to manage inventory and the…

capital studies located more significance on rising need for mathematical models, as decision making supporting tool for working capital management modules. Beranek (1963) stated a simultaneous decision-making model among cash discount practice and inventory levels. He makes a conclusion that the optimal cash discount rate depended on the level of…

The types of adjusting journal entries I would make in the periodic vs the perpetual would be ones to the purchase account. The account is recorded with each transaction as a single journal entry. Considering the cost of goods sold and merchandise inventory is not updated…

Days in inventory = Inventory / (Cost of goods sold÷365 days) = $89,562 / ($466,562÷365 days) = $89,562 / 1,278.25 = 70.07 ≈ 70 days Days sales outstanding = Accounts receivable / (Annual credit sales÷365 days) = $56,753 / (727,679÷365 days) = $56,753 / 1,993.64 = 28.47 ≈ 28 days Days in payables = Accounts payable / (Cost of goods sold÷365 days) = $38,585 / ($466,562÷365 days) = $38,585 / 1,278.25 = 30.19 ≈ 30 days Cash conversion period = Days in inventory + Days sales…

pursuing a revamp of their information management process to continue to advance in profitability Business situation The owners have recognized the imminent need to update the IT equipment, computer software applications, and inventory processes. A main concern is the inventory is not available in real-time which leads to overstock of some products and being out-of-stock on others. In one month, a popular menu item was out-of-stock on (6) different occasions. Utilizing an Excel…

2% PepsiCo 6,954 7,041 -84 -1% Total Assets Invested in Inventory Coca-Cola has total inventory of $ 3,277 and its total asset is $ 90,055.Therefore, it shows 3.63 percent of inventory to total assets for Coca-Cola, and PepsiCo has 4.03 percent of inventory to its total assets. Maintaining the right amount of inventory is an important part of managing the company’s business resources and its cash flows. If there is too much inventory, it takes up valuable resources and cash flows that…

They are used in overall assessing of the control performance for the storage group facilities. The inventory measures, facility percentage that is experienced on specific products stock out, expected to be provided by an expected site, at any point, within defined time periods. It measures product availability over a period of time. The distribution indicator…

Job-order costing and process costing are two method that determining unit product costs. Process costing is used when industries that convert raw materials into homogeneous product, such as bricks, or paper on a continuous basis while Job-order costing is used when many different jobs or products are worked on each period. According to Kohler, in his book “Dictionary for Accountants” describe the method of process costing a cost accounting whereby costs are charged to processes or operations…

merchandise inventory at the lower-of-cost-or-market. Freight-related costs from their vendors are included as part of the net cost of merchandise inventories. Other costs associated with acquiring, storing and transporting merchandise inventories to their retail stores are expensed as incurred and included in the cost of goods sold (Merchandise Inventories, 62). The inventory estimate adjusts for projected physical inventory losses. Physical inventory is taken periodically to ensure the…