cost principle when the future utility of the inventory item falls below its original cost. 2. The lower-of-cost-or-market method is used for inventory despite being less conservative than valuing inventory at market value. 3. The purpose of the “floor” in lower-of-cost-or-market considerations is to avoid overstating inventory. 4. Application of the lower-of-cost-or-market rule results in inconsistency because a company may value inventory at cost in one year and at market in the next
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A STUDY ON “INVENTORY MANAGEMENT” [pic] “H.P.C.L VISAKHA REFINERY‚ VISAKHAPATNAM” With Reference To Hindusthan Petroleum Corporation Limited‚Visakhapatnam For The Partial Fulfillment of the Requirements For The Award of the Degree Of “MASTER OF BUSINESS ADMINISTRATION” Under the esteemed guidance CH.TRINADH RAO Submitted By K.SHANTHI REGD NO: 116C1E024 MIRACLE EDUCATIONAL GROUP OF INSTITUTIONS (Affiliated To JNTU‚ KAKINADA ) BHOGAPURAM
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TWELVE KEYS TO ANSWERED PRAYER Why does God not answer most people’s prayers? Do you know how to pray in a way that will get real results? Here are 12 practical steps that will help secure the favor of God for answered prayer! Key #1—Pray Sincerely to the True God It is absolutely vital that you pray to the very real God of the Bible if you expect genuine answers to your prayers. He reveals Himself to mankind in many ways—in creation‚ in the Bible‚ in His foretelling specific divine intervention
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MANAGEMENT OF INVENTORIES Inventory management – involves the control of the assets that are used in the production process or produced to be sold in the normal course of the firm’s operations. It can also refer to assets that are bought and sold in a trading concern business. Purpose of inventory – To uncouple the operations of the firm – that is‚ to make each function of the business independent of each function – so that delays or shutdowns in one area do not affect the production and
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CONTROL YOUR INVENTORY IN A WORLD OF LEAN RETAILING (SHRUTHI SURESH- A20265266) Manufacturers are feeling the heat‚ as retailers are forcing manufacturers to predict demand and hold considerable inventories forever as they require ongoing replenishment of stock by embracing lean retailing practices. Manufacturers are carrying the inventory cost risk. The consumers demand and preferences for variety in products are getting difficult to predict‚ which can cause risk of lost sales‚ stock
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REFINING TANKRADAR REX 3950 Refinery improved crude oil inventory control with Rosemount Tank Gauging products RESULTS • Improved crude oil inventory control • Decreased operating and maintenance costs • Reduced safety risks APPLICATION Level and temperature measurement in crude oil storage tank CUSTOMER Refinery in South-East Asia CHALLENGE This refinery had a problem with the accuracy of crude oil inventory measurement. The inventory must be closely monitored so that the tanks are not overfilled
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farther. Therefore‚ they always make decisions for their teenage children. This may affect teenagers’ futures because they will become dependent on their parents and they will not be able to make their own decisions correctly. They will neither have their own goals nor ambitions because everything in their lives is made up and decided by their parents. They end up not knowing how to deal with responsibilities as they grow up. They will not have proper decision making skills because their parents
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A REPORT ON “A STUDY ON INVENTORY MANAGEMENT IN LUCAS TVS AT PADI (T.N.)” By: Karthikeyan M S LUCAS-TVS PRIVATE LIMITED PADI (T.N.) A REPORT ON “(A STUDY ON INVENTORY MANAGEMENT IN LUCAS TVS AT PADI (T.N.)” By: Karthikeyan M.S Register No. 3511010320 Master of business Administration A report submitted in partial fulfillment of the requirements of MBA (2010-2012) SRM School of management Chennai
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For Case Study 9 (Apple Inc. in 2011)‚ the following questions are to be answered within 4-6 pages: 1. What are the chief elements of Apple’s overall competitive strategy? How well do the pieces fit together? Is the strategy evolving? 2. What are the key elements of Apple’s strategy in computers‚ personal media players‚ tablet computers‚ and smartphones? Have its strategies in its core businesses yielded success? Explain. 3. What does a competitive strength assessment reveal about Apple’s
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Managerial Decision Modeling w/ Spreadsheets‚ 3e (Balakrishnan/Render/Stair) Chapter 12 Inventory Control Models 12.1 Chapter Questions Use this information to answer the following questions. A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ordering costs are estimated at $5 per order. Assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags. It takes 5 days for each order of
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