The ability to sell inventory and collect receivables is critical. In this topic‚ we discuss three ratios that measure this ability. Inventory Turnover. Companies generally strive to sell their inventory as quickly as possible. The faster inventory sells‚ the sooner cash comes in. Inventory turnover‚ measures the number of times a company sells its average level of inventory during a year. A fast turnover indicates ease in selling inventory; a low turnover indicates difficulty. A value of 6 means
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
Summary ABC FURNITURE MFR will be incorporated in the state of Industry Market‚ and will consist of two stockholders: Torcatoru Iulia and Zapartan Andra. The operational facilities will be located separately from the administration offices. Start-up costs have been projected with the bulk being provided by Mr. John Houseman‚ former owner of Kustom Kabinets. He has agreed to hold the equipment cost as a private note. ABC FURNITURE MFR is a manufacturer of office furniture‚ with one location
Premium Marketing
Caterpillar Inc. was formed in 1925 when Holt Manufacturing Company and the C. L. Best Tractor Co. merged to form Caterpillar Tractor Co. These two companies were formed by Benjamin Holt and Daniel Best‚ thus the two founders of Caterpillar. Throughout their history‚ Caterpillar has continued to update and diversify their product lines to meet the demands of consumers. In 1931‚ the first Diesel Sixty Tractor rolled off the assembly line in East Peoria‚ Illinois‚ offering a new efficient source
Premium Marketing Strategic management Management
"The furniture industry in Saudi Arabia has emerged as the fast growing highly untapped industry over the past few years. With the entry of a number of real estate developers and increasing demand for residential property‚ the housing industry has witnessed tremendous growth in the past. This has infused growth in the household furniture market growth. Booming economy‚ government support and young population base coupled with other secondary factors have created a strong platform for the furniture
Premium Middle East Saudi Arabia Arabian Peninsula
CLUSTER PROFILE WOODEN FURNITURE CLUSTER GUJRAT Turn Potential into Profit Small & Medium Enterprise Development Authority Ministry of Industries‚ Production & Special Initiatives Government of Pakistan http://www.smeda.org.pk 6th Floor‚ LDA Plaza‚ Egerton Road Lahore Tel: +92-42-111-111-456 Fax: +92-42-6304926-27 1 Cluster Profile Wooden Furniture‚ Gujrat TABLE OF CONTENTS 1 DESCRIPTION OF CLUSTER.................................................................................
Premium Wood Furniture Decorative arts
White Furniture Company was the “oldest maker of fine furniture.” This phrase was reiterated over and over again by longtime Mebane‚ North Carolina residents. This company employed 1 out of 20 Mebane residents and was a driving economic force in the town. White ’s “regulated many of the rhythms of the town-opening and closing time‚ lunchtime‚ weekend and holidays.” For this reason‚ when White Furniture Company closed the whole town was effected. Many individuals‚ some who had been with the factory
Premium Wage Factory Crime
ACC/544 November 12‚ 2012 Controls for Outflows Small‚ midsized‚ and large businesses need effective controls to ensure that the business has the lowest risk rate possible. The lower the risk‚ the less likely that fraud would occur. In this analysis‚ Learning Team B will provide a proposal for appropriate controls to cover cash‚ sales‚ accounts receivable‚ inventory‚ and production. The team will discuss some prevention techniques to reduce these risks and make recommendations in areas that will
Premium Inventory Accounts receivable Balance sheet
Synthesis The old acetate department located in an old four storey building follows a workflow that is heavily based on shifts/rotations because production is based on a per batch basis. A typical shift‚ the group leader and his crew would complete two or three batches. The night shift usually has lesser work because no deliveries were made. In the new system‚ the management wants to improve productivity. The department was redesigned from batches to continuous processing. Technical changes
Premium Capacity utilization Leadership
Introduction Of Apple Inc. Apple Inc. is globally renowned as one of the leading companies‚ especially for its specialization in the personal computers and consumer electronics industry. The company is most well-known for the iPod‚ a digital music player and Macintosh‚ a personal computer released in 1984. Co-founded by Steve Jobs in 1976‚ the company was named under Apple Computers Inc. and its initial product Apple IIe gained relative popularity and success. The release of the Macintosh revolutionized
Premium Apple Inc.
Why do you think people take drugs? Do you know anyone with an addiction-prone personality? What does the medical literature indicate about addictive personalities? I think people take drugs because there trying to escape or forget about something in their lives. And when they take drugs they don’t have to worry about anything that is bothering them. They also don’t have to face anything that is bothering them because there not ready or don’t wont to so they get high. Medical literature indicates
Premium Dopamine Psychology Drug addiction