they do not thaw and compromise the efficacy of the product. Once the product is received‚ it must be stored properly‚ not only to ensure correct temperatures are maintained‚ but to be sure stock is rotated. Stock should be rotated according to the FIFO procedure‚ or “First In‚ First Out”‚ with the oldest product at the front and the newest at the back. This helps to make sure product is used before the expiration date so that nothing has to be thrown away‚ which would waste money. Expired product
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Disclosure Analysis A company reports several items in the current asset section of its balance sheet. The basis of those items reported contain the company ’s cash and cash equivalents‚ inventories and receivables. Current assets are vital to the operation of a company and are the company ’s source of readily accessible funding. Lowe ’s Company‚ Inc. and subsidiaries ("Lowe ’s")‚ a home improvement retail chain store‚ reported cash and cash equivalents‚ receivables and inventories in their
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Implementation of Lean System on Erbium Doped Fibre Amplifier Manufacturing Process to Reduce Production Time T. Maneechotea and P. Luangpaiboonb Industrial Statistics and Operational Research Unit (ISO-RU)‚ Department of Industrial Engineering‚ Faculty of Engineering‚ Thammasat University‚ 12120‚ THAILAND. (email: Thiti.Maneechote@gmail.com) b Industrial Statistics and Operational Research Unit (ISO-RU)‚ Department of Industrial Engineering‚ Faculty of Engineering‚ Thammasat University‚ 12120
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Dell case According to the 10-K filed on 30/13/2012 on Dell’s website‚ the following data has been appeared on the fiscal 2012 financial statement. Sales: 62‚071 Total Assets: 44‚533 Net income: 3‚492 Cash flows from operating activities: 5‚527 Number of employee: 2012 109‚400(106700 regular employee and 2‚700 temporary employee) 2011 103‚300(100‚300 regular employee and 3‚000 temporary employee) 39‚900 located in USA and 66‚800 in other countries Dell’s products Dell’s products
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by INE 1) If we divide users of ratios into short term lenders‚ long term lenders‚ and stockholders‚ which ratios would each group be most interested I‚ and for what reasons? • Short term lenders o Will be most interested in the firm’s ability to repay debt so they would be interested in the liquidity ratios‚ Current ratio and Quick ratio. • Long term lenders o Will be most interested in ▪ Debt to total assets but also in
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Old Exam Packet – Acct 284 Fall 2009 Exam 1 – Fall 2008 Investing activities: a. involve day to day events like selling goods and services‚ which occur when running a business. b. involve the buying or selling of land‚ buildings‚ equipment‚ and other longer-term investments. c. only involve financial exchanges. d. All of these. Accumulated depreciation: a. is an expense account. b. is a liability account. c. is a regular asset account. d. is an asset contra-account.
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1. The assumption that a business can continue to remain in operation into the future is the: a. Historical cost principle. b. Unit-of-measure assumption. c. Continuity assumption. * d. Separate-entity assumption. 2. Sales revenue should be recognised when goods and services have been supplied; costs are incurred when goods and services have been received. Which accounting concept governs the above? a. The prudence concept b. The materiality concept c. The accruals concept * d. The
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no accountants on staff insignificant receivables and payables all sales and purchases on account 5. (TCO D) In a period of increasing prices‚ which inventory cost flow assumption will result in the lowest amount of income tax expense? (Points : 5) FIFO LIFO The average cost method Income tax expense for the period will be the same under all assumptions. 6. (TCOs A‚ E) Equipment was purchased for $60‚000. Freight charges amounted to $2‚800 and there was a cost of $8‚000 for building a foundation
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Group A case study: Carl’s Computer Annual average cost between A233 circuit board and P656 power supply. Formula‚ EOQ = √ (2 × D × Co) / IC CC = (Q / 2) IC CC CO = (D / Q) CO TC = CO + CC R = D / Q × LT Information given as below: A233 circuit board Average weekly usage = 32 units Annual demand‚ D = 32 units × 52 weeks = 1664 units Lead time = 1 week Cost per unit‚ CC = $18 Order cost‚ CO = $16 Quantity to fill the bin = 64 units Inventory holding cost‚ IC = 23% = 23% × $18 = $4.14 per circuit
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Question 1. How important is turnaround time (TAT) in this business? In summary: The turnaround time (TAT) in the insurance business is very important. This because of the following arguments: - The most important factor to the agents in the insurance markets is the level of service provided. One of the most important aspects that determine the service level is the speed of handling the requests (TAT). - In addition‚ the factors that drive profitability in the industry are related
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