years to present‚ the business is using manual type of system in recording‚ transactions‚ and preparing the sales report. The systems analysts will indicate the following sub-problem of the business existing system. Unsecured records of Sales Inventory Security of the business is not properly monitored using manual type of system. Unauthorized users or individuals can easily access and alter those records of sales. The records can also be misplaced or lost due to unsecured storage of keeping
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Unit 501 – use and develop systems that promote communication Learning outcome 1. Be able to address the range of communication requirements in own role. 1.1 Review the range of groups and individuals whose communication needs must be addressed in own job role. Individuals who have communication problems need support to enable them to express themselves effectively. Therefore it is vitally important in a managerial or senior role to both be aware of the individuals preferred method of communication
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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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Inventory Exercises 1. At Dot Com‚ a large retailer of popular books‚ demand is constant at 32‚000 books per ear. The cost of placing an order to replenish stock is $10 and the annual cost of holding is $4 per book. Stock is received five working days after an order has been placed. No backordering is allowed. Assume 300 working days a year. a. What is Dot Com’s optimal order quantity (EOQ)? b. What is the optimal number of order per year? c. What is the optimal interval (in working days)
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UNIT 501: USE AND DEVELOP SYSTEMS THAT PROMOTE COMMUNICATION Learning outcome 1. Be able to address the range of communication requirements in own Role. 1.1 Review the range of groups and individuals whose communication needs must be addressed in own job role. The tenants whom I am responsible for have communication difficulties and need support to enable them to express themselves effectively. It is important within my role as senior to be aware of the individuals preferred methods of communication
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Work-in-process 4 Finished goods 5 Maintenance inventory 7 Conclusion 8 Reference 9 Introduction Inventory is defined as a stock or store of goods .generally speaking‚ inventory can be divided by two types: independent demand and dependent demand‚ independent demand is kind of demand which is no need to rely others types of item they are ordered by the external customers or manufacturer for stock and sale. If one type of inventory depends upon another item‚ take the example of car.
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Cost Management A Case Study On Hawkins Cookers Limited Submitted to: Submitted By: Dr.N.K Gupta Satyabrat Kaushik Roll No. – 193 (Sec C) Table Of Contents * About the Company * Mission & Values * Product line * Costing Techniques * Cost Management System(Questionnaire) * Reporting and Evaluation (performance evaluation) * Transfer Pricing * Costing Techniques * Budgeting‚ budgetary control
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Chapter II This chapter is about the related literature of Web Based Inventory in any other Department of the Divine Word College of Laoag. This chapter of this research thesis illustrates literature reviewed before the analysis of the individual research questions outlined in "Chapter One". Since each research question itself presents explanation and exploration of an individual sub area concerning "Organization Development" and its association with IT sector. The main body presents the details
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14‚ 14‚ 15‚ 15‚ 16. The mean is 14.0mm.What is the best estimate of the standard deviation? -1mm 5 1000 bananas were collected from a single plantation and weighed.Their masses formed a normal distribution. How many bananas would be expected to be within 2 standard deviations of the mean? -950 6 In a normal distribution‚ what percentage of values fall within ±1 standard deviation of the mean and ±2 standard deviations of the mean? -1= 68% -2=95% 7 The lengths of the leaves of dandelion plants
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for the use of funds for investments within the company. In addition‚ over the past year $600‚000 has been the average investment in the company’s inventory. Accounting information shows that a total of $24‚000 was spent on taxes and insurance related to the company’s inventory. In addition‚ it has been estimated that $9000 was lost due to inventory shrinkage‚ which included damaged goods as well as pilferage. A remaining $15‚000 was spent on warehouse overhead‚ including utility expenses for
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