India is a land of fairs and festivals. There is hardly a month when there are no fairs and festivals. This shows that there was a time when India was fabulously rich. The people were happy and prosperous. They enjoyed life. A fair is an important event in the life of the villagers. It breaks the monotony of their life. They enjoy it most heartily. The dusky village children enjoy themselves for a day. It is a pleasure to see a smile on the face of the careworn wife. I happened to visit the
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As I entered the room to the fair‚ I could feel my heart beat faster. Questions of what to ask recruiters raced through my head as I walked through a sea of orange and green to see which table I should approach first. This is my second year at the career fair. Last year‚ I was turned away by most of the recruiters because I was only a first year who did not have a resume. Nevertheless‚ I still walked away with bag full of goodies and an idea what recruiters are looking for in students. This year
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Case Study Inventory The Cost of Inventory The general principle for cost inclusion into inventory for US GAAP and IFRS is similar but not exactly the same. First let us look at US GAAP. The basis of accounting for inventories is “cost‚” which is explained in ASC 330-10-30 paragraph 1 as “the sum of the applicable expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location.” These costs are divided into two different categories‚ the
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1. INVENTORY A in X The inventory of Product A and data on purchases and sales for a two-month period in Company X follow. Company X closes its books at the end of each month. It uses a periodic inventory system. Apr. 1 10 17 30 Beginning inventory Purchase Sale Ending inventory 50 units 100 units 90 units 60 units @€204 @€220 May 2 14 22 30 31 Purchase Purchase Purchase Sale Ending inventory 100 units 50 units 60 units 200 units 70 units @€216
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Inventory Management SANJAY VARDANI 4/7/2010 Accman Institute of Mangement Acknowledgement Letter Dear Sir/Madam‚ Subject: Project on Inventory Management‚ I deeply acknowledge the support of Prof. Subir Guha who initially helped and motivated us to embark on this strenuous .I would like to give thanks to providing me an opportunity to make this project. Name & Title of Authorised Representative: Signature: College Name and Address: Telephone
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Definition of the Inventory Theory Inventory theory (or more formally the mathematical theory of inventory and production) is the sub-specialty within operations research that is concerned with the design of production/inventory systems to minimize costs. It studies the decisions faced by firms and the military in connection with manufacturing‚ warehousing‚ supply chains‚ spare part allocation and so on; it provides the mathematical foundation for logistics. Inventories are materials stored
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After waiting anxiously in a two mile car line‚ which seemed more like ten miles‚ we were finally at the gate waiting to buy our ticket of fun and joy for the county fair‚ which was no different each year that came around. While waiting for my pass to paradise‚ which seemed as if we were in the same spot for hours‚ I could not stop thinking of all the fun I was going to have once we pass those rusty old gates that were separating me from heaven. What most worried me though‚ was if I would actually
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Studies Korean Red Ginseng Enterprise – Sales and Inventory System (J. De Leon‚ M. Ferrer‚ 2001) Under the Korean Red Ginseng Enterprise Sales and Inventory System‚ the researchers came up with a computerized sales and inventory system. The proponents used database to easy access of files and for easier and faster processing of the selling and inventory transaction. The program was designated to generate reports such as monthly reports‚ inventory reports‚ sales invoice and list of items. In connection
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of the newly computerized system. Almost all of the businesses are using high-end systems that can be easily used which can lessen the time consumed compare to the manual system. Inventory system is an efficient way to monitor and track different products that are being transferred in and out of the company. Inventory system serves several different purposes for the company. One purpose is to monitor the availability of the products. It is important for a company to monitor all transactions and
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age group? 7. What are the issues that their vendors face currently? 8. Are the vendors who are selling on your marketplace also selling on other marketplaces? 9. How do the vendors placing inventory on your marketplace manage their inventory? a. Are there any issues faced with managing their inventory? b. Do they ever face the problem of receiving orders for an item that their vendor is not able to fulfill because it is out-of-stock (over-ordering or running out of stock)? i. If no‚ can this
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