Need Help on the following question. Question #1 You have been hired by the CEO of a soon-to-be-opened bookstore to develop procedures to help control inventory. List, describe, and defend four procedures you recommend be implemented to control inventory. As part of your response, be sure to describe any potential costs associated with these procedures.

6. Discuss the inventory policies of Nordstrom to that of other department or retail stores.  Does this policy impact customer service?

In QuickBooks Online, what is the difference between a service item and a non-inventory item? Select an answer: A service item is used to track income or expenses related to research and development, while a non-inventory item is used to track income or expenses related to advertising and marketing. A service item is used to track income or expenses related to products that the company stocks or resells, while a non-inventory item is used to track income or expenses related to services provided. A service item is used to track income or expenses related to fixed assets, while a non-inventory item is used to track income or expenses related to intangible assets. A service item is used to track income or expenses related to services provided, while a non-inventory item is used to track income or expenses related to products that the company does not stock or resell.

Every day, businesses have to make decisions that affect their bottom line. One such decision pertains to valuing inventory. Imagine that you have decided to open a new electronics store. As one of your first tasks, your accountant has asked you to adopt an inventory cost assumption for inventory valuation. Explain which method you would adopt and why.