Which of these two procedures is more reliable: 1) you performing an inventory count as a part of testing inventory or 2) you inspecting shipping documents a part of testing sales? Why
Which of these two procedures is more reliable: 1) you performing an inventory count as a part of testing inventory or 2) you inspecting shipping documents a part of testing sales? Why
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Which of these two procedures is more reliable: 1) you performing an inventory count as a part of testing inventory or 2) you inspecting shipping documents a part of testing sales? Why?
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Step 1
In the event that your organization records its inventory as a resource and it goes through a yearly review, then, at that point, the evaluators will lead a review of your inventory. Given the monstrous size of certain inventories, they might participate in a serious enormous number of inventory review methodology before they are agreeable that the valuation you have expressed for the inventory resource is sensible.
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