inventory management and accounting inventory from an accounting perspective is the amount of open supply invoices in accounts payable. true or false
ANSWER :
Inventory management and accounting inventory from an accounting perspective is the amount of open supply invoices in accounts payable is true and the answer is true.
inventory management and accounting inventory from an accounting perspective is the amount of open supply invoices...
Subject - Purchasing and Supply chain management Q.Holding Inventory Perspective Changes/Key Performance Indicators. Succinctly explains physical inventory perspective change in reference to key point indicators correctly. Supported with example
The following accounts and amounts are taken from the accounting records of Martindale Ltd. Account Amount Cash AmountAccount $16,200 Accounts payable 3,000 salaries payables $54,100 Accounts receivable 3,200 Inventory 44,000 Unearned revenue 12,400 40,000 50,000 Prepaid rent Supplies Equipment Accumulated depreciation 69,000 Long term note payable 5,000Common shares 213,000 Retained earnings 150,000 68,000 Total liabilities are $109,700. Select one: True False
The scientific management perspective and the bureaucratic organisation approach are both subfields of the classical perspective Select one True False
Text book: Supply Chain Management: A Logistics Perspective 10th Edition Question: Throughout our discussions of supply chains, it is repeatedly stressed that supply chains must be both efficient and effective. Compare and contrast these two by giving definitions, then explaining each interms of supply chain management.
Question 15 Accounting estimates (such as the allowance for doubtful accounts) are especially susceptible to management bias. True False Question 16 Accounting estimates are rarely ever used as a means for management to manage or misstate earnings. True False
1. Supplier and buyer relationship in supply chain perspective is defined to be transactional instead of collaborative. Is this statement true or false? True False 2. Jones Manufacturing sells a part to Lear Corporation. Lear puts this part into a radio, which Lear then sells to Ford. From Lear's point of view, Ford is a(n) __________. Echelon 1 Echelon 2 Tier 1 Tier 2 3. An example of strategic planning is: Setting inventory levels for a given product. Forecasting next...
1.) From the bank's perspective, is the following cash outflow predictable or not predictable: A manufacturer draws down its line of credit in order to purchase inventory. A.) Predictable B.) Not Predictable 2.)Under a lagged reserve accounting system, banks hold reserves against deposit balances from one day earlier A.) True B.) False
Operating and Cash Cycles. ABC firm practices just-in-time inventory management and carries a negligible amount of inventory. Its accounts receivable turnover is 6 times and its accounts payable turnover is 4 times. Assuming that the year has 360 days, Compute the operating and cash cycles for ABC firm and discuss its implications on its working capital management.
Q: The sale of inventory increases the inventory balance using
accrual-basis accounting.
A: True or False ??
Goal: Transaction analysis using ACCRUAL-basis accounting. 1. Use the template below to indicate how the following transactions affect the accrual-basis accounting equation: a. Kissimmee, Inc. (a retail store) begins business on January 1, 2015 with a $100,000 cash contribution from the owners. b. On January 1, 2015, Kissimmee hires five employees to manage and operate the business. c. On January 1, 2015, Kissimmee...
The company quickly acquired $35,000 in inventory, 30% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash. Account: Cash Accounts, Receivable Inventory, Prepaid Rent Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-in Capital, Retained Earnings, Leave Blank Dollar amount: Account: Cash Accounts, Receivable Inventory, Prepaid Rent Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-in Capital, Retained Earnings, Leave Blank Dollar amount: Account: Cash Accounts,...