Inventory are the products which are directly involved in the manufacturing of a business. Inventory includes raw materials inventory, work in progress inventory and finished goods inventory.
In a merchandising business, inventory includes all the products available for use. There are inventories in the administrative section of the company also which is known as the supplies Inventory.
Purchases are a nominal account that forms part in the cost of goods sold. Purchases term is used in the manufacturing firm and is the raw materials needed in the production of their product, thus will also form part of the inventory account if there is a left over for it.
Inventory on the other hand can come from the purchases itself in terms of the raw materials.
<u> There are many </u><u>inventory control</u><u> such as the following:</u>
Conducting different semi annual inventory count to know the actual number of inventory in hand against the monitoring of the inventory
Maintaining security of the facility of the stockroom storage by having cctv and padlock of the room.
Checking the incoming and outgoing inventory based on the documents given in the store.
Proper segregation of duties must be there, the record keeper should not be the same person as the one holding the inventory.
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Answer: Triple net lease or NNN lease or net-net-net lease
Explanation:
Single Net Lease also called net lease or N lease: This is a type of lease in which the tenant pays for tax in addition to the payment of rent of occupancy which makes the landlord responsible for other expenses such as insurance and utilities.
Double Net Lease or net-net lease or NN lease: The tenant pays for tax and insurance expenses in addition to the rent of occupancy. The landlord is responsible for the other expenses.
Triple Net Leases or net-net-net lease or NNN lease: This is a type of lease in which the tenant pays forthe rent of occupancy and other expenses such as tax, insurance, utilities and repairs which leaves the landlord to charge lower rent.
The triple net Lease answers your question
Answer: Any 3 off of this list would work. My definitions were as close as I could make them.
Information Resource Manager
Development and organization of an organization's resources. Such as financial resources, inventory, skills, production resources, or information technology.
Business Analyst
Analyzes an organization or business domain and documents it's business, processes, or systems. Assessments are made on the business model, or it's integration with technology.
Support Specialist
Technical Support Specialists provide technical support to organizations by managing, maintaining, and troubleshooting their IT systems.
Technology Consultant
A technology consultant advises clients on how to best use IT practices to achieve their business objectives. A Technology consultant would also manage and implement strategies.
Systems Analyst
Uses analysis and design techniques to solve business problems using IT. They may serve as change agents who identify the organizational improvements needed, design systems to implement those changes, and train others to use the systems.
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Answer:
Liability for product warranty at month end is $4810
so correct option is E) None of these
Explanation:
given data
time = 45 days
defective = 8%
average repair cost = $65 per unit
total sales = 1,000 units
repaired = 6 unit defective
to find out
liability for product warranties at month end
solution
we know that First Month Sales units = 1,000
and First month estimated liability in units @8 % is = 80
and here Defective Units already repaired is 6
Additional liability in unit is = 80 - 6 = 74
and Additional liability @$65 per unit will be = 74 × 65 = 4810
So Liability for product warranty at month end is $4810
so correct option is E) None of these