Answer: The correct answer is " At the end of the company’s fiscal year. ".
Explanation: The physical inventory is the manual count of all the stocks of a company. This, considering the inputs, products in process, final goods, fixed assets, among others. Therefore it is done at the end of the company's fiscal year for control and adjustment purposes.
The journal entry would be to debit the Sales allowance account and credit the merchandise account. This is because the sales allowance is an expense for the merchandiser so it will be debited and the person he is selling the merchandise to will be credited as the rule states to credit the receiver. These rules will be according to the golden rules of accounts.
So the journal entry will be Sales allowance a/c Dr.
To Merchandise a/c.
A perpetual inventory system is a computerized system to record inventory immediately. It is an automatic system and happens at the point of sale. By this method, the seller is able to keep aware of his inventory information immediately. This system uses computerized point-of-sale systems and enterprise asset management software.
This type of perpetual inventory system is usually used by grocers to keep an account of their goods. This makes their work much more efficient and easy.
1. Learn more about the perpetual inventory system here:
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2. Learn more about enterprise asset management software here:
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Answer:
Explanation:
Given that:
weekly demand = 72 units
no of weeks in 1 year = 48
Then; total demand = 72 × 48 = 3456 units
No of orders = 
= 
∴
The periodic review (P) = 
= 
= 0.041956 year
≅ 2 weeks
Z score based on 88 percent service level = NORMSINV(0.88) = 1.18
Here;
Lead time = 3 wks
P = 2 weeks
Thus protection interval = ( 3+2) weeks
= 5 weeks
Safety stock = z-score × std dev. of demand at (P+L) days
std dev = 
= 2.236 × 18
std dev = 40.248 units
Safety stock = 1.18 × 40.248
safety stock = 47.49 units
Safety stock ≅ 48 units
Average demand during(P + L) = 5 × 72 units
= 360 units
Target inventory level = average demand + safety stock
= 360 units + 48 units
= 408 units
Answer:
b. commissioner of the General Land Office
Explanation:
Commissioner of the General Land Office is in charge of public domain lands in the United States.
Comptroller of public accounts keeps account of the states funds and collects taxes.
Attorney general acts as legal advisor to the government.
I hope my answer helps you.
What, if anything, do you do next?
Do nothing: you will feel guilty if a consumer(s) get hurt
You jeopardize your integrity
Do something? What?
At another time schedule a meeting (one on one) to discuss again. Have some documentation to support your concerns. See how it goes.
Manager still does nothing, ugh. Do you take a chance of being treated miserably?
Now what? Remember any reporting is NEVER EVER anonymous.
You could go to the Safety Manager. You could call OSHA.
Any time you go over a manager's head, you are at risk.
