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timofeeve [1]
3 years ago
5

On january 1, 2016, pet friendly stores adopted the retail inventory method. inventory transactions at both cost and retail, and

cost indexes for 2016 and 2017 are as follows:
Business
1 answer:
Gnoma [55]3 years ago
5 0

Answer:

The division is done in terms of cost or value and then do the counting.

Merchandise is divided into three groups.

Group A: Corresponds to 20% of items higher in cost or turnover.

Group B: 60% of following products.

Group C: The remaining 20%.

The next step is to decide how often each group will be counted, the frequency will depend on the inventory and warehouse, and several cycle counts per year must be completed to maintain true accuracy.

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Tips when counting inventory cycles

To consider the seasonality, it is important to have a response of a certain product when it is in season where its sale is high, it is a waste of time and effort to have a product that will not have immediate mobility.

You can choose to count in cycle by department, supplier, type of product, the brand, among others, depends on personal criteria and what makes the most sense for the business. Regardless of the method, the key is to maintain a certain order, establish a systematic procedure, organize and document it, to avoid errors.

Implement the use of tools that allow greater efficiency and allow to quickly detect problems, use an inventory management software for this work.

Reorganize the physical space properly to implement true inventory control. This involves organizing the items on shelves, establishing an order and site for each product in addition to the corresponding labeling.

Keep up to date, restocking, timely handling of reserve material.

It is important to keep track of purchase orders in system and physical.

Count the products, double check the numbers and keep the system up to date.

After counting, the records should be reviewed, adjusted and determined the course of the actions to come.

You might be interested in
A 6-year bond, 8% semiannual coupon bond sells at par ($1,000). Another bond of equal risk, maturity, and par value pays an 8% a
timofeeve [1]

Answer:

Explanation:

  • The bond has 8% coupon paid semiannually, and those bonds sell at their par value.
  • Since the bond sales at par value, Market rate (Yield) = Coupon rate =8%

<u>Second bond:</u>

  • Coupon rate = 8%
  • Par value = $1,000
  • Semiannual coupon amount = 1000 x 8%/2 = $40
  • Time to maturity = 6 years = 12 semiannual periods
  • Semiannual Yield = 8%/2 = 4%

To get price of this bond we will use PV function of excel:

= PV (rate, nper, pmt, fv, type)

= PV (4%, 12, -40, -1000, 0)

= $1053.32

  • Price of this bond = $1,053.3
7 0
3 years ago
Read 2 more answers
All the following are examples of start-up costs EXCEPT
Zolol [24]

Answer:

A . payroll taxes.

Explanation:

Payroll taxes are imposed on the employers or employees of the company. In the examples of the question, the costs except for the payroll taxes are all paid by the company. Besides, payroll taxes are also not taxed on the company instead of on the employees' wages, which is funded by them. That is why all the examples are start-up costs except the payroll taxes

6 0
3 years ago
Using examples explain what inputs eBay might be using in conducting its business . What are eBay outputs ?
lawyer [7]
Typically, a simple way to think of an input is anything that costs money. These can be both good and bad things. A simple example would be: if I had a machine that made candy: my inputs would be the energy required to run the machine, the person required to work the machine, and the ingredients I had to put in to make the candy. My outputs might be the candy the machine made and the happiness it gave to people who ate it. A negative output might be that it made people unhealthy. 

As an internet company eBay does not have many of the typical inputs of doing business. For example, it does NOT have the cost of physical stores nor does it have the cost of depreciating inventory or any machines. For eBay, some examples of inputs would be it's people such as software engineers, marketing team, and executive staff. All overhead such as office space and the electricity to power its office space would be another example. Other examples could include the physical code behind eBay's software and money used to finance the company, and the data warehouses used to store everything. 

Outputs can be thought of as the value a company creates. eBay's outputs are also somewhat atypical. eBay does not create a physical product that they then sell so that makes this a challenging question. You could argue that eBay's store or its platform is an output. All the data it produces as a company is an output and has a lot of value. Since eBay allows people across the world to open up their own store online, you could say it's creating the social good of jobs or entrepreneurship "global employment" through this action (eBay has supported this publicly as well so you could look up more about it on Google). Another output could be eBay stores created by sellers. eBay owns PayPal so if you can think of any related to PayPal you could include those as well and cite that eBay owns the company. 

Hope that helps
8 0
3 years ago
You are a vice president in charge of personnel at a large manufacturing company. in-house detectives inform you that gates, an
andre [41]

Based on the situation above, the notices shouldn’t be posted because if the sign has been posted, this will only result to giving rise to a claim of defamation by which this is an act of destroying another individual’s reputation.

6 0
3 years ago
Melanie needs to ensure that readers are able to locate specific sections within a document easily. What should she include in t
frutty [35]

Answer:

table of contents

Explanation:

Table of contents, usually put at the beginning or end of a document, lists the chapter and section of the document, together with their page numbers. This is the widely used method that makes literature more readable and searchable.

So, Melanie needs to create a table of contents, so her readers will be able to find specific sections after glancing at it.

3 0
3 years ago
Read 2 more answers
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