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  • Cost Into The Inventory Account
    414 words
    When most people go to college they think of what major would be the most interesting, and most exciting. However there are a few brave souls who want to be bored out of their mind but learn the language of business. For those few the major of accounting calls to them. Those men and women who choose accounting as their major will spend many semesters trying to figure out what the hell the professors are talking about when they go into managing and valuing inventories for companies. This one area...
  • Inventory Impairment Of The Live Hogs
    1,176 words
    Several factors including increased supply have caused declining prices for live hogs on the spot market. Also as shown bellow futures prices will remain below the carrying cost for live hogs until nearly the end of the fiscal year. However processed pork products such as bacon, loins, and ham remain above the current cost of production. Three Little Pigs Inc. is capable of processing hogs into these products internally at some locations. Unfortunately, not all hogs can be transported and proces...
  • Use Of Jit Structures In Japanese Companies
    1,854 words
    JUST-IN-TIME INVENTORY Intro / Background: The management of inventory is a problem common to all business organizations. Basically, inventory is a resource idle for the present but useful for the future. If it is for the future, then why store it now physically and incur costs? Why not procure it only when needed? These questions lie behind the philosophy of Just-in-Time (JIT). JIT is a process for achieving excellence in a manufacturing company based on the continuing elimination of waste, and...
  • Supply Chain Inventories
    778 words
    Vendor Managed Inventory Vendor Managed Inventory is a means of optimizing supply chain performance, in which the manufacturer is responsible for maintaining the distributors inventory levels. The manufacturer has access to the distributors inventory data and is responsible for generating purchase orders. During this process, the supplier is guided by specified objectives regarding inventory levels, fill rates, and transaction costs. A typical business model without VMI entails that when a distr...
  • Amount Of The Cost Of Goods
    1,169 words
    A figure of cost of goods sold reflecting the cost of the product or good that a company sells to generate revenue, appearing on the income statement, as an expense. Also, referred to as "cost of sales". It is essentially a cost of doing business, such as the amount paid to purchase raw materials in order to manufacture them into finished goods. For example, if a $10 widget costs $6 to make, then the cost of goods sold is $6 per widget. That is, the cost of goods sold is equal to the beginning i...
  • Inventory In Clearly Canadian
    1,248 words
    Clearly Canadian Beverage Corporation Inventories analysis A. As a manufacturing company, Clearly Canadian Corporation, which produces and markets natural and flavored beverage products is expected to hold three kinds of inventories. These inventories are carried by Clearly Canadian in every phases (input, processing, output) in manufacturing the beverage. Inventories that are held by this company are raw material inventories, working in process inventories, and finished goods inventories. As we...
  • Query Functions To Reference Vehicle Specifications
    1,575 words
    XYZ QUICK LUBE Co. The purpose of this exercise is to design a single user system, to solve the needs of a startup business. The business I chose is a service oriented, automotive oil change company. This system will need to satisfy the business needs of a small company, including database queries, inventory management, customer tracking, form generating, accounting, and many other functions. This must be accomplished in an easy to use, simple, single user format. This system should be a point o...

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