HW 8 Inventory Management
1. What are the 4 questions of inventory management?
a. What to order
b. When to order
c. How much to order
d. Where to stock the orders
2. Which one of these questions is not in most textbooks?
- The last question is not in most
Cost of Goods Sold
Bad Debts Expense
Gain/Loss on Sale of Equipment
Income Tax Expense
ACCT 320 TUTORIAL PERPETUAL AND PERIODIC INVENTORY SYSTEMS Overview: For many companies, inventory can represent the ability to make money in the future. Therefore, it is very important that large companies have a good system to track inventory. Companies
ACCT 320 TUTORIAL OVERVIEW OF BASIC ACCOUNTING ENTRIES Overview: The double-entry system is used to process transactions. A general ledger is a collection of accounts used to keep track of increases and decreases in financial position elements. The table