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Wall to wall
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What type of inventory requires 100 percent of all lines?
Wall to wall
What type of inventory can accountable officers conduct in lieu of an 100 percent inventory?
Cyclic
What are the similarities between perpetual and periodic inventory system?
Perpetual: All inventory entries directly affect inventory Periodic: All inventory entries affect other accounts, which are then closed to inventory. Example: A company purchased $100 worth of inventory on account Perpetual: Inventory (Debit) 100 Accounts Payable (Credit) 100 Periodic Purchases (Debit) 100 Accounts Payable (Credit) 100 Later with Periodic (usually at the end of the reporting period) Inventory (Debit) 100 Purchases (Credit) 100 This last entry closes purchases and updates your inventory account.
A software engineer has the capability of thinking 100 lines of code in five minutes and can type 100 lines of code in 10 minutes He takes a break for five minutes after every ten minutes How many l?
250 lines a. 5 min think + 5 min type + 5 min break + 5 min type = 20 min and 100 lines b. 5 min think + 5 min break + 10 min type = 20 min and 100 lines c. 5 min break + 5 min think + 5 min type + (Remaining) 5 min type = 20 min and 50 lines from a,b,c total time=60 min total lines writes=250
What is inventory to asset ratio?
amount of your assets that are ties up in inventory, Inventory/Assets x 100
If a man who does programming can think 100 lines for 10 mins whereas he types 100 lines in five mins for every ten mins he takes a break of five minutes so how much lines will he type in an hour?
200
How does accrual accounting handle inventory control?
When you take an inventory and calculate the value, this value is compared to the last time an inventory was calculated. If the value of the inventory has increased (say by $100), then a journal entry reflecting a debit of $100 to Inventory account (an asset) and a credit to your Cost of Goods Account.
What kind of inventory can accountable officers conduct in lieu of an annual 100 percent inventory?
Cyclic
If a store has an inventory (stock) difference of and pound1500 and sales of and pound300000 for the same period what is the inventory difference as a percentage of sales?
To calculate the inventory difference as a percentage of sales, you divide the inventory difference by sales and then multiply by 100. So, the calculation would be: (£1500 / £300,000) × 100 = 0.5%. Therefore, the inventory difference is 0.5% of sales.
What is the HML method of inventory control?
it is a type control in which items of inventory control in which items are classified based on their values 1) high value 2) medium value 3) low value.h= unit value > 1000( sanctioned by high officials) m= unit value b/w 100 and 1000 l= unit value less than 100
How many lines of symmetry in a bicycle tire?
A bicycle tire has 100 lines of symmetry.
What is the cost of goods sold under a periodic system if beginning inventory is 500 cost of goods purchases is 200 and ending inventory is 100?
Cost of goods sold = Beginning inventory + purchases - closing balance Cost of goods sold = 500 + 200 -100 Cost of goods sold = 600 units
