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What is the difference between inventory and consignment?
Inventory and consignment are two distinct concepts related to the management and ownership of goods. Here's the difference between them:
Inventory: Inventory refers to the stock of goods or products that a company holds for sale, distribution, or production purposes. It includes all the items owned by the company and is considered an asset on the company's balance sheet. Inventory can consist of raw materials, work-in-progress goods, or finished products. The company bears the ownership and financial responsibility for the inventory, including the costs associated with purchasing, storing, and maintaining it. The company records the inventory value and tracks its movement and usage through various accounting methods such as FIFO (first-in, first-out) or LIFO (last-in, first-out).
Consignment: Consignment is a business arrangement where one party (the consignor) delivers goods to another party (the consignee) for sale or distribution. In a consignment arrangement, the consignor retains ownership of the goods until they are sold or used by the consignee. The consignee acts as an agent or intermediary and sells the goods on behalf of the consignor. The consignee typically earns a commission or a percentage of the sale price as compensation.
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How do you order rational and irrational numbers?
Write them as decimals, and compare. If the first digit of two numbers is equal, compare the second digit; if the second digit is equal, compare the third digit, etc.
What is the four digit number in which the first digit is one third of the second the third is the sum of the first and second and the last is three times the second?
1349
Is 0.002 greater or less than 0.0001?
Just compare the digits one by one: compare the first digit after the decimal point with the first digit of the other number, the second digit with the second digit, etc., until you find a digit that is different.
Which digit is in the tens place?
The tens place digit (in a decimal system number) is the second digit to the left of the decimal point.
What is bigger 5.079 or 5.08?
Since the whole part is the same, compare each of the decimal digits (compare the first digit with the first digit, the second digit with the second digit, etc.), until you find a pair that is different.
