In inventory management, the requirement of cycle counting include all of the following EXCEPT a) Closing...

In inventory management, the requirement of cycle counting include all of the following EXCEPT

a) Closing the facility to ensure accurate inventory counts

b) Reconciling inventory counts with inventory records

c) Dividing inventory into classes

d) Counting the inventory frequently

Justify your answer

2)In inventory management, the requirement of cycle counting include all of the following EXCEPT

a) Closing the facility to ensure accurate inventory counts

b) Reconciling inventory counts with inventory records

c) Dividing inventory into classes

d) Counting the inventory frequently

Justify your answer

Expert Solution

keosha answered 2 months ago

7. The costs of carrying inventory include all of the following except:

7. The costs of carrying inventory include all of the following except: a)Ordering costs. b)Cost of warehouse space. c)Insurance and handling costs. d)Interest on funds tied up in inventory. e)None of the above. 8. Once the break-even point is reached: a)The contribution margin ratio begins to decrease. b)The variable expenses will remain constant in total. c)The total contribution margin changes from negative to positive. d)The net operating income will increase by the unit contribution margin for each...

7. The costs of carrying inventory include all of the following except: * a- Ordering costs....

7. The costs of carrying inventory include all of the following except: * a- Ordering costs. b- Cost of warehouse space. c- Insurance and handling costs. d- Interest on funds tied up in inventory. e- None of the above. 8. Once the break-even point is reached: * a- The contribution margin ratio begins to decrease. b- The variable expenses will remain constant in total. c- The total contribution margin changes from negative to positive. d- The net operating income will...

Discuss in detail the following; a. Cycle counting and Importance of implementing cycle counts? b. Inventory...

Discuss in detail the following; a. Cycle counting and Importance of implementing cycle counts? b. Inventory Valuation Process and methods of inventory valuation adapted by the firms?

Advantages of owing a franchise include all of the following, except: Multiple Choice management and marketing...

Advantages of owing a franchise include all of the following, except: Multiple Choice management and marketing assistance. lower failure rate. large start-up costs. nationally recognized name. personal ownership.

Examples of value-added activities include all of the following except:

Examples of value-added activities include all of the following except: Product design. Material movement. Assembly activities. Establish an effective distribution network.Of the following components of total quality cost, which is most damaging to a company attempting to achieve a reputation as a world-class manufacturer? Prevention costs. Appraisal costs. Internal failure costs External failure costs

For the following prepare all necessary journal entries for the current year (except closing) for both...

For the following prepare all necessary journal entries for the current year (except closing) for both the fund-based (designate the fund) and government-wide (designate the activity) financial statements. Use the letter of each transaction and YE for related year-end transactions to date the journal entries. The Hamlet of Oakridge, which is run by a Council, began 2017 with a General Fund, which had two activities (education and conservation), and an Enterprise Fund, which provides water to the citizens. Oakridge has...

5. The essential elements of a contract include all of the following EXCEPT A. Offer and...

5. The essential elements of a contract include all of the following EXCEPT A. Offer and Acceptance C. Consideration B. Competent Parties D. Notarized Power of Attorney 6. An agent of an agent is best described as: A. Subagent B. Undisclosed dual agency C. Special agent D. Subagent 7. When an authorization and consent is given between an agent and their client, a special relationship of trust and confidence is established. This is known as: A. Fiduciary relationship B. Subagent...

The risks of a cost leadership strategy include all of the following EXCEPT: A. investments in...

The risks of a cost leadership strategy include all of the following EXCEPT: A. investments in manufacturing equipment can become obsolete due to innovation. B. firms may fail to understand customers’ perceptions of competitive levels of differentiation. C. competitors may learn how to successfully imitate their strategy. D. firms may fail to include enough unique features in the product.

Conditions for instruments to be valid include all of the following except: (A) each one of...

Conditions for instruments to be valid include all of the following except: (A) each one of the instrumental variables must be normally distributed. (B) at least one of the instruments must enter the population regression of ?? on the ??s and the ??s. (C) perfect multicollinearity between the predicted endogenous variables and the exogenous variables must be ruled out. (D) each instrument must be uncorrelated with the error term

All financial statement audits will include an audit of the inventory cycle. You should plan for...

All financial statement audits will include an audit of the inventory cycle. You should plan for the audit by setting the audit objectives. For this assignment, write and submit 300–400 words that set specific internal controls that should be included to meet the following management assertions: Existence Completeness Accuracy or valuation Rights and obligations Presentation and disclosure

Question