0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the purpose of inventory reserve estimates at balance sheet date?
How can be anticipate inventory
A antonym for inventory?
The word inventory does not have any true antonyms. Synonyms include backlog and reserve. The opposite of inventory would simply be a lack of inventory.
What is the difference between ending inventory using LIFO and ending inventory using FIFO referred to as?
LIFO Reserve
What is the inventory system in which the inventory records do not show the amount available for sale or sold during the period called?
A periodic inventory system will not show the amount available for sale or sold during the period. A perpetual inventory system will show each purchase in the inventory.
When using the periodic inventory system the first closing entry will include a?
debit to the inventory account equal to the physical inventory amount.
A synonym for inventory?
Stockpile and reserve are synonyms for the word inventory.
What is the purpose of inventory reserve estimates at balance sheet date?
How can be anticipate inventory
A antonym for inventory?
The word inventory does not have any true antonyms. Synonyms include backlog and reserve. The opposite of inventory would simply be a lack of inventory.
What is the difference between ending inventory using LIFO and ending inventory using FIFO referred to as?
LIFO Reserve
How do you calculate reserve ratio?
multiplication
How to calculate average change IN INVENTORY?
You calculate average change in inventory by dividing the turnover by how many times it has turned over. The number you get is the average.
How do you calculate inventory turnover?
This is a very simple calculation. Days to Sell Inventory(or Days in Inventory) = Average Inventory / Annual Cost of Goods Sold /365 Average Inventory = (Beginning Inventory + Ending Inventory) / 2 To calculate this ratio for a quarter instead of a year use the following variation: Days to Sell Inventory (or Days in Inventory) = Average Inventory / "Quarterly" Cost of Goods Sold /"90" Average Inventory = (Beginning Inventory + Ending Inventory) / 2
How to calculate Inventory turnover period?
Generally inventory turnover period is calculated as: Sales/Inventory Also by, Cost of Goods Sold/ Average Inventory
How do you calculate inventory cost?
Doing your mom
What happens when inventory in base year dollars decreases?
Last in First out reserve increases
What is inventory to asset ratio?
amount of your assets that are ties up in inventory, Inventory/Assets x 100
What is primary reserve?
A primary reserve is a specific amount of money that a bank needs. This specific amount is the least amount they need to run the bank.
