Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 31, 2019

If you have never participated in a physical inventory count, discuss two advantages of a company performing physical inventory counts.

Step by Step Solution

★★★★★

3.43 Rating (143 Votes )

There are 3 Steps involved in it

Step: 1

Physical inventory count is procedure conducted at interval by company that does not have ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Value at Risk The New Benchmark for Managing Financial Risk

Authors: Philippe Jorion

3rd edition

0070700427, 71464956, 978-0071464956

More Books

Students explore these related Accounting questions

Question

A company just completed a physical inventory count at year-end, December 31. Items were counted and costed on a FIFO basis. The inventory amounted to $40,000. The following information was not...

Answered: 3 weeks ago

Question

Reggie Company has just completed a physical inventory count at year-end, December 31, 2010. Only the items on the shelves, in storage, and in the receiving area were counted and costed on a FIFO...

Answered: 3 weeks ago

Question

Travis Company has just completed a physical inventory count at year-end, December 31, 2014. Only the items on the shelves, in storage, and in the receiving area were counted and costed on a FIFO...

Answered: 3 weeks ago

Question

What is the output of the following application? A. 5,LONG B. 6,LONG C. 5,null D. 6,null E. The code does not compile. F. The code compiles but throws an exception at runtime. package fly; public...

Answered: 3 weeks ago

Question

The condensed product-line income statement for Dish N' Dat Company for the month of March is as follows: Fixed costs are 15% of the cost of goods sold and 40% of the selling and administrative...

Answered: 3 weeks ago

Question

Two prisoners who escaped and participated in a robbery have been recaptured and are awaiting trial for their new crime. Although they are both guilty, the Gotham City district attorney is not sure...

Answered: 3 weeks ago

Question

Show that there does not exist a random variable X having mean ???? and variance ????2 such that P(???? 3???? Answered: 1 week ago

Answered: 3 weeks ago

Question

Why are ratios and trends used in financial analysis?

Answered: 3 weeks ago

Question

Explain each of the three Prime Plus Services typically offered by practitioners?

Answered: 3 weeks ago

Question

Large Ltd. purchased 75% of Small Company on January 1, Year 6, for $750,000, when the statement of financial position for Small showed common shares of $540,000 and retained earnings of $240,000. On...

Answered: 3 weeks ago

Question

C++ Code Get Longest String Ask the user to input five strings and store them into an array. Then use the get_longest_string function to find the longest string in that array and return it....

Answered: 3 weeks ago

Question

Zach D. (age 49, DOB: 1/7/1973, SSN: ) and Victoria L. (age 42, DOB: 4/1/1980, SSN: 421- 00-1019) Colby live in a townhouse located at 3842 Timber Creek Drive, Your City, Your State Your Zip. They...

Answered: 3 weeks ago

Question

ACME Inc. produces sunglasses at its factory. The following information relates to the production of the sunglasses for the period ending 30 June 2021. Production (Units) Sales (Units) Budgeted...

Answered: 3 weeks ago

Question

Write A Memo For The Following Scenario. Decide Who The Memo Should Be Sent To And What The Subject Of The Message Is. Add Your Own Information To The Body Of The Memo You Are An Administrative...

Answered: 3 weeks ago

Question

A teacher wants to figure out how quickly a student can complete routine adding and subtracting problems in one minute. which method of graphing would be most beneficial to help her determine which...

Answered: 3 weeks ago

Question

What is the DSM-5-TR Diagnosis for Clinical Case below? Clinical Case: Frazier Archer was a 34-year-old single white man who called a mood and personality disorders research program because an...

Answered: 3 weeks ago

Question

State whether the following statement is True or False: Effective POM combines configurations from Super POM. FALSE TRUE

Answered: 3 weeks ago

Question

Define cultural intelligence. Cite the books or journal articles you found in Capella's library. Explain why cultural intelligence is important for HR practitioners and other organizational managers.

Answered: 3 weeks ago

Question

Give an example of an application that could benefit from operating system support for random access to indexed files.

Answered: 3 weeks ago

Question

What are the advantages and disadvantages of making only some of the symbols defined inside a kernel accessible to a loadable kernel module?

Answered: 3 weeks ago

Question

Suppose that a pension fund imposes strict VAR limits on the active managers. What are the pros and cons of measuring VAR over a short window?

Answered: 3 weeks ago

Question

Pew Research compared respondents to an ordinary 5-day telephone survey with respondents to a 4-month-long rigorous survey designed to generate the highest possible response rate. They were...

Answered: 3 weeks ago

Question

Exercises 21 and 35 describe an experiment investigating a dietary approach to treating bipolar disorder. Researchers randomly assigned 30 subjects to two treatment groups, one group taking a high...

Answered: 3 weeks ago

Question

A swimsuit manufacturer wants to test the speed of its newly designed suit. The company designs an experiment by having 6 randomly selected Olympic swimmers swim as fast as they can with their old...

Answered: 3 weeks ago

Previous Question Next Question