Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

URENT Submission & Rubric Description Choose one of the following topics and respond by Thursday at midnight. Include the title of the topic in the

URENT
Submission & Rubric Description Choose one of the following topics and respond by Thursday at midnight. Include the title of the topic in the header of the thread so that anybody can see your topic. Your first post should be somewhere between 5-8 sentences. When you prepare your post remember that a classmate will respond or remark on your post. You might consider asking a question or adding something that will help a classmate reply easily. Your response or remark to a classmate is due Sunday at midnight. This second post should contain about 3-5 sentences but may contain more if you so choose. 1. Inventory Turnaround. You work for a made to order clothing company, whose reputation is based on its fast turnaround from order to delivery. The owner of your company is considering outsourcing much of the clothing production because she thinks this will improve inventory turnover and customer satisfaction. In what way is she correct? In what way might she be wrong? 2. LIFO or Not? The use of LIFO has been debated in the accounting world. Actually, the United States is one of the few places that uses LIFO. Read this article about the LIFO inventory method http://smallbusiness.chron.com/pros-vs-cons-last-in-first-out-inventory- method-10648.html Should U.S. GAAP allow LIFO or not?
image text in transcribed
Description Choose one of the following topics and respond by Thursday at midnight. Include the title of the topic in the header of the thread so that anybody can see your topic. Your first post should be somewhere between 5-8 sentences. When you prepare your post remember that a ciassmate will respond of remark on your post. You might consider asking a question or adding something that will help a classmate reply easily. Your response or remark to a classmate is due Sunday at midnight. This second post should contain about 3.5 sentences but may contain more if you so choose. 1. Inventory Turnaround. You work for a made to order clothing company, whose reputation is based on its fast turnaround from order to delivery. The owner of your company is considering outsourcing much of the clothigg production because she thinks this will improve inventory turnover and customer satisfaction. In what way is she correct? In what way might she be wrong? 2. LIFO or Not? The use of LIFO has been debated in the accounting world. Actually, the United States is one of the few places that uset LIFO. Read this article about the LIFO inventory method hitp://smallbusinesschroncomvoros-vs-consalastin-first-out-inventons. method-10648.html Should U.S. GAAP allow LIFO or not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

SAP Audit Black Book

Authors: Bhushan Jairamdas Mamtani

1st Edition

9351194086, 978-9351194088

More Books

Students also viewed these Accounting questions