How is obsolescence a cost of holding inventories?
Question:
How is ‘obsolescence’ a cost of holding inventories?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Items of inventories may lose value simply because they become less desirable A simpl...View the full answer
Answered By
Dinesh F
I have over 3 years of professional experience as an assignment tutor, and 1 year as a tutor trainee.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The commercial company "A" has an estimated annual demand of 60,000 units with a regularity in its dispatches throughout the year. During the semester, the purchase of lots of 10,000 units has been...
-
4. How did Von Behring and Kitasato demonstrate the existence ofantibodies? A) They showed that serum from immunized rabbits could preventdisease in mice B) They discovered antibodies in mucosal...
-
Inventories represent a considerable investment for every organization; thus, it is important that they be managed well. Excess inventories can indicate poor financial and operational management. On...
-
A machine fills containers with a particular product. The standard deviation of filling weights computed from past data is 0.6 ounces. If only 2% of the containers hold less than 18 ounces, what is...
-
The following graph contains two aggregate expenditure functions. Consider a movement from point A to point B and a movement from point B to point C. Which movement shows a change in autonomous...
-
Let A and B be 6 x 6 matrices, with det A = -10 and det B = 5. Use properties of determinants to compute: a) det(3A) b) det (ATB) Part II. Indicate whether the statements are true or false. (To be...
-
A constant-density fluid flows in the converging, twodimensional channel shown in Fig. P4.20. The width perpendicular to the paper is quite large compared to the channel height. The velocity in the...
-
Ficus Tree Farm issued five $1,000 bonds with a stated annual interest rate of 12 percent on January 1, 2018. The bonds mature on January 1, 2023. Interest is paid semiannually on June 30 and...
-
Solve the differential equation. dy =6x36-y, -6
-
DM Yard Services has now added residential and commercial customers and is providing services on a regular basis. Review the Income Statement and Sales by Customer Summary Report: January 1 - May 31....
-
In what ways is the basic inventories reorder model deficient in representing reality?
-
Arcadia Ltd has only one product, a garden gnome, for which it plans to increase production and sales during the first half of next year. The plans for the next eight months are as follows: The...
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. -10 mm 40 mm- 20 mn- 20 mm 20 mm 20 mm 20 mm 20 mm -50 mm- -50 mm
-
Describe the three ratios discussed in this section and write their equations.
-
If youre developing a completely new product or service, what type of information should you include in your business plan regarding the status of the development efforts?
-
What is Section 306 stock?
-
Jose and Roberta were divorced in 2018. Are payments for a life insurance policy that is owned by a former spouse who is the beneficiary of the policy deductible as alimony by the payer?
-
A married couple with two children has earned income. What is the amount of their child and family tax credit?
-
Use the cost data presented in Exercise 3-8A but assume that in addition to increasing its market share by lowering its selling price to $25, Pettigrew desires to increase its net income by $36,000...
-
Complete the following acid-base reactions: (a) HCCH + NaH
-
The equity of Pauls business belongs to him because he is the sole owner of the business. Can you explain how the figure for equity by Thursday evening has arisen? You will need to look back at the...
-
The equity of Pauls business belongs to him because he is the sole owner of the business. Can you explain how the figure for equity by Thursday evening has arisen? You will need to look back at the...
-
What is meant by the accounting equation? How does the form of this equation differ between the two statement of financial position layouts mentioned in the chapter?
-
Work in Process Account Data for Two Months; Cost of Production Reports Pittsburgh Aluminum Company uses process costing to record the costs of manufacturing rolled aluminum, which consists of the...
-
Northwood Company manufactures a basketball selling for $25 per unit in a small plant heavily relying on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60%...
-
Sheridan Inc. presented the following data. Net income $2,672,150 Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,500,000 Common stock: Shares outstanding 1/1...
Study smarter with the SolutionInn App