Under what circumstances is it essential to use continuous stock taking for control over materials? State its
Question:
Under what circumstances is it essential to use continuous stock taking for control over materials? State its advantages.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
Continuous stock taking also known as perpetual inventory management is essential in various circumstances to maintain effective control over materials especially in businesses where materials are a s...View the full answer
Answered By
Ma Kristhia Mae Fuerte
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Under what circumstances is it cheaper for private developers to obtain formerly private property through the governments use of eminent domain? As noted in this chapter, private ownership of land is...
-
ACCORDING TO PROJECT MANAGEMENT PROJECT CHANGE, WHAT CHANGE IS REQUIRED FOR THIS CASE STUDY, JUSTIFY THE CHANGE BY APPLYING THE TOOLS AND TECHNIQUES FROM QUALITY MANAGEMENT IN IDENTIFYING THE ROOT...
-
In accounting for long-term contracts (those taking longer than one year to complete), the two methods commonly followed are the percentage-of completion method and the completed-contract method....
-
St . Petersburg Graduate School of Management ( GSOM ) in russia . now you required to Analyze the landscape and competitive market of our school ( you will need to choose from which market you are...
-
Decker Screw Manufacturing Company produces special screws made to customer specification. During June, the following data pertained to the below listed costs. Decker had no beginning work-in-process...
-
Assume Rutherford used alpha particles with a kinetic energy of 5.25 MeV. (a) To which of the following nuclei would the alpha particle come closest in a head-on collision: (1) aluminum, (2) iron, or...
-
Suppose that the metal electrodes in a battery are shaped like large parallel plates and are \(1.00 \mathrm{~mm}\) apart, so that they are essentially a parallel-plate capacitor. If the battery...
-
Nazaros Boot Company makes specialty boots for the rodeo circuit. On December 31, 2014, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,200 heels at a cost of $8 each in...
-
1.XYZ Corp. just paid an annual dividend of $3 per share on its common stock. This dividend is expected to grow at a 10 percent annual rate for two years, after which it is expected to grow at a 6...
-
RST Limited has received an offer of quantity discount on its order of materials as under: The annual requirement for the material is 500 tonnes. The ordering cost per order is Rs. 12,500 and the...
-
A manufacturer requires 9,600 units of a certain component annually. This is currently purchased from a regular supplier at Rs. 50 per unit. The cost of placing an order is Rs. 60 per order and the...
-
Assume all of the same facts and scenarios as E 1230, except that Bloom Corporation classifies its Taylor investment as AFS. Data from in E 12-30 Bloom Corporation purchased $1,000,000 of Taylor...
-
In Figure 19.1, suppose the demand for the good was summarized by the equations: and that the marginal cost equals the average costs at $10 per unit. (a) Calculate the optimum market quantity in a...
-
What are some factors that help explain earnings differences across specialties? Why might the earnings differences persist over long periods of time?
-
If everyone chose to join an HMO, would average HMO expenditures per case tend to rise or fall? Would national health expenditures tend to rise or fall?
-
In the text, we considered only forgone income and tuition as costs of going to medical school. Enumerate other monetary and nonmonetary opportunity costs. Why are these opportunity costs relevant?
-
We often speak of how price rations goods. What are other rationing measures in clinics in which free care is provided?
-
Prepare entries to record a variable for fixed interest rate swap. Hauser Corporation has $20,000,000 of outstanding debt that bears interest at a variable rate and matures on June 30, 2014. At...
-
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
-
Why is it important to classify costs into a cost hierarchy?
-
Why is it important to classify costs into a cost hierarchy?
-
Why is it important to classify costs into a cost hierarchy?
-
You are the CEO of a company that is rapidly expanding globally. You have the opportunity to make a organizational structure that best fits the needs or your organization. How will you structure your...
-
Discuss three ways in which U.S. banks can become involved in international banking. Explain briefly
-
George purchased a rental house (House A") in 2002 for $250,000. While George owned the house, George took depreciation deductions totaling $50,000 (assume this is the proper amount). George also...
Study smarter with the SolutionInn App