What is the primary reason for maintaining an inventory count timetable? A. To ensure obsolete inventory is

Fantastic news! We've Found the answer you've been seeking!

Question:

What is the primary reason for maintaining an inventory count timetable?

A. To ensure obsolete inventory is identified on a timely basis

B. To ensure the warehouse staff are not stealing inventory

C. To ensure all areas are counted at least once a year

D. To ensure damaged inventory is identified on a timely basis E. None of the options listed

Related Book For answer-question

Edexcel AS And A Level Mathematics Pure Mathematics Year 1/AS

ISBN: 9781292183398

1st Edition

Authors: Greg Attwood

See More Books

Posted Date: Jan 22, 2024 07:50 AM

See More Questions

What is the primary reason for the use of the LCNRV method of inventory valuation? What does the term net realizable value mean?
The following information was taken from the accounting records of the Lamberson Company: Additional information for the year: (a) Sales ............$ 39,930 Cost of goods sold .........(19,890)...
MULTIPLE-CHOICE QUESTIONS 1. What is the primary difference between fraud and errors in financial statement reporting? a. The materiality of the misstatement. b. The intent to deceive. c. The level...
The global survey we learned about in Exercise 49 also asked respondents how they felt about the statement "I try to avoid eating fast foods." The random sample of 800 included 411 people 35 years...
Use the data for Ashley Technology Inc. in Problem 16-41 to complete the following requirements. Required 1. Compute the total productivity ratios for 2015 and 2016. 2. On the basis of the total...
I have arranged to borrow $11,000 from my parents toward a holiday. I will repay the loan over 3 years in equal year-end payments. If the interest rate is 14.3% p.a. compounding monthly, my annual...
Suppose we have a volume of nitrogen plus a small amount of water vapor at $1.0 \mathrm{~atm}$. The walls of the container are at $25^{\circ} \mathrm{C}$, and there is a hot pipe at \(105^{\circ}...
Calculate the amount by which the Primo portfolio out- (or under-)performed the market over the period, as well as the contribution to performance of the pure sector allocation and security selection...
performed a recursive DFS on the following graph starting at 'a', to contruct the DFS spanning tree. If the back edges were removed from the graph (to eliminate cycles), what would be the 8th vertex...
1. Since Mr. Snodgrass doesnt have any historical data, (only an estimate of the number of customers hell serve each month), which specific type of qualitative method is he using? What would be the...
Cecelia Schell is taking four clients (who are not related) on a tour of her retirement development. The clients incurred the following expenses while on the tour. All tour expenses are paid by...
Bob Newhart operates a bed and breakfast hotel in Vermont. Depreciation on the hotel is $12,000 per year. Bob employs a maintenance person, George Utley, at an annual salary of $48,000 and a cleaning...
A company is setting its direct materials and direct labor standards for its leading product. Direct materials cost from the supplier are $5.00 per square foot, net of purchase discount. Freight-in...
Brown Printing, a small family-owned business, began operations on March 1, manufacturing premium quality books. The owners have expertise in printing but no accounting knowledge or experience. The...
Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the...
Suppose you are a nonprofit organization that has cultivated a relationship with a high-net-worth donor. This donor tells you that she is willing to make an investment in one of your programs that...
"People You Might Know" social network friendship recommendation algorithm builds on the idea that if two people have a lot of common friends, then the system should recommend them to friend each...
Using the theoretical sampling strategy, how many samples of size 4 (n = 4) can be drawn from a population of size: (a) N = 5? (b) N = 8? (c) N = 16? (d) N = 50?
Find y given that dy/dx = (2x + 3) 2 .
Find an equation of the line that passes through the point (3, 4) and is perpendicular to the line 4x 6y + 7 = 0.
Find the value of k if (x 2) is a factor of x 3 3x 2 + kx 10.
During the current year, Nolan Corporation transferred $\$ 268,000$ from its bank account into a money market fund. Will this transaction appear in a statement of cash flows? If so, in which...
The items and amounts listed in a balance sheet and an income statement correspond to specific accounts in a company's ledger. Is the same true about the items and amounts in a statement of cash...
Clark, Inc., had net sales for the year of $\$ 925,000$. Accounts receivable increased from $\$ 80,000$ at the beginning of the year to $\$ 162,000$ at year-end. Compute the amount of cash...

What is the primary reason for maintaining an inventory count timetable? A. To ensure obsolete inventory is

Question:

Expert Answer:

The detailed answer for the above question is provided below The pri... View the full answer

Edexcel AS And A Level Mathematics Pure Mathematics Year 1/AS

Students also viewed these accounting questions