Question: Why is it important to conduct cycle counting? A. It is used to pull the physical inventory for sale to ensure physical inventory matches against

Why is it important to conduct cycle counting? A. It is used to pull the physical inventory for sale to ensure physical inventory matches against records. B. It is used to count the non physical inventory in a service company to ensure physical inventory matches against records. C. It is used to remove physical inventory to ensure physical inventory matches against records. D. It is used to count the physical inventory to ensure physical inventory matches against records

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Why is it important to conduct cycle counting? A. It is used to pull the physical inventory for sale to ensure physical inventory matches against records. B. It is used to count the non physical...

QUESTION 1 Most inventory models are based on A ) profit maximization. B ) cost minimization. C ) optimum influence on demand. D ) minimizing setup times. E ) minimizing lead time. 5 points QUESTION...

1. Materials and supplies used when producing the products but are not parts of the finished goods are i. WIP ii. Scrab iii. MRO iv. Raw Materials 2. Given that EOQ is 500 units,annual demand is...

In your own words, describe a situation in ABC analysis when an otherwise C item should be reclassified as an A item. I'll leave some notes from class. Please don't answer only upon them. Chapter 8 -...

Hello ther, I need help with my finance case study (Ramsey Co. Case study). Please see the attachments for details and instructions. Thanks, Ramsey Inc. 2013 Purchase Order Register March 1, 2013 -...

Hello there, I need help with Finance homework assignment. Please see attachment details information and instructions. Thanks, Ramsey Inc. 2013 Purchase Order Register March 1, 2013 - March 31, 2013...

True / False: (10) Question 1.1 In a firm with centralised systems of data management, data is maintained at a decentralised location, and is shared with and updated by various departments. (2)...

MSFS 670 - The Ramsey Company Case The Company Ramsey, Inc. formed in 2001, is a wholesale distribution company that buys from various manufacturers and resells the items to retailers. The retailers...

The Company Ramsey, Inc. formed in 2001, is a wholesale distribution company that buys from various manufacturers and resells the items to retailers. The retailers in turn, sell to the public end...

Explain why the determination of transfer prices is more complex in a multinational, rather than in a domestic, setting.

Vanity Jewelers Incorporated signed a lease agreement on July 1, 2018, to lease diamond-polishing equipment from Whitehead Industries. The following information is relevant to the lease agreement. ...

I need a unique response to this discussion post. With one APA in-text citation and one APA reference. Kayla Walker Economic Value Added (EVA) is a financial performance metric that calculates a...

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...