Cycle counting: assumes that the most frequently used items must be counted more frequently. is a process by which inventory records are verified once a year. eliminates annual inventory adjustments. provides a measure of inventory turnover. assumes that all inventory records must be verified with the same frequency.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cycle counting: assumes that the most frequently used items must be counted more frequently. is a process by which inventory records are ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Martina, Inc. has two service departments (Human Resources and Building Maintenance) and two production departments (Machining and Assembly).
Answers (1)
The organizational structure of the U. S. Army's 1st Infantry Division provides for direct two-way lines of responsibility, authority, and communication running from the top to the bottom.
Answers (1)
Burkert Company has 50,000 shares of $1 par value common stock issued and outstanding. The company also has 4,000 shares of $100 par value, 4 % cumulative preferred stock outstanding. Burkert did not pay the preferred dividends in 2014 and 2015.
Answers (1)
During an interview you should be modest about your skills and abilities. a. True b. False
Answers (1)
How much does the state of Florida lose every year in lost income earnings due to car crashes? a. About a million b. About a billion c. About 2 billion d. About 3 billion
Answers (1)
New Questions in Business
Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships. Required:1. The likelihood of a payment occurring is probable, and the estimated amount is $1.3 million. 2.
Answers (1)
A material weakness is a situation in which Multiple Choice A) There is a remote likelihood that a material misstatement would be detected on a timely basis.
Answers (1)
In latvia, only one six-lane highway exists, connecting riga, its capital, with moscow. otherwise, the roads are two lanes and many are made of cobblestones or bricks.
Answers (1)
When the government injects money into the economy, consumers may have more disposable income, which may lead to higher unemployment. higher production lower production. increases in taxes.
Answers (2)
Stock prices are determined in the financial markets. Management's primary goal is to maximize the firm's stock price, so financial managers need to understand how these markets operate in order to make good decisions.?
Answers (1)