industry figures serve as a guide for comparison. Too large an inventory may not be justified because the turnover does not warrant investment. On the other hand‚ because products are not available to meet demand‚ too small an inventory may minimize sales and profits as customers go somewhere else to buy what they want where it is immediately available. Minimum inventories based on reordering time need to become important aspects of buying activity. Carrying costs‚ material purchases‚ and storage
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of the day’s sale and keeping track of inventory are done automatically. Statement of Objectives The objective of this system is to lessen the effort handled by each personnel of the company and improve the sales transaction. General Objectives An Inventory system provides businesses with the ability to computerize systematize and collect retail information. Where cash registers‚ including complex register systems‚ have limited information collection capacity‚ inventory and sales systems can gather
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CONTENTS |CHAPTER |TITLE |PAGE NO | | |LIST OF TABLES | | | |LIST OF CHARTS | | | |
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Ethical Issues in Sales: Two Case Studies Thomas L. Carson Ethical issues in sales are an important and neglected topic in business ethics. Roughly 9% of the U.S. work force is involved in sales of one sort or another. But very little has been written about ethical issues in sales. Case 1: Shoe sales [The following case is taken from a paper that I received from a student. I am using this case with the student’s permission. The student did not want me to use his/her name. I have made some minor
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information to TrendBaby via email. Meanwhile‚ Sally May‚ a sales representative for Dracca ran into her neighbor who is a sales representative from one of Dracca’s competitors. May is friendly with her neighbor‚ and drives her children to school each morning. The families get along well‚ and often have barbeques and other social events together in the neighborhood. As part of the small talk‚ May mentioned to her neighbor the new sales promotion Dracca was offering retailers on its full line of products
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that uses computer technology in doing business transaction gets easier‚ accurate and safe to keep important records as well as retrieving daily sales to keep track of their business. Windows based transaction is now very common to widen the target of a company. It becomes more attractive to its client considering it can save time and a hassle-free. Sales Monitoring System was proposed in replacement of the manual process of business transaction of EAL Food and Grill. This system will improve and
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TABLE OF CONTENTS - CHAPTER 11 I. CHAPTER 11 – INVENTORY 1 II. OVERVIEW AND OBJECTIVES 1 A. Overview 1 B. Objectives 1 III. DEFINITION OF INVENTORY 1 IV. INTERNAL CONTROLS 2 V. ESTABLISHING AND MAINTAINING AN INVENTORY 2 VI. VALUING THE INVENTORY 4 A. FIFO 5 B. Weighted Average 6 VII. YEAR-END PHYSICAL INVENTORY 7 VIII. EXHIBITS 8 CHAPTER 11 – INVENTORY The purpose of this chapter of The Guide is to explain the concept of inventory and to discuss the policies‚ guidelines
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depreciation charges are reported as a use of cash. In the statement of cash flows‚ a decrease in inventories is reported as a use of cash. 3. (TCO G) LeCompte Corp. has $312‚900 of assets‚ and it uses only common equity capital (zero debt). Its sales for the last year were $620‚000‚ and its net income after taxes was $24‚655. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would LeCompte need in order
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Depreciation is the decline in the future economic benefits of a depreciable non-current asset through wear and tear and obsolescence. It is an allocation process. It can be calculated by two main methods‚ each reflecting in a distinct prospect in the way the asset is used. Depreciation is to be treated as an estimated expense that does not set aside cash for the replacement of a non-current asset. In determining the cost of acquisition of the lathes‚ any capital expenditure made must be added
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Create a Marketing Plan A good marketing plan can shape the way you connect to your existing customers and attract new ones. It can also help you determine the types of customers you should target‚ how to reach them and how to track the results so you learn what works to increase business. If you don’t have a marketing plan‚ creating one is not difficult. A successful marketing plan doesn’t have to be complex or lengthy‚ but should contain enough information to help you establish‚ direct and coordinate
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