Question

In this bible reference, the inventory was wheat that must be expended. Is there ever a...

In this bible reference, the inventory was wheat that must be expended. Is there ever a reason in the case of a non-perishable product to not have too much inventory on hand?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Perishable goods are stored for long as it may be spoiled.

Non- Perishable products do not get spoiled that easily with time but that doesn't mean they can be stored in large quantity.

Too much inventory of products is not recommended as there is uncertainty in market, consumer demand pattern may change, new products innovation, as consumer may not be willing to pay for an older product when a new and updated product is available in the market.

So, it is too risky to maintain large quantity of even Non-Perishable products in hand especially in such a fast changing market environment as it can lead to high losses.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1.   Consider an economy with three goods – wheat, flour and bread. Wheat and flour are...
1.   Consider an economy with three goods – wheat, flour and bread. Wheat and flour are intermediate goods (non-durable capital goods) whereas bread is the only consumer good and no inventory of any good is maintained. i. Assuming wages and profits are the only forms of income, construct an example showing the payments of the producers of the three goods (including inter-producer payments) ii.Calculate the GDP of this imaginary economy using the product, income and expenditure methods. Explain how these...
in jGRASP INVENTORY CLASS You need to create an Inventory class containing the private data fields,...
in jGRASP INVENTORY CLASS You need to create an Inventory class containing the private data fields, as well as the methods for the Inventory class (object). Be sure your Inventory class defines the private data fields, at least one constructor, accessor and mutator methods, method overloading (to handle the data coming into the Inventory class as either a String and/or int/float), as well as all of the methods (methods to calculate) to manipulate the Inventory class (object). The data fields...
1. Read the opening case below captioned ‘Too Much Inventory’. Citing from the relevant standard (IAS...
1. Read the opening case below captioned ‘Too Much Inventory’. Citing from the relevant standard (IAS 2 - Inventory), explain why BB Ltd had to undertake massive write-downs in 2014. 2. Based solely on the data given in the opening case, prepare the typical journal entry BB Ltd would probably have made to record its write-downs in 2014. 'Too Much Inventory' BlackBerry Ltd. faced a rough week in late September 2013. Within a seven-day period, the company not only announced...
Instructions: Answer the following questions. Each answer or conclusion must be supported by appropriate references to...
Instructions: Answer the following questions. Each answer or conclusion must be supported by appropriate references to the FASB Codification, by using correctly formatted citations. Do NOT copy and paste the codification sections. Writing counts. Your work must be organized and logical, using properly structured paragraphs and sentences, correct grammar and without spelling errors. It is important to consider who is your audience. 1. On October 1, 2018, DAW Inc. signed a long-term, non-cancellable purchase commitment with a major supplier to...
Read the Chapter 12 Case Study "Inventory Control at Wheeled Coach Ambulance" then write a summary...
Read the Chapter 12 Case Study "Inventory Control at Wheeled Coach Ambulance" then write a summary of at least 300 words using the accompanying discussion questions to guide your essay written in APA style, with a reference page and a cover page. APA requires double space Controlling inventory is one of Wheeled coachs toughest problems. Operating according to a stratergy of mass customization and responsiveness, management knows that success is dependent on tight inventory control. Anything else results in an...
Penny is the first Controller ever hired at a medium-sized farm machinery company. The firm has...
Penny is the first Controller ever hired at a medium-sized farm machinery company. The firm has reacquired tractors and other parts and equipment from farmers who filed for bankruptcy or were seriously behind in their monthly payments during a recent two-year downturn in the economy. In addition, the firm has acquired some miscellaneous inventory from competitors experiencing the same misfortune. One of Penny’s initial goals is to determine how accurately the inventory on the books reflects its fair market value....
Comment on the following excerpt: You can criticise or add pointers. America in its ever changing...
Comment on the following excerpt: You can criticise or add pointers. America in its ever changing evolution is in the precepts of social indignations when it comes to immigration, leading to race clashes and political upheaval. While there are some in society ready for change there are others who are not. Deep lines are being drawn on the subject, that will forever change the fabric of our country. There is a call and need to vocalize the need for change...
Mercia Chocolates produces gourmet chocolate products with no preservatives. Any production must be sold within a...
Mercia Chocolates produces gourmet chocolate products with no preservatives. Any production must be sold within a few days, so producing for inventory is not an option. Mercia’s single plant has the capacity to make 94,500 packages of chocolate annually. Currently, Mercia sells to only two customers: Vern’s Chocolates (a specialty candy store chain) and Mega Stores (a chain of department stores). Vern’s orders 54,900 packages and Mega Stores orders 19,500 packages annually. Variable manufacturing costs are $19 per package, and...
SLOW MOVERS Kareen is the first Controller ever hired at a medium-sized farm machinery company. The...
SLOW MOVERS Kareen is the first Controller ever hired at a medium-sized farm machinery company. The firm has reacquired tractors and other parts and equipment from farmers who filed for bankruptcy or were seriously behind in their monthly payments during a recent two- year downturn in the economy. In addition, the firm has acquired some miscellaneous inventory from competitors experiencing the same misfortune. One of Kareen’s initial goals is to determine how accurately the inventory on the books reflects its...
11) how many units must be produced to also meet the 7000 units required in ending...
11) how many units must be produced to also meet the 7000 units required in ending inventory. ( this is managerial accounting) 2) Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half pound of material, which costs $1.20 per pound. The company’s policy is to have enough material on hand to equal 10% of the next month’s production needs and to maintain a finished goods inventory...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT