ACC 100 Accounting Principles I Week 5 Discussion Question 1
Inefficient Inventory management can also strike a mortal blow to a company’s cash flow and its existence. If the dollars invested into Inventory are not converted into sales revenue, it’s like throwing money away.
Does anyone use a periodic system??
And finally, has anyone worked at an organization where “Just in Time” Inventory management programs were implemented?? Or does anyone work for a company where POS(point of service) inventory systems update inventory in real time??
The following is an example of a financial statement that will satisfy this week’s requirement:
http://phx.corporate-ir.net/Ex
250 words
refs n cite
preview of the answer..
It is important for any organization to manage their inventory properly and a proper system needs to be put in place to ensure that the conversion of the inventory into cash is done in a proper manner so as to make revenue for the company. The use of the conversion cycle in this case is important as it helps the company to convert its inventory faster into cash. The lower the …
334 words APA