Our Services

Get 15% Discount on your First Order

Sometimes you can be holding inventory, and it is not

November 14, 2022

Sometimes you can be holding inventory, and it is not yours. Other times you can have inventory with a customer that is still yours. For example, consigned inventory is inventory being held by retailers but owned by the manufacturer.

Knowing when ownership inventory passes from you to your customers or from your suppliers to you is important when properly stating your inventory balance on the balance sheet and your cost of goods sold on the income statement.

Respond to the following in a minimum of 175 words:

What are two reasons some industries have inventory on consignment?
Why would a company care about which inventory valuation method it uses—LIFO, FIFO, or average? Provide an example to support your answer.

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

The Ethical Continumm

Each question should be attempted. Answers should be from your own personal perspective. No academic theory required. Each answer should be a paragraph (5-6 lines) All submitted documents should be titled ‘MKT511 Ethics Your Name’ 1. The diagram above represents the Ethical Continuum. Which category of the ethical continuum most

Students will complete an 8-to 10-page research paper in which

Students will complete an 8-to 10-page research paper in which students analyze and synthesize literature on a selected topic, develop and support a thesis, and practice ethical scholarship including the use of appropriate citation style. Topic: The student will examine the impact of a crisis and resolution, whether political,

DISCUSSION BOARD 1) Trace the history of cannabis use in

DISCUSSION BOARD 1) Trace the history of cannabis use in medicine for the treatment and management of illness via nursing scholarly journal articles. Examine your sources for the following information below and describe the following: 2. Who are the stakeholders both in support of and in opposition to medicinal cannabis

Overview Different audiences require different communication styles and media. In this assignment, you will communicate the same information to different a

Overview Different audiences require different communication styles and media. In this assignment, you will communicate the same information to different audiences in different formats. You have been coordinating with the benefits team to modify the current employee benefits package to support your long-term employee engagement and retention strategy. After a

Think about a situation in which you have gone through

Think about a situation in which you have gone through an onboarding process. What information or resources were available to you to help you become familiar with your new environment? How did you learn about these resources? Did you use these resources after you learned your way around? Exercise

Provide an explanation of the issue: What is the issue?

Provide an explanation of the issue: What is the issue? Why is it important? Why is it of interest to you? (If it’s not of interest, choose a different topic!) What has been proposed or attempted to address the problem, and by whom? Focus on the issue. (If you identify a specific

Emergencies pose many challenges for communities. It is important for

Emergencies pose many challenges for communities. It is important for organizations to work together during a disaster or mass casualty. Please answer the following questions: 1. Why are public-private partnerships important in the National Incident Management System? 2. During medical triage, which organizations or partnerships are involved in START

The decision in Williams v Roffey Bros signals that the courts in

The decision in Williams v Roffey Bros signals that the courts in deciding whether or not to enforce a promise, may be guided less by technical questions of consideration than by questions of fairness, reasonableness and commercial utility. The assignment will be in accordance with the following criteria: •

Plants vs Zombies 2 is the sequel to the popular

Plants vs Zombies 2 is the sequel to the popular Android and iOS game. It introduces new zombie and plant types. This game is quite challenging with hundreds of levels and several different game modes. Moreover, it also has a multiplayer mode. In this mode, you can play against friends

Sediment Jar Assignment Materials Needed: one glass jar, pickle jar

Sediment Jar Assignment Materials Needed: one glass jar, pickle jar works well, wash the jar and keep the lid! variety of dirt, sand, small gravel, clay, whatever you can find in your yard or nearby, enough to fill 1/2 of your jar and no more. Nothing larger than 1/4

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION2020 and 2021 Balance

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION2020 and 2021 Balance SheetsAssets20202021Liabilities and Owners’ Equity20202021Current assets Current liabilities Cash$ 11,250$ 19,440Accounts payable$ 30,600$ 49,200Accounts receivable11,85016,080Notes payable24,90031,200Inventory39,15060,240 Total$ 62,250$ 95,760Total$ 55,500$ 80,400 Long-term debt$ 27,000$ 24,000 Owners’ equity Common stock and paid-in surplus$ 48,000$ 48,000 Retained earnings169,500327,600 Net plant

Prepare: Prior to beginning work on this assignment, view the

Prepare: Prior to beginning work on this assignment, view the videos Scholarly and Popular Sources(1) (Links to an external site.), Why Can’t I Just Google? (Links to an external site.), and Effective Internet Search: Basic Tools and Advanced Strategies (Links to an external site.). Reflect: Good research is a combination of many types of sources. Prior to

ONE PARAGRAPH FOR EACH QUESTION WITH 2 SUPPORTING PEER REVIEWED

ONE PARAGRAPH FOR EACH QUESTION WITH 2 SUPPORTING PEER REVIEWED REFERENCES! Be sure to provide 2 APA citations of the supporting evidence- based peer reviewed articles you selected to support your thinking. Make sure to ANSWER EACH QUESTION ACCURATELY. (Please review attachments) Please do not plagiarize nor reword another persons

Loyal customer

The brand is (Apple) *Analyze the brand position in its niche/market as it relates to the four components of brand position in. (the four components are target audience, brnad essence, brand promise, and brand personality) *Evaluate brand equity *Identify current challenges and opportunities for the brand in chart form. *Explain

Demonstrate designing and managing service processes, crafting the service environment

Demonstrate designing and managing service processes, crafting the service environment via case study analysis (SL05, CO3). Go to The Accra Beach Hotel: Block Booking of Capacity During a Peak Period case: https://www.worldscientific.com/doi/suppl/10.1142/y0024/suppl_file/y0024_Case07_free.pdf Answer the 4 questions at the end of the case, Write a minimum of 2 pages, use

This is DB and reply post, will post reply post

This is DB and reply post, will post reply post in messages As you have learned this week, your digital footprint can have a profound impact on your job search. After completing this week’s activity, and taking time to read the article, discuss the following: What did you find

Consider the advocacy topic you have selected and why this

Consider the advocacy topic you have selected and why this is such an important topic within the field of early childhood education. Think about the following questions: • What is it about this topic that stirs your professional passion? • Who does your topic influence? • Why should this topic