The echelon inventory at the distributor is equalto the inventory at the distributor, plus the inventory in transit to and in stock at theretailer.
举一反三
- Gross profit for 20X3 can be calculated from: A: Purchases for 20X3, plus inventory at 31 December 20X3, less inventory at 1 January 20X3 B: Purchases for 20X3, less inventory at 31 December 20X3, plus inventory at 1 January 20X3 C: Cost of goods sold during 20X3, plus sales during 20X3 D: Net profit for 20X3, plus expenses for 20X3
- Which of the following is the correct formula for cost of sales? A: Opening inventory – purchases + closing inventory B: Purchases – closing inventory + sales C: Opening inventory + closing inventory – purchases D: Opening inventory – closing inventory + purchases
- Beginning merchandise inventory plus the net cost of purchases is the merchandise available for sale.
- In calculating the quick ratio, the inventory portion is deducted from current assets and divided by current liabilities because ( )is the reason for this A: Inventory is not easy to keep B: The quality of inventory is difficult to guarantee C: Low liquidity of inventory D: The quantity of inventory should not be determined
- ( ) is in excess of their current need for a possible future event. A: safety stock B: speculative inventory