What is maximum number of products possible in each product

Assignment Help Accounting Basics
Reference no: EM132587579

Monash Clayton Cosmetics supplies a range of beauty products for women and uses a computerised inventory system. Each product has an 8-digit number. The first 4 digits give the class of the product (hair, face, eyes, etc.). The last four digits are unique to the product itself.

Question a. The coding system limits the maximum number of products in each class. What is the maximum number of products possible in each product class under this coding system? Explain your answer.

Question b. Name and describe two computer tests (controls) that you would recommend to ensure that only valid product codes are entered when creating new products on the inventory masterfile.

Question c. Name and describe two computer tests (controls) that you would recommend to ensure the correct product code is entered when manually updating the inventory masterfile after stocktaking.

Reference no: EM132587579

Questions Cloud

Discuss the impact and methods of interest groups : Define interest groups and discuss the impact and methods of interest groups. How can a group use protests as a tool?
Would be ethical for corporation to issue preferred stock : Would be ethical for this corporation to issue preferred stock? A corporation originally was formed with only common stock outstanding.
Effective transfer pricing methodology : What is the role of an effective transfer pricing methodology in allowing effective performance measurement?
Determine the profit-maximizing price : ?The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -2.
What is maximum number of products possible in each product : Name and describe two computer tests (controls) that you would recommend to ensure that only valid product codes are entered
Public sector employees charged with offenses outside : Take a position for or against this statement- Public sector employees charged with offenses outside of the workplace should be held accountable
Is the consistent at acquisition date the net assets : However most of the parent's assets and liabilities are measured on a historical cost basis. is this consistent? Explain with Details other wise cancel?
Human resource management part of organizational structure : describe the primary ways the human resource management part of the organizational structure positively or negatively impacts the issue that you selected.
Solves the basic economic problems : Is the free market system is the best economic system, since it is the most efficient and solves the basic economic problems? Why or why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Wanda sublette recently opened her own basketweaving studio

wanda sublette recently opened her own basketweaving studio. she sells finished baskets in addition to the raw

  What is the impact on income by closing the plant

Assuming that the strikes continue for two months, what is the impact on income by closing the plant

  Partnership formed using 20 cash from each of two partner

partnership formed using 20 cash from each of two partner as initial capital so after forming partnership starting

  Calculate the dividend per share of common stock

The board of directors of First Class Airlines has declared a dividend of $4,300,000. The company has 400,000 shares of preferred stock that pay $0.70.

  Prepare a single journal entry to record the given costs

A company purchased property for a building site. Prepare a single journal entry to record the above costs assuming all transactions are paid in cash

  Prepare tigers statement of cash flows

Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities.

  Accounts receivable to mclaughlin company for cash

On December 1 of the current year, Jordan, Inc., assigns $125,000 of its accounts receivable to McLaughlin Company for cash.

  Foyle architects incorporated as licensed architects

Foyle Architects incorporated as licensed architects on April 1, 2014. During the first month of the operation of the business, these events and transactions occurred

  Calculate the economic order quantity

Annual usage of wheat 80 000 kilograms. Use the above data to calculate: (a) Economic order quantity (EOQ). (b) Number of orders per year

  Which ice creams sell more and generate more profit

Elsa wants to know how to increase revenues: which ice creams sell more and generate more profit

  Prepare the may income statement for china imports

China Imports, Inc., sold 18,000 units in May. Prepare the May income statement for China Imports, Inc., in the contribution margin format

  What is the product contribution margin ratio

What is the product's contribution margin ratio? What is the company's break-even point in units and in dollars for this product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd