User Account

All Pages

Why do companies ever need to do a physical count

Assignment Help Financial Accounting
Reference no: EM132531839

Morrow Snowboards implemented a perpetual inventory system to improve its control over inventory. It also stated that it would perform a physical inventory count every quarter until it felt that the perpetual inventory system was reliable.

Question 1: If a perpetual system keeps track of inventory on a daily basis, why do companies ever need to do a physical count?

Reference no: EM132531839

Questions Cloud

What is change in fair value less estimated point-of-sale : What is the change in fair value less estimated point-of-sale costs of the vines for the reporting period 30 June 2012 in accordance with NZ IAS
What is the islam and deegan article about : What is the Islam and Deegan (2010) article about? Now what to do with that knowledge or understanding? So what does it mean?
Work involved in the digital forensics world : The Physical Model was based on the idea that people did not really understand the work involved in the digital forensics world
Value sensitive design of complex product systems : Value Sensitive Design of Complex Product Systems: According to Ligtvoet, van de Kaa, Fens, van Beers, Herder, and van den Hoven,
Why do companies ever need to do a physical count : Morrow Snowboards implemented, If a perpetual system keeps track of inventory on a daily basis, why do companies ever need to do a physical count?
What would be the gross profit : Overhead was applied based on the following predetermined overhead rates: What would be the gross profit if the company increased the selling price
Find what is the coupon rate on the bond : 15 years to maturity and is currently valued at $980.50. Investors annual required rate of return is 9%. What is the coupon rate on this bond?
Letter of bank guarantee with all its 8 provisions : Could you make me a letter of Bank Guarantee with all its 8 provisions
What steps companies take to avoid such serious disruption : JIT (Just-in-time) can save a company a lot of money, What steps might companies take to avoid such a serious disruption in the future?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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