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Definition of inventory write-down
Refers to making an entry, usually at the close of a
A secured loan that gives the lender a lien against all the borrower's inventories.
A mortgage loan on newly developed property that the builder subsidizes during the
Mortgages in which monthly payments consist of principal and interest, with portions of these
The ability of the bankruptcy court to confirm a plan of reorganization over the objections of
The average number of days' worth of sales that is held in inventory.
Barrier option that comes into existence if asset price hits a barrier.
Barrier option that expires if asset price hits a barrier.
A classic negative change in ratings for a stock, and or other rated security.
For companies: Raw materials, items available for sale or in the process of being made ready for
A secured short-term loan to purchase inventory. The three basic forms are a blanket
The ratio of annual sales to average inventory which measures the speed that inventory
Systems that schedule materials/inventory to arrive exactly as they are
In a Treasury refunding, the amount by which the par value of the securities maturing exceeds that
A management style that begins with an assessment of the overall
To guarantee, as to guarantee the issuer of securities a specified price by entering into a purchase
A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking
Decreasing the book value of an asset if its book value is overstated compared to current market values.
The seller of an option, usually an individual, bank, or company, that issues the option and
The number of times a company sold out and replaced its average stock of goods in a year. The formula is:
The value of the products that a retailing or wholesaling company intends to resell for a profit.
Goods bought or manufactured for resale but as yet unsold, comprising raw materials, work-in-progress and finished goods.
Direct write-off method
A method of adjusting accounts receivable to the amount that is expected to be collected by eliminating the account balances of specific nonpaying customers.
The cost of the goods that a company has available for resale.
Periodic inventory system
An inventory system in which the balance in the inventory account is adjusted for the units sold only at the end of the period.
Perpetual inventory system
An inventory system in which the balance in the inventory account is adjusted for the units sold each time a sale is made.
A term describing the loss of products from inventory
inventory turnover ratio
The cost-of-goods-sold expense for a given
Inventory Turnover Ratio
Provides a measure of how often a company's inventory is sold or
dollar days (of inventory)
a measurement of the value of inventory for the time that inventory is held
any management action that reduces employment
a streamlined system of inventory
The beginning inventory for a period, plus the amount at the end of
The amount of money invested in inventory, as per a company’s
Finished goods inventory
Goods that have been completed by the manufacturing
Moving average inventory method
An inventory costing methodology that calls for the re-calculation of the average cost of all parts in stock after every purchase.
A system that continually tracks all additions to and deletions
Raw materials inventory
The total cost of all component parts currently in stock that
inventory that has been partially converted through the
The transfer of some or all of the contents of an asset account into an expense
Firm that buys an issue of securities from a company and resells it to the public.
Goods that a firm stores in anticipation of its later sale or use as an input.
See investment banker.
Average-Cost Inventory Method
The inventory cost-flow assumption that assigns the average
First-In, First-Out (FIFO) Inventory Method
The inventory cost-flow assumption that
The cost of unsold goods that are held for sale in the ordinary course of business or
The number of days it would take to sell the ending balance in inventory at the
A shortfall between inventory based on actual physical counts and inventory
Last-In, First-Out (LIFO) Inventory Method
The inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory
A reduction in the balance-sheet valuation of an asset with an accompanying
ABC inventory classification
A method for dividing inventory into classifications,
inventory intended for shipment to customers, usually
The dollar value or unit total of goods on hand at the end of an
Finished goods inventory
Completed inventory items ready for shipment to
Excess inventory kept on hand to provide a buffer against
Excess inventories kept on hand as a buffer against contingent
Parts with no recent prior or forecasted usage.
inventory currently situated between its shipment and delivery
Those items included categorized as either raw materials, work-inprocess,
A transaction used to adjust the book balance of an inventory
The redirection of parts or finished goods away from their intended
A transaction used to record the reduction in inventory from a location,
The arrival of an inventory delivery from a supplier or other
inventory returned from a customer for any reason. This receipt
The number of times per year that an entire inventory or a
An inventory item’s budgeted maximum inventory level,
An inventory item’s budgeted minimum inventory level.
The current inventory balance, less allocated or reserved items.
Parts not used in any current end product.
A physical inventory count taken on a repetitive basis.
A manual or automated inventory tracking system in which
A manual count of the on-hand inventory.
The process of comparing book to actual inventory balances,
Very high inventory levels built up in anticipation of large
Parts for which the on-hand quantity exceeds forecasted
The direct management and ownership of selected
This could be the person (broker or agent) who helps you choose the proper type of life insurance or disability insurance and the insurance company for your particular needs. This could also be the person at the insurance company's head office who reviews your application for coverage to determine whether or not the insurance company will issue a policy to you.
Ratio of annual sales to inventory, which shows how many times the inventory of a firm is sold and replaced during an accounting period.
Person that uses various types of evidence to evaluate the insurability of a client.
A special, nonrecurring charge taken in conjunction with a consolidation
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