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Definition of RFID
Acronym for Radio Frequency Identification. It is the basis for small radio
A method for dividing inventory into classifications,
The ability to produce a good or service with fewer resources than competitors. See also comparative advantage.
Well, frankly, accrual is not a good descriptive
A means of compensating the broker of a program trade solely on the basis of commission
An equation determining aggregate output as a function of aggregate inputs such as labor and capital.
The periodic rate times the number of periods in a year. For example, a 5%
Interest rate that is annualized using simple interest.
The effective, or true, annual rate of return. The APY is the rate actually
The inventory cost-flow assumption that assigns the average
The beginning inventory for a period, plus the amount at the end of
A convention used for quoting bids and offers for treasury bills in terms of annualized
a group of lines and spaces arranged in a special
Information encoded into a series of bar and spaces of varying widths,
Regarding a futures contract, the difference between the cash price and the futures price observed in the
In the bond market, the smallest measure used for quoting yields is a basis point. Each percentage
One one-hundredth of one percent
One hundredth of one percentage point, or 0.0001.
One one-hundredth of a percentage point, used to express variations in yields. For example, the difference between 5.36 percent and 5.38 percent is 2 basis points.
Price expressed in terms of yield to maturity or annual rate of return.
The uncertainty about the basis at the time a hedge may be lifted. Hedging substitutes basis risk for
Blanket inventory lien
A secured loan that gives the lender a lien against all the borrower's inventories.
The method used for computing the bond-equivalent yield.
The amount of money invested in inventory, as per a company’s
an incidental output of a joint process; it is salable,
A product that is an ancillary part of the primary production process, having
A material created incidental to a production process, which can be
Cash Flow Provided or Used from Financing Activities
Cash receipts and payments involving
Cash Flow Provided or Used from Investing Activities
Cash receipts and payments involving
A country has a comparative advantage over another country in the production of good A if to produce a unit of A it forgoes more of the production of good B than would the other country when it produces a unit of good A. Its efficiency in the production of good A relative to its efficiency in the production of good B is greater than is the case for the other country. See also absolute advantage.
The strategies, skills, knowledge, resources or competencies that differentiate a business from its competitors.
The number of compounding periods in a year. For example, quarterly
An asset’s purchase price, plus costs associated with the purchase, like installation fees, taxes, etc.
cost of production report
a process costing document that
Days' sales in inventory ratio
The average number of days' worth of sales that is held in inventory.
Selling something on a discounted basis is selling below what its value will be at maturity,
inventory intended for shipment to customers, usually
dollar days (of inventory)
a measurement of the value of inventory for the time that inventory is held
economic production run (EPR)
an estimate of the number
The dollar value or unit total of goods on hand at the end of an
equivalent units of production (EUP)
an approximation of the number of whole units of output that could have been
Factor of Production
A resource used to produce a good or service. The main macroeconomic factors of production are capital and labor.
Federal Employer Identification Number
A unique identification number issued
Finished goods inventory
Goods that have been completed by the manufacturing
Finished goods inventory
Completed inventory items ready for shipment to
First-In, First-Out (FIFO) Inventory Method
The inventory cost-flow assumption that
Fixed price basis
An offering of securities at a fixed price.
An account for the investment credit to show all income statement benefits of the credit
Excess inventory kept on hand to provide a buffer against
A method of selling a new issue of common stock in which the SEC declares the registration
The organization of data to show how often certain values or ranges of values occur.
grade (of product or service)
the addition or removal of product
Gross Domestic Product
Total output of final goods and services produced within a country during a year.
Gross domestic product (GDP)
The market value of goods and services produced over time including the
Gross National Product
Total output of final goods and services produced by a country's citizens during a year.
Gross national product (GNP)
Measures and economy's total income. It is equal to GDP plus the income
Excess inventories kept on hand as a buffer against contingent
High-Risk Small Business
Firm viewed as being particularly subject to risk from an investors perspective.
inventory currently situated between its shipment and delivery
Parts with no recent prior or forecasted usage.
Internal Revenue Code
Refers to all federal tax laws as a group.
For companies: Raw materials, items available for sale or in the process of being made ready for
Goods bought or manufactured for resale but as yet unsold, comprising raw materials, work-in-progress and finished goods.
The cost of the goods that a company has available for resale.
Goods that a firm stores in anticipation of its later sale or use as an input.
The cost of unsold goods that are held for sale in the ordinary course of business or
Those items included categorized as either raw materials, work-inprocess,
A transaction used to adjust the book balance of an inventory
The number of days it would take to sell the ending balance in inventory at the
The redirection of parts or finished goods away from their intended
A transaction used to record the reduction in inventory from a location,
A secured short-term loan to purchase inventory. The three basic forms are a blanket
The arrival of an inventory delivery from a supplier or other
inventory returned from a customer for any reason. This receipt
A term describing the loss of products from inventory
A shortfall between inventory based on actual physical counts and inventory
The ratio of annual sales to average inventory which measures the speed that inventory
The number of times a company sold out and replaced its average stock of goods in a year. The formula is:
The number of times per year that an entire inventory or a
Ratio of annual sales to inventory, which shows how many times the inventory of a firm is sold and replaced during an accounting period.
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
Refers to making an entry, usually at the close of a
Investment product line (IPML)
The line of required returns for investment projects as a function of beta
A product that has the highest sales value from among a group of products
Just-in-time inventory systems
Systems that schedule materials/inventory to arrive exactly as they are
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
The technique of stripping all non-value-added activities from
An inventory item’s budgeted maximum inventory level,
The value of the products that a retailing or wholesaling company intends to resell for a profit.
An inventory item’s budgeted minimum inventory level.
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.
National Income and Product Accounts
The national accounting system that records economic activity such as GDP and related measures.
Net advantage of refunding
The net present value of the savings from a refunding.
Net advantage to leasing
The net present value of entering into a lease financing arrangement rather than
Net advantage to merging
The difference in total post- and pre-merger market value minus the cost of the merger.
Net Domestic Product
GDP minus depreciation.
The current inventory balance, less allocated or reserved items.
Net National Product
GNP minus depreciation.
A general term referring to period costs, such as selling, administration and financial expenses.
Parts not used in any current end product.
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