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Definition of Wave picking
The practice of grouping the priority of pick lists so that groups of
picking for several summarized orders at the same time, thereby
Selecting specific assets for sale so as to record desired gains or losses.
A picking method requiring the sequential completion of
The process of moving items from stock for shipment to customers.
A document listing items to be removed from stock, either for delivery to the shop floor for production purposes or for delivery to a customer.
Withdrawing parts or subassemblies from stock in order to
The practice of picking by area of the warehouse, rather than by
A group of similar products produced together.
A cost that is incurred when a group of products or services are produced,
a cost that is caused by a group of things
Capital rationing that under certain circumstances can be violated or even viewed
The ability to produce a good or service with fewer resources than competitors. See also comparative advantage.
Rule in bankruptcy proceedings whereby senior creditors are required to be paid in full
Goods may be returned to the seller by the purchaser without restrictions.
A method of costing in which all fixed and variable production costs are charged to products or services using an allocation base.
a cost accumulation and reporting
A methodology under which all manufacturing costs are assigned
total liabilities exceed total assets. A firm with a negative net worth is insolvent on
acid test ratio (also called the quick ratio)
The sum of cash, accounts receivable, and short-term marketable
Acquisition of assets
A merger or consolidation in which an acquirer purchases the selling firm's assets.
the systematic assignment of an amount to a recipient
The process of storing costs in one account and shifting them to other
Allocation base A measure of activity or volume such as labour
hours, machine hours or volume of production
approximated net realizable value at split-off allocation
a method of allocating joint cost to joint products using a
Any possession that has value in an exchange.
A resource, recorded through a transaction, that is expected to yield a benefit to a
something that is owned; a financial claim or a piece of property that is a store of value.
Probable future economic benefit that is obtained or controlled by an entity as a result of
Anything owned by, or owed to, an individual or business which has commercial or exchange value (e.g., cash, property, etc.).
All things of value owned by an individual or organization.
Asset activity ratios
Ratios that measure how effectively the firm is managing its assets.
Asset allocation decision
The decision regarding how an institution's funds should be distributed among the
Bond or note secured by assets of company.
A security that is collateralized by loans, leases, receivables, or installment contracts
Methods of financing in which lenders and equity investors look principally to the
Loans granted usually by a financial institution where the asset being financed constitutes the sole security given to the lender.
Categories of assets, such as stocks, bonds, real estate and foreign securities.
Extent to which a company's net assets cover a particular debt obligation, class of preferred stock, or equity position.
A bond indenture restriction that permits additional borrowing on if the ratio of assets to
The ratio of total assets to stockholder equity.
Asset for asset swap
Creditors exchange the debt of one defaulting borrower for the debt of another
Also called surplus management, the task of managing funds of a financial
The weighting of assets in an investment portfolio among different asset classes (e.g. shares, bonds, property, cash, overseas investments.
Asset pricing model
A model for determining the required rate of return on an asset.
Asset pricing model
A model, such as the Capital Asset Pricing Model (CAPM), that determines the required
The amount of total risk that can be eliminated by diversification by
A firm's investing in assets that are riskier than those that the debtholders expected.
Asset substitution problem
Arises when the stockholders substitute riskier assets for the firm's existing
An interest rate swap used to alter the cash flow characteristics of an institution's assets so as to
The ratio of net sales to total assets.
a ratio measuring asset productivity and showing the number of sales dollars generated by each dollar of assets
asset turnover ratio
A broad-gauge ratio computed by dividing annual
A firm's productive resources.
Anything of value that a company owns.
Things that the business owns.
Items owned by the company or expenses that have been paid for but have not been used up.
A common element of a financial plan that describes projected capital spending and the
A debt or equity security not classified as a held-to-maturity security or a trading security. Can be classified as a current or noncurrent investment depending on the intended holding period.
Bank for International Settlements (BIS)
An international bank headquartered in Basel, Switzerland, which
A method of securities distribution/ underwriting in which the securities firm agrees to sell
Bill and Hold Practices
Products that have been sold with an explicit agreement that delivery
Related: Premium payback period.
Canadian Life and Health Insurance Association (CLHIA)
An association of most of the life and health insurance companies in Canada that conducts research and compiles information about the life and health insurance industry in Canada.
decision Allocation of invested funds between risk-free assets versus the risky portfolio.
an asset used to generate revenues or cost savings
A fixed asset, something that is expected to have long-term usage within
Capital asset pricing model (CAPM)
An economic theory that describes the relationship between risk and
Capital Asset Pricing Model (CAPM)
A model for estimating equilibrium rates of return and values of
capital asset pricing model (CAPM)
Theory of the relationship between risk and return which states that the expected risk
Capital gains yield
The price change portion of a stock's return.
Capitalized Cost An expenditure or accrual that is reported as an asset to be amortized against
Cash flow time-line
Line depicting the operating activities and cash flows for a firm over a particular period.
Cash settlement contracts
Futures contracts, such as stock index futures, that settle for cash, not involving
A public agency responsible for regulating and controlling an economy's monetary and financial institutions. It is the sole money-issuing authority.
a management style that exists when top management
A transaction in which the seller's intention is to reduce or eliminate a long position in a stock,
Related: Unsystematic risk
See asset-specific risk
The collection of money managers of similar investment style used for assessing
A type of agreement to sell whereby a seller retains title to goods sold and delivered to a purchaser until full payment has been made.
Conditional Sale Agreement
An agreement entered into between a conditional buyer and a conditional seller setting out the terms under which goods change hands.
Conditional sales contracts
Similar to equipment trust certificates except that the lender is either the
A type of bond that has an infinite life but is not issued in the U.S. capital markets.
Consolidated Omnibus Budget Reconciliation Act (COBRA)
A federal Act
The combining of two or more firms to form an entirely new entity.
A summarization of the financial statements of a parent company and
A merchant banking subsidiary set up by several banks that may or may not be of the
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
An offset to an asset account that reduces the balance of the asset account.
the assignment, using some reasonable basis,
Cost of goods sold
The cost of merchandise that a company sold this year. For manufacturing companies, the cost of raw
Cost of goods sold
See cost of sales.
Cost of goods sold
The cost of the items that were sold during the current period.
Cost of goods sold
The accumulated total of all costs used to create a product or service,
Cost of goods sold
The charge to expense of the direct materials, direct labor, and
Cost of sales
The manufacture or purchase price of goods sold in a period or the cost of providing a service.
Creative Accounting Practices
Any and all steps used to play the financial numbers game, including
The return at which two alternative projects have the same net present value.
typically the cash, accounts receivable, and inventory accounts on the
Value of cash, accounts receivable, inventories, marketable securities and other assets that
Cash, things that will be converted into cash within a year (such as accounts receivable), and inventory.
Amounts receivable by the business within a period of 12 months, including bank, debtors, inventory and prepayments.
Current refers to cash and those assets that will be turned
Cash and other company assets that can be readily turned into cash within one year.
the time between the placement of an order to
Date of record
Date on which holders of record in a firm's stock ledger are designated as the recipients of
Days' sales in inventory ratio
The average number of days' worth of sales that is held in inventory.
Days' sales outstanding
Average collection period.
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