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Financial Terms | |
Zone picking |
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Definition of Zone pickingZone pickingThe practice of picking by area of the warehouse, rather than by
Related Terms:Batch pickingpicking for several summarized orders at the same time, thereby Cherry PickingSelecting specific assets for sale so as to record desired gains or losses. Discrete order pickingA picking method requiring the sequential completion of Order pickingThe process of moving items from stock for shipment to customers. Picking listA document listing items to be removed from stock, either for delivery to the shop floor for production purposes or for delivery to a customer. Picking transactionWithdrawing parts or subassemblies from stock in order to Target zone arrangementA monetary system under which countries pledge to maintain their exchange rates ![]() Wave pickingThe practice of grouping the priority of pick lists so that groups of BatchA group of similar products produced together. Batch costA cost that is incurred when a group of products or services are produced, batch-level costa cost that is caused by a group of things "Soft" Capital RationingCapital rationing that under certain circumstances can be violated or even viewed Absolute AdvantageThe ability to produce a good or service with fewer resources than competitors. See also comparative advantage. Absolute priorityRule in bankruptcy proceedings whereby senior creditors are required to be paid in full Absolute Right of ReturnGoods may be returned to the seller by the purchaser without restrictions. Absorption costingA method of costing in which all fixed and variable production costs are charged to products or services using an allocation base. ![]() absorption costinga cost accumulation and reporting Absorption costingA methodology under which all manufacturing costs are assigned Accounting insolvencytotal 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 assetsA merger or consolidation in which an acquirer purchases the selling firm's assets. Additional hedgeA protection against borrower fallout risk in the mortgage pipeline. Additional paid-in capitalAmounts in excess of the par value or stated value that have been paid by the public to acquire stock in the company; synonymous with capital in excess of par. Additional paid-in capitalAny payment received from investors for stock that exceeds additional paid-in capitalDifference between issue price and par value of stock. Also called capital surplus. allocationthe systematic assignment of an amount to a recipient AllocationThe process of storing costs in one account and shifting them to other ![]() Allocation base A measure of activity or volume such as labourhours, machine hours or volume of production approximated net realizable value at split-off allocationa method of allocating joint cost to joint products using a Asset allocation decisionThe decision regarding how an institution's funds should be distributed among the Asset-specific RiskThe amount of total risk that can be eliminated by diversification by AssetsA firm's productive resources. ASSETSAnything of value that a company owns. AssetsThings that the business owns. AssetsItems owned by the company or expenses that have been paid for but have not been used up. Assets requirementsA common element of a financial plan that describes projected capital spending and the Available-for-Sale SecurityA 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. Best-efforts saleA method of securities distribution/ underwriting in which the securities firm agrees to sell Bill and Hold PracticesProducts that have been sold with an explicit agreement that delivery Break-even timeRelated: Premium payback period. Buy limit orderA conditional trading order that indicates a security may be purchased only at the designated 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. Capital allocationdecision Allocation of invested funds between risk-free assets versus the risky portfolio. Capital gains yieldThe price change portion of a stock's return. Capitalized Cost An expenditure or accrual that is reported as an asset to be amortized againstfuture-period revenue. Cash flow time-lineLine depicting the operating activities and cash flows for a firm over a particular period. Central BankA public agency responsible for regulating and controlling an economy's monetary and financial institutions. It is the sole money-issuing authority. centralizationa management style that exists when top management Closing saleA transaction in which the seller's intention is to reduce or eliminate a long position in a stock, Company-specific riskRelated: Unsystematic risk Companyspecific RiskSee asset-specific risk Comparison universeThe collection of money managers of similar investment style used for assessing Completed-Contract MethodA contract accounting method that recognizes contract revenue Conditional SaleA 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 AgreementAn agreement entered into between a conditional buyer and a conditional seller setting out the terms under which goods change hands. Conditional sales contractsSimilar to equipment trust certificates except that the lender is either the ConsolA 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 ConsolidationThe combining of two or more firms to form an entirely new entity. ConsolidationA summarization of the financial statements of a parent company and Consortium banksA 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. cost allocationthe assignment, using some reasonable basis, Cost of goods soldThe cost of merchandise that a company sold this year. For manufacturing companies, the cost of raw Cost of goods soldSee cost of sales. Cost of goods soldThe cost of the items that were sold during the current period. Cost of goods soldThe accumulated total of all costs used to create a product or service, Cost of goods soldThe charge to expense of the direct materials, direct labor, and Cost of salesThe manufacture or purchase price of goods sold in a period or the cost of providing a service. Creative Accounting PracticesAny and all steps used to play the financial numbers game, including Cross-border riskRefers to the volatility of returns on international investments caused by events associated Crossover rateThe return at which two alternative projects have the same net present value. Current assetsValue of cash, accounts receivable, inventories, marketable securities and other assets that Current assetsCash, things that will be converted into cash within a year (such as accounts receivable), and inventory. Current assetsAmounts receivable by the business within a period of 12 months, including bank, debtors, inventory and prepayments. current assetsCurrent refers to cash and those assets that will be turned Current AssetsCash and other company assets that can be readily turned into cash within one year. cycle timethe time between the placement of an order to Date of recordDate on which holders of record in a firm's stock ledger are designated as the recipients of Day orderAn order to buy or sell stock that automatically expires if it can't be executed on the day it is entered. Days' sales in inventory ratioThe average number of days' worth of sales that is held in inventory. Days' sales outstandingAverage collection period. decentralizationa management style that exists when top Deductive reasoningThe use of general fact to provide accurate information about a specific situation. Discrete order pickingA Picking method requiring the sequential completion of Doctrine of sovereign immunityDoctrine that says a nation may not be tried in the courts of another country Domestic International Sales Corporation (DISC)A U.S. corporation that receives a tax incentive for Dynamic asset allocationAn asset allocation strategy in which the asset mix is mechanistically shifted in economic order quantityorder size that minimizes total inventory costs. Economic order quantity (EOQ)The order quantity that minimizes total inventory costs. economic order quantity (EOQ)an estimate of the number Employee stock ownership plan (ESOP)A company contributes to a trust fund that buys stock on behalf of Employee Stock Ownership Plan (ESOP)a profit-sharing compensation program in which investments are made in Employee Stock Ownership Plan (ESOP)A fund containing company stock and owned by employees, paid for by ongoing contributions by the employer. employee time sheeta source document that indicates, for each employee, what jobs were worked on during the day and for what amount of time engineering change order (ECO)a business mandate that changes the way in which a product is manufactured or a enterprise resource planning (ERP) systema packaged software program that allows a company to Enterprise resource planning systemA computer system used to manage all company Exchange of assetsAcquisition of another company by purchase of its assets in exchange for cash or stock. extraordinary gains and lossesNo pun intended, but these types of gains feasible solutiona solution to a linear programming problem Federal Employer Identification NumberA unique identification number issued Field warehousewarehouse rented by a warehouse company on another firm's premises. Field warehouseA warehouse into which service parts and finished goods are Fill or kill orderA trading order that is canceled unless executed within a designated time period. Financial assetsClaims on real assets. financial assetsClaims to the income generated by real assets. Also called securities. Financial Numbers GameThe use of creative accounting practices to alter a financial statement Firm-specific riskSee:diversifiable risk or unsystematic risk. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |