Retail Inventory

Essay specific features

 

Issue:

Business

 

Written by:

Mildred C

 

Date added:

March 23, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1434

 

Was viewed:

4644 times

 

Rating of current essay:

 
Essay content:

Retailers use physical inventories. This process is time consuming and costly. Retailers take physical inventories once or twice a year. Many retailers use point of sale terminals that keep track of every item sold its original cost, and its final selling price. The rest of the retailers face a problem of not knowing the cost value of their inventory at one time...
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The rest of the retailers face a problem of not knowing the cost value of their inventory at one time. These retailers with either computerized or manual systems can use retail inventory method. Their are five advantages for using RIM over a system of inventory at cost. The does not have to "cost" each time...
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