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Retail Inventory
Essay specific features
Written by:
Steven B
Date added:
July 23, 2015
Level:
University
Grade:
A
No of pages / words:
6 / 1434
Was viewed:
4795 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...
displayed 300 characters
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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...
displayed 300 characters
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