How can we prevent inventory from being reordered automatically each time the system detects a low inventory level

Q: Which files are often found in a sales order module as opposed to an account receivable (customer)…

A: The Answer

Q: What is the major advantage of using a perpetual inventory system? a. It minimizes error in posting…

A: ●6. What is the major advantage of using a perpetual inventory system? Answer Option c:It provides…

Q: 7. If there is an association between an INVENTORY class and a SUPPLIERS class, which of the…

A: Inventory: Stocks of raw materials, work-in-progress (WIP), finished goods, and spare parts and…

Q: Discuss how EDI creates an environment in which sensitive information, such as inventory amounts and…

A: Electronic Data Interchange: Electronic data interchange (EDI) is the channel between the computer…

Q: What is the major advantage of using a perpetual inventory system? a.) It provides efficient…

A: The perpetual inventory system is working on a continuous basis i.e it updates its record after each…

Q: procedure reduces record-keeping, it also reduces control over inventory items. a. None of the…

A: There are two inventory methods which are followed by the entity which are, (1) Periodical inventory…

Q: Explain the difference between the Perpetual and Periodic inventory systems and let us know why…

A: Inventory is the product that a company owns for resale in its regular course of business. It is…

Q: Discuss how the inventory process supports the production planning process and the risk to the…

A: The term inventory control process includes overseeing things from the second they are ordered all…

Q: How can we protect inventroy from being reordered automatically each time the system detects a low…

A: Low inventory level is the level at which there is a need to order new inventory so that the…

Q: Evaluate the following statement: “Without electronicpoint-of-sale terminals, it simply would not be…

A: Given statement is: Without electronic point-of-sale terminals, it simply would not be possible to…

Q: Define each of the following terms: e. Red-line method; two-bin method; computerized inventory…

A: The red line strategy could be a strategy for stock control, as is the two-bin strategy. Within the…

Q: How can we track purchases and sales when we don't know how much inventory we have until the end of…

A: Sales=Units Sold×Selling Price Purchases=Cost of Goods available for sale-Begining Value of…

Q: Describe the procedures, documents, and departments involved when insufficient inventory is…

A: When there is insufficient inventory available to fulfill a customer's approved order, then the…

Q: How do computerized purchasing systems help to reduce the risk of purchasing bottlenecks?

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Management and auditor are concerned about inventory control function in automated system? Why? How…

A: Inventory control function in automated system :                   In automated system, inventory is…

Q: A master production schedule is most likely to be useful in O identifying erroneous journal entries.…

A: Solution: A master production schedule is the prepared by company to estimate its production for the…

Q: To reduce the risk of allowing an order to proceed when goods are not available or rejecting an…

A: solution : The correct answer is Maintain accurate and timely perpetual inventory records and…

Q: Why do the inventory control and general ledger departments seem to disappear in computer-based…

A: Inventory control:   The inventory control maintains the inventory subsidiary ledger. The inventory…

Q: Explain inventory turnover? Can this be too high ever

A: Inventory turnover ratio means the time old inventory is replaced with new inventory with in a year.…

Q: What analytical procedures might reveal obsolete or slow-moving inventory?

A:

Q: The purpose of tracing a sample of inventory tags to a client’s computerized listing of inventory…

A:

Q: With a perpetual inventory system inventory shortages through lost or stolen goods can be readily…

A: In Perpetual Inventory system the stock records  are kept up-to-date, by fast recording the…

Q: Analytics of the inventory item that produces the most profit is an example of the diagnostic…

A: Analytics of the inventory item that produces the most profit is an example of the diagnostic…

Q: Are you correct that, by using LIFO, Kroger reports lower inventory and lowerprofits? Why would…

A: Perpetual and periodic inventory system: In merchandise business, there are two types of inventory…

Q: Explain the importance of inventory management system.

A: Inventory management system refers to managing and tracking inventory.

Q: Provide examples of some procedures that can avoid inventory shrinkage.

A: In the business organization when the situation of inventory lost, theft, or damage occur is known…

Q: An inventory roll-forward is a kind of inventory management. Exactly what kind of forward-looking…

A: Introduction:      It is the systematic production of new reporting periods' accounts using (rolling…

Q: Discuss how EDI dealing with sensitive information, such as inventory amounts and price data, is no…

A: Electronic Data Interchange: Electronic data interchange (EDI) is the channel between the computer…

Q: Explain how prenumbered shipping documents and sales invoicescan be useful controls for preventing…

A: Prenumbering: It refers to the process of assigning of numbers to documents which can be identified.

Q: S1: When you post an inventory transfer from warehouse 02 to warehouse 01, the system creates an…

A: Inventory: The inventory is an asset to the business. The asset is a benefit or resource that has a…

Q: orage system can use FIFO method of inventory control

A: FIFO Method: FIFO stands for , First in first out method , is an asset management and valuation…

Q: A serious exposure in the ordering process of the expenditure cycle is increased inventory costs.…

A: Inventory Cycle: The inventory cycle is the method involved with getting, arranging, and dealing…

Q: Discuss how the inventory process supports the production planning process and the risks to the…

A: Accounting Information System (AIS) is said to be the specialized subsystem of the Information…

Q: Without a computerized inventory accounting system, a perpetual inventory system would most easily…

A: Perpetual Inventory System: In Perpetual Inventory system the purchase and sale are recorded…