Business, 01.12.2021 02:40 stonerbabyy

Hardcase Luggage Shop is a small retail establishment located in a large shopping mall. This shop has implemented the following procedures regarding inventory items: a. Because the shop carries mostly high-quality, designer luggage, all inventory items are OBJ. 1 tagged with a control device that activates an alarm if a tagged item is removed from the store.
b. Because te display ara of the store is limited, only a sample of each piece of luggage is kept on the selling floor. Whenever a customer selects a piece of luggage, the salesclerk gets the appropriate piece from the store?s stockroom. Because all salesclerk needs access to the stockroom, it is not locked. The stockroom is adjacent to the break rooms used by all mal employees.
c. Whenever the Hardcase luggage shop receives a shipment of new inventory, the items are taken directly to the stockroom. Hardcsse's accountant uses the vendor's invoice to record the amount of inventory received.
State whether each of these procedures is appropriate or inappropriate. If it is inappropriate to explain why.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 12:30

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.

Answers: 1

Answer

Business, 22.06.2019 19:10

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position

Answers: 3

Answer

Business, 23.06.2019 02:20

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)

Answers: 1

Answer

Business, 23.06.2019 22:30

James lawson has decided to run for a seat as congressman from the house of representatives, district 34, in connecticut. he views his 8-month campaign for office as a major project and wishes to create a work breakdown structure (wbs) to control the detailed scheduling. mr. lawson to develop a wbs by providing details where the blank lines appear.

Answers: 2

Answer

You know the right answer?

Hardcase Luggage Shop is a small retail establishment located in a large shopping mall. This shop ha...

Questions