Search results
Results from the WOW.Com Content Network
Mass per unit area kg⋅m −2: L −2 M: intensive Capacitance: C: Stored charge per unit electric potential farad (F = C/V) L −2 M −1 T 4 I 2: scalar Catalytic activity concentration: Change in reaction rate due to presence of a catalyst per unit volume of the system kat⋅m −3: L −3 T −1 N: intensive Chemical potential: μ: Energy ...
FIFO treats the first unit that arrived in inventory as the first one sold. LIFO considers the last unit arriving in inventory as the first one sold. Which method an accountant selects can have a significant effect on net income and book value and, in turn, on taxation. Using LIFO accounting for inventory, a company generally reports lower net ...
In inventory management, a stock keeping unit (abbreviated as SKU, pronounced es-kay-YOO or SKEW [1]) is the unit of measure in which the stocks of a material are managed.It is a distinct type of item for sale, [2] purchase, or tracking in inventory, [3] such as a product or service, and all attributes associated with the item type that distinguish it from other item types (for a product ...
Absolute value – In mathematics, the absolute value or modulus |x| of a real number x is the non-negative value of x without regard to its sign. Namely, |x| = x for a positive x, |x| = −x for a negative x (in which case −x is positive), and |0| = 0. For example, the absolute value of 3 is 3, and the absolute value of −3 is also 3.
This is sometimes called independent demand, or Level "0" on BOM (bill of materials). How much is required at a time. When the quantities are required to meet demand. Shelf life of stored materials. Inventory status records. Records of net materials available for use already in stock (on hand) and materials on order from suppliers. Bills of ...
Two very popular methods are 1)- retail inventory method, and 2)- gross profit (or gross margin) method. The retail inventory method uses a cost to retail price ratio. The physical inventory is valued at retail, and it is multiplied by the cost ratio (or percentage) to determine the estimated cost of the ending inventory.
Thrust is a reaction force described quantitatively by Newton's third law. When a system expels or accelerates mass in one direction, the accelerated mass will cause a force of equal magnitude but opposite direction to be applied to that system. [2] The force applied on a surface in a direction perpendicular or normal to
The ABC analysis suggests that inventories of an organization are not of equal value. [2] Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance. 'A' items are very important for an organization. Because of the high value of these items, frequent value analysis is required.