inventory of goods
31Inventory turns — In business management, inventory turns often referred to as stockturn,stock turns, turns, and stock turnover. This measures the number of times invested in goods to be sold or used over in a year. mbox{Inventory Turns} = frac{Cost of Goods Sold… …
32Goods In Process — An inventory account that is usually identified on the balance sheets of manufacturing companies. Goods in process relates to the partially completed goods that are somewhere in the manufacturing process and are not ready for sale. It is… …
33inventory — I (New American Roget s College Thesaurus) n. tally, count; accounting, list; stock, goods, merchandise. See store. II (Roget s IV) n. 1. [A list] Syn. stock book, itemization, register; see catalog , file 2 , index 2 , list , record 1 , t …
34inventory — /ˈɪnvəntri / (say invuhntree), /ɪnˈvɛntəri / (say in ventuhree) noun (plural inventories) 1. a detailed descriptive list of articles, with number, quantity, and value of each. 2. a formal list of movables, as of a merchant s stock of goods. 3. a… …
35inventory — An itemized list or schedule of articles in a stock of goods or merchandise, usually including notations of values. 29A Am J Rev ed Ins § 946. The foundation of the bookkeeping required by the bookkeeping clause of a fire insurance policy… …
36inventory — n. & v. n. (pl. ies) 1 a complete list of goods in stock, house contents, etc. 2 the goods listed in this. 3 US the total of a firm s commercial assets. v.tr. ( ies, ied) 1 make an inventory of. 2 enter (goods) in an inventory. Etymology: ME f.… …
37inventory — 1. Supplies used and goods manufactured in *production processes. Inventory is normally categorized into (i) *raw materials, (ii) *work in process, and (hi) *finished goods. Under most systems of * Generally Accepted Accounting Principles,… …
38inventory — in•ven•to•ry [[t]ˈɪn vənˌtɔr i, ˌtoʊr i[/t]] n. pl. to•ries, 1) a complete listing of merchandise or stock on hand, work in progress, raw materials, etc., made each year by a business 2) the items represented on such a list, as a merchant s stock …
39goods — A category of personal property defined by Article 9 of the UCC. Sometimes called tangible goods. Further divided into consumer goods, equipment, farm products, and inventory. American Banker Glossary * * * goods goods [gʊdz] noun [plura …
40Inventory Turnover — A ratio showing how many times a company s inventory is sold and replaced over a period. the The days in the period can then be divided by the inventory turnover formula to calculate the days it takes to sell the inventory on hand or inventory… …
