Beruflich Dokumente
Kultur Dokumente
Management of
Short-term
Investments
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Accounts Receivable
Management
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Accounts Receivable
Master title
Management
style
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Click to SELECTION
CREDIT edit MasterAND
titleSTANDARDS
style
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Click toScoring
Credit edit Master title style
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Click toTerms
Credit edit Master title style
• The terms of sale for customers who have been extended credit by
the firm.
• Cash Discount - a percentage deduction from the purchase price; available
to the credit customer who pays its account within a specified time.
• Cash Discount Period - the number of days after the beginning of the credit
period during which the cash discount is available.
• Credit Period - the number of days after the beginning of the credit period
until full payment of the account is due.
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Credit edit Master title style
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Aging ofedit
Accounts
Master
Receivable
title style
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Short-term Financing
Sources
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Inventory Management
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Inventory Management
Master title style
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COMMON TECHNIQUES
Master title
FOR
style
MANAGING INVENTORY
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Economic Order
Master
Quantity
title style
(EOQ) Model
• Inventory management technique for determining an item’s optimal order size,
which is the size that minimizes the total of its order costs and carrying costs.
• Order Costs - The fixed clerical costs of placing and receiving an inventory
order.
• Carrying Costs - The variable costs per unit of holding an item in inventory for
a specific period of time.
• The firm’s total cost of inventory is found by summing the order cost and the
carrying cost.
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Economic Order
Master
Quantity
title style
(EOQ) Formula
Order cost = O x (S ÷ Q)
Carrying cost = C x (Q ÷ 2)
Total cost = [O x (S ÷ Q)] + [C x (Q ÷ 2)]
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• Just-in-Time (JIT) System - Inventory management technique that
minimizes inventory investment by having materials arrive at exactly
the time they are needed for production.
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Thank You
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Thank You
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