Tag: inventory
Tangible Personal Property
What is 'Tangible Personal Property' Tangible personal property is a tax term describing personal property that can be physically relocated, such as...
Tangible Asset
What is a tangible asset
A tangible asset is an asset with a physical form. Tangible assets include both fixed assets, such as buildings and...
Dealer Financing
What is 'Dealer Financing' Loans that are originated by a retailer to its customers and are then sold to a bank or...
Days To Cover
What is 'Days To Cover' Days to cover is a measurement of a company's issued shares that are currently shorted, expressed as...
Raw Materials
DefinitionA raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished...
Manufacturing Resource Planning (MRP II)
What is 'Manufacturing Resource Planning - MRP II' Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing...
Backorder Costs
What is 'Backorder Costs' A cost incurred by a business when it is unable to fill an order and must complete it...
Quick Ratio
DefinitionIn finance, the acid-test or quick ratio or liquidity ratio measures the ability of a company to use its near cash or quick assets...
Last In, First Out (LIFO)
What is Last In, First Out (LIFO)?
LIFO is an inventory accounting method in which the most recently acquired items are the first ones to...
Lead Time
What is lead time and why is it important
In the business world, lead time is the amount of time that elapses between the start...