Tag: inventory

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...

What is 'Tangible Personal Property' Tangible personal property is a tax term describing personal property that can be physically relocated, such as...

What is 'Dealer Financing' Loans that are originated by a retailer to its customers and are then sold to a bank or...

What is 'Days To Cover' Days to cover is a measurement of a company's issued shares that are currently shorted, expressed as...

DefinitionA raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished...

What is 'Manufacturing Resource Planning - MRP II' Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing...

What is 'Backorder Costs' A cost incurred by a business when it is unable to fill an order and must complete it...

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...

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...

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...