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Inventory

• Product or goods available for sale, work in the manufacturing process and raw material that will be used to manufacture products

• For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by FIFO, LIFO or other techniques. The lower value of alternatives is usually used to preclude overstating earnings and assets. For security firms: securities bought and held by a broker or dealer for resale.

• Is the firm s position with the intent of quick resell or repurchase. Can refer to the open positions taken in the course of market making activities. This is opposed the Investment Account.

 
 Embedded terms in definition
 Assets
Broker
Dealer
Earnings
Fifo
Firm
Held
Investment account
Lifo
Market value
Market
Open position
Position
Sale
Securities
Security
Will
 
 Referenced Terms
 Abc inventory system: Inventory management technique that divides inventory into three groups A, B and C - in descending order of importance and level of monitoring, on the basis of the dollar investment in each.

 Activity ratios: Used to measure the effectiveness of managing accounts receivable, Inventory, accounts payable, fixed assets, and total assets.

 Asset: Any possession that has value in an exchange.(1) Anything that an individual or a corporation owns that has economic value to its owner. Examples of an asset are cash, accounts receivable, Inventory, real estate, and securities. (2) A Balance Sheet item expressing what a corporation owns.

 Assets: A firm's productive resources.Everything of monetary value owned by the business including cash, accounts receivable, Inventory, equipment, buildings and land.Refer to properties owned or are due to a person or organization. Assets are typically viewed in three categories. These three classifications are: Current, Fixed or Long-term, and Intangible.

 Average age of inventory: Measures the effectiveness of the company's management of Inventory; it is the average length of time inventory is held by the company.

 
 Related Terms
 Abc inventory system
Average age of inventory
Blanket inventory lien
Days' sales in inventory ratio
Finished goods inventory
Floating inventory lien
Inventory loan
Inventory turnover
Inventory turnover ratio
Just in time inventory systems
Raw materials inventory
Total cost of inventory
Trust receipt inventory loan
Work in process inventory

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