Questions - 11 to 18 of 18
(expense) Materials and supplies.
(expense) Employee wages, salaries, commissions, etc.
(expense) Utilities, including telephones.
Who does the day-to-day financial record-keeping for your business?
Does your business use the cash method of accounting, also known as the cash basis, the accrual method of accounting, also known as the accrual basis, a hybrid of the two, or are you not really sure?
Approximately, how many days of inventory do you try to maintain on your most important items?
Is your inventory tied to a point of purchase device, such as a cash register, or some type of computer software that allows you to keep an up-to-the-minute status of your inventories?
Do you use LIFO, FIFO, another method, or are you not sure of the method used to account for your inventories?
Volume 6, Issue 4, 2006 ISSN -
William J. Dennis, Jr. NFIB Research Foundation