TREE UTILIZATION AND PRODUCTS
WOOD PROPERTIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the advantages of stock forms of materials?
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They are available in a range of sizes
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They are available in a range of shapes
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Prices are kept high
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It is easy to store them
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Prices are kept low
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Explanation:
Detailed explanation-1: -The base stock method is a valuation technique for the inventory asset, where the minimum amount of inventory needed to maintain operations is recorded at its acquisition cost, while the LIFO method is applied to all additional inventory. This approach is not acceptable under generally accepted accounting principles.
Detailed explanation-2: -too little stock means lost income in the form of lost sales, while also undermining customer confidence in your ability to supply the products at time of purchase. the wrong stock means lost income in the form of lost sales, write-offs and poor customer service.
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