Your opening a small toy store. Identify three decision about inventory you would need to buy in your first year of operation. What type of information, if any would you want or need to have available in you accounting information system to help you make each of those decisions?

Respuesta :

Your main focus should be towards what kind of toys kids demand or you should have proper supply or not.

There are three inventory decisions you would need to make throughout your first year of business :

1. The most crucial decision you must make is how many new toys should be bought to satisfy expected demand for the product. Sales will be lost if you order too little, and profits will be decreased if you order too much due to the low pricing offered during clearance sales.

2. The second most crucial decision you must make is to keep your toys up to dated according to kids interest.

3. The third most important decision not to move towards higher return in your first year by offering less price than M.R.P.

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