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inventory |
Also found in: Medical, Legal, Financial, Wikipedia, Hutchinson | 0.06 sec. |
inventoryIn business, any item of property held in stock by a firm, including finished goods held for sale, goods in the process of production, raw materials, and items that will be consumed in the process of producing salable goods. Inventories appear on a company's balance sheet as assets. Inventory turnover, which indicates the rate at which goods are converted into cash, is a key factor in appraising a firm's financial condition. For financial statements, inventories may be priced either at cost or at market value. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In the fall of 2007, the Marings planted their landscaping business inventory in perennial gardens and a maple-lined driveway near the banquet center. If the business plan includes the buying and selling of large pieces of machinery, then the home based business inventory will require several acres of land. The business presence that is established through these types of services will be minimal at best because the business owner will be more concerned on the use of business monies to creating a business inventory and obtaining an online web address. |
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