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At the End of Each Day, Walmart Sends Product Orders

question 135

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At the end of each day, Walmart sends product orders to its warehouses. These requests are filled immediately and products can be on store shelves as early as the next morning. What is this an example of?

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Definitions:

Fiscal Year

A one-year period that companies and governments use for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories.

Book Of Final Entry

Book that receives information about business transactions from a book of original entry (a journal). Example: a ledger.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to ensure that total debits equal total credits.

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