Describe the Costs Associated with Ordering and Maintaining Inventory

question 96

Essay

Describe the costs associated with ordering and maintaining inventory.

---

Definitions:

Paid-In Capital in Excess of Par

The amount of capital received from investors for stock, in excess of the par value of the shares.

Common Stock

A type of equity ownership in a corporation, with voting rights and potential dividends, representing a share in the company's profits and losses.

Date of Declaration

The date on which a company’s board of directors announces the distribution of a dividend or other important decision.

Date of Record

The specific date set by a corporation’s board of directors after which the shareholders on record will be entitled to receive dividends or stock rights.