It seems one can’t escape a plethora of passwords, personal identification numbers (PINs), codes and numbers just to function in today’s world. This wouldn’t be so difficult if it was only one special code to remember, but relying on a limited number of codes and passwords is increasingly dangerous as more and more important financial […]
Archives for November 2004
Inventory Valuation Methods: Cost and Retail Inventory Methods
Prior to the early part of the last century, when Professor McNair at NYU developed the Retail Inventory Method (RIM), the only method of evaluating the cost of inventory on hand was the Direct Cost Method (DCM). The DCM involved marking the actual invoice cost of each item in code on the item price tag. […]