...Chapter 1 1.1 Introduction Sales inventory systems are often standardised i.e. A business will adopt a general model for their own use. This means that they are able to track sales of a product and match it against their existing inventory to regulate how much stock they keep to hand and how much it costs them to do so. Obviously this is necessary for any business in order to run efficiently. Sales and Inventory Control is an inventory tracking system that gives you up-to-the-minute detailed information on each item in your inventory. You'll know exactly how much inventory comes in, how much is on-hand now, and where it goes. While manual methods may have their place, most entrepreneurs these days find that computerizing gives them a far wider range of information with far less effort. Sales and inventory programs now on the market let you track usage, monitor changes in unit costs, calculate when you need to reorder, and analyze inventory levels on an item-by-item basis. Indeed, automation process or electronic-based operations have invaded every work place. It is being employed into operational activities to be able to simplify all related activities and operations. Every business owner wants to know which product sells the most, which customer’s or client’s buys frequently, how much inventory is on hand, and what method is preferred by customer when paying and how much did they actually sell on a particular day. The sales and Inventory system is software that manages...
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...Rica A. Hernandez BSCS 2101 Start Microsoft Visual Basic 6.0 (VB6) The New Project dialog box will appear. If it doesn't go up to the menu bar and select File -> New Project In the New Project dialog select Standard EXE, and click the Open Button. This will bring up your new Project 1 application with Form1 visible. Already Visual Basic has done a lot for us. As you can see this tutorial isn't very long but already you have a full working application. You can see your new program in action by going up to the menu bar and selecting Run -> Start (Or simply press the F5 key). You should see the Form1 window appear: This is a fully functional application. You can move it around, minimize and maximize it, and close it down. For you to do this same thing in C++ - the original language most of Windows was written in you would have written hundreds of lines of code. You area already getting to see some of the extreme power VB gives you. Now lets continue with the tutorial. Lets make this program say hello! On the left side of the screen you can see the toolbox (if this doesn't show up go to the top menu bar and select View -> Toolbox). In this toolbox you will see a picture of a button. Double click the button icon and it will create a Command1 CommandButton in the center of your form. If you run the program now (Press F5) you will see your window now has a button labeled Command1 in the center of it, but if you click the button it doesn't do anything...
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...MARGIN Left : 1.5” Top : 1” Right : 1” Bottom : 1” PAGE NUMBER Position : Upper right Font : Arial Font size : 12 Roman numerals Position : Bottom, Center Font : Arial Font size : 12 * Do not display the page number of the page with major title SPACING • All the contents of the paragraph should be in double space • Put 4 single spaces after the major title • Put 2 single spaces after the subtitle FONT AND FONT SIZE Font : Arial Font Size : 12 MAJOR TITLE • Uppercase • Bold SUB TITLE • Title Case • Bold A NARRATIVE REPORT ON STUDENT’S ON-THE-JOB TRAINING EXPERIENCES In Partial Fulfilment of the Requirements for the Degree in Bachelor of Science in Computer Technology The Narrative Report on student’s On-The-Job Training experiences here attached, prepared and submitted by Patricia Marie S. Dumali in partial fulfilment of the course requirements in Bachelor of Science in Computer Science is hereby approved with the grade of ____________. _____________________ On-The-Job Training Coordinator Date _____________________ Head, Information and Communication Technology Date and Business Management Department _____________________ Campus Dean Date ...
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...operations. Every business owner wants to know which product sells the most, which customer(s) or client(s) buys frequently, how much inventory is on hand, and what method is preferred by customer when paying and how much did they actually sell on a particular day. The sales and Inventory system issoftware that manages incoming and outgoing stocks, sales, quotations and inventory report etc. The system features point of sales, tracking of employees’ payables and other company’s features. The automation process has also extended more in various companies since expansion of transactions in every company’s branches have been maximizing too. This has been the concern of the study to initiate something beneficial to a company. The study intends to develop a sales and inventory system for the company of Dwinar Computer Center. The purpose of having Sales and Inventory System is to process the tracking inventory products as well as the sales transactions. This support updating information for all items, monitoring inventory depletion and importing and exporting inventory information to form and from external system of records. It does almost every work which is related to an automatic sales and inventory via sales transactions and it is automatically directly to an inventory products. It generates reports in a particular given situation. The Sales and Inventory System is developed as per seeing the increasing requirement to speed up the work and incorporate a new work culture. Thus new...
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...Champ’s Sales and Inventory System A Project Presented to the Faculty of College St Michael’s College Iligan City In partial fulfillment of the Requirements For Software Engineering By: Albritz B. Centural March 2016 Chapter 1 THE PROBLEM AND ITS SETTING 1.1 Introduction Nowadays all establishment are becoming modernized, they use modern technologies to make their transaction fast, easy, and accurate in order to avoid waste of time and for the sake of safety and security. It also helps human to solve and understand complex problem and analysis such us the computational need of humans. Especially to business establishment or corporation processing enormous data and complex transaction. The system is designed for the enhancement of the current Champs sales and inventory system. It includes the features that can add products, Stock reports, Inventory and the Sales of the store. With this, the researcher wants to propose Champ’s Convinience store sales and inventory System. With the proposed system the Store will have a system capable of there Sales and inventory of their products. 1.2 Statement of the Problem This study seeks to give essential solution to the following problems: * 1.3 Objective of the Study The objectives of the study are the following: 1) 1.4 Scope and limitations of the Study Scope Limitation * Only the admin can add the products. 1.5 Significance of the Study Employees. This study can...
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...SYSTEM SELECTION Proper heating and cooling system selection takes into consideration fuel sources (e.g., natural gas and electricity), distribution mechanisms (e.g., air and hydronic), equipment options (e.g., furnace and heat pump), and equipment efficiency. Perform a life-cycle analysis of various properly sized HVAC options to select a cost-effective system. Cost considerations include equipment and installation prices, annual heating and cooling expenses, and maintenance costs. Although more difficult to evaluate, equipment reliability, longevity, warranty coverage, and safety are also important. For example, the heating fuel source directly impacts operating costs. Also, high-efficiency heating equipment often costs more than standard-efficiency models, but it costs less to run. So the life-cycle cost—rather than initial purchase price—may make high-efficiency equipment or one fuel rather than another the economical choice. Some HVAC contractors and local utilities provide life-cycle analysis of various equipment options. A summary of many easy-to-use software products for estimating annual heating and cooling costs is compiled by DOE’s BTS (www.eren.doe.gov/buildings) WHY SIZING IS IMPORTANT A common mistake in the heating, ventilation, and air conditioning (HVAC) industry is to oversize heating and cooling equipment, especially air conditioners and heat pumps. Bigger does not always mean better. Overcapacity equipment has a higher initial...
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...CRITICAL ANALYSIS ON POETRY I. TITLE: A POISON TREE II. AUTHROR: William Blake III. BRIEF BACKGROUND OF THE AUTHOR Born November 28, 1757 – London, England Died August 12, 1827 - London, England • Early years – Began his artistic career at 10 years old when his father sent him to the best drawing school in England – Apprenticed to an engraver at 14 • Adult life – Always worked as an engraver and professional artist – Was very poor, especially later in life – Always felt rich in spirit IV. FIGURATIVE LANGUAGE A Poison Tree BY WILLIAM BLAKE I was angry with my friend; I told my wrath, my wrath did end. I was angry with my foe: I told it not, my wrath did grow. And I watered it in fears, Night & morning with my tears: And I sunned it with smiles, And with soft deceitful wiles. HYPERBOLE And it grew both day and night. Till it bore an apple bright. And my foe beheld it shine, And he knew that it was mine. PERSONIFICATION HYPERBOLE/Symbolizes Sin/Wrath And into my garden stole, When the night had veiled the pole; In the morning glad I see; My foe outstretched beneath the tree. V. Symbolizes of Innocence Symbolizes Anger Symbolizes Experience PERSONIFICATION Allusion of Garden of Eden PERSONIFICATION METAPHOR METAPHOR MESSAGE STANZA 1: I was angry with my friend; I told my wrath, my wrath did end. I was angry with my foe: I told it not, my wrath did grow As stated in the first line, the persona said that if he is mad to his friend he will tell it and he will...
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...reliable results. Today, many businesses are engaging to automated systems, its manual setup can be applied automatically through computer. By using a computer, a business can perform its transaction in a less amount of time. Having a way to organize transactions by the use of automated system is an asset. Especially when you apply the automation to the most commonly used transaction, Sales and Inventory System. Inventory is a list of goods and raw materials that is needed for the everyday production of a business which is held available in stock. Updating the records of the stocks in a business plays an important part for the organization of business functions. Manual application of transaction can bring interruption, thus, the Automated Sales and Inventory System is considered as the best solution to this problem. A business owner can franchise more than one line of franchise, Mrs. Teresa has a group of franchised business which she named, R and E food station. Her business started last February 2014 and successfully opened 2 branches in 3 months. Since then, they record their daily sales and inventory manually by the use of record book and Microsoft excel. It starts from counting and checking their previous available stocks individually, computer for the total used stocks, record it in a record book and update the whole record in Microsoft excel. It takes a lot of time and the possibility for human errors is always present which could result to inaccurate information. The researchers...
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...for the Choice of the Study: The proponents chose to generate an Automated Sales and Inventory System Utilizing Barcode Technology for the *name of company Whey King* to set their time and effort at ease as this system will be able to eliminate the hassle of entering data manually. With the help of the barcode technology, the proponents aim to eliminate the possibility of human error with the companies’ processes. The occurrence of manually entered information should become lesser with the use of the proposed system. A barcode scan is swift and consistent, and takes lesser time than the manual entry of data. The Proposed system will also be able to save employee’s training time for it only takes a few minutes to be familiarized with the handheld scanner. Furthermore, the system ought to make the employee training less expensive since they do not have to be paid extra for spending hours on training, and another employee does not have to be compensated for training them. Importance of the Study: The Proponents believe that the company will be able to operate more efficiently when all of its processes are conducted in a consistent and accurate manner whether it is done manually or automatically. The proposed system does not only provide accurate report but also provides a breeze on preparation of financial statements for the company. It gives an excellent summary of the company’s expenses, sales, losses and profits that are essential in reporting taxes and other tracking...
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...Horton, Inc. suffered an inventory loss due to a flood. The following information is available to you. Beginning inventory $100,000 Net purchase 400,000 Sales 400,000 Inventory salvaged from flood 50,000 Instructions Use the gross profit method for estimating inventory to determine the loss due to the flood, assuming (a) gross profit is 25% of sales, and (b) gross profit is 25% of the cost of goods sold. (a) Ending inventory = Beginning inventory + purchases - cost of goods sold Cost of goods sold = Sales X (1- gross profit rate) = 400,000 X (1-0.25) = 300,000 Ending inventory = 100,000+400,000-300,000 = 200,000 Inventory salvaged from flood = 50,000 Loss due to flood = 200,000-50,000 = $150,000 (b) Gross profit = 25% of cost of goods sold =20% on sales (1-1/.25) Cost of goods sold = Sales X (1- gross profit rate) = 400,000 X (1-0.20) = 320,000 Ending inventory = 100,000+400,000-320,000 = 180,000 Inventory salvaged from flood = 50,000 Loss due to flood = 180,000-50,000 = $130,000 |Part 2 Retail Inventory Method The records of Greene Company report the following data for the | |month of April. | | | |Sales $204,000 Purchases (at cost) $ 96,000 | |Sales returns 4,000 Purchases (at sales price) 176,000 ...
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...practice which contributes to the sale of products to a retail consumer. at a retail in-store level, merchandising refers to the variety of products available for sale and the display of those products in such a way that it stimulates interest and entices customers to make a purchase. Business that sell a product are called merchandiser. The operating cycle of merchandiser: it begins when the company purchases inventory from a vendor and the company sells the inventory to the customer. Finally the company collects cash from customers. Objectives of merchandising operations Account for the sale of inventory Use sales and gross profit to evaluate a company Adjust and close the accounts of a merchandising business Prepare a merchandiser’s financial statements Use gross profit percentage and inventory turnover to evaluate a business Accounting inventory Merchandising companies use several accounts that service companies do not use. The balance sheet includes an additional current asset called merchandise inventory, or simply inventory, which records the cost of merchandise held for resale. On balance sheets, the inventory account usually appears just below accounts receivable because inventory is less liquid than accounts receivable. Merchandising companies also have several specific income statement accounts designed to provide detailed information about revenues and expenses associated with salable merchandise. Recording sales Sales invoices are source documents that...
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...CHAPTER 6- Cost of Goods Sold and Inventory CHAPTER OUTLINE Nature of Inventory and cost of goods sold Inventory represents products Held for resale and is classified as a current asset on the balance sheet. When companies sell their inventory to customers, the cost of the inventory becomes an expense called cost of goods sold. Cost of goods sold, cost of sales, or cost of merchandise sold, represents the outflow of resources caused by the sale of inventory and is the most important expense on the income statement of companies that sell goods instead of services. Sales Revenue (Cost of Goods Sold) Gross Margin Gross margin indicates the extent to which the resources generated by sales can be used to pay operating expense (selling and administrative expenses) and provide for net income. Cost of inventory has a direct effect on cost of goods sold and gross margin. Companies that sell inventory Merchandisers - Companies that purchase inventory in a finished condition and hold it for resale without further processing. Inventory held by merchandisers is termed merchandise inventory which is an asset. When that asset is sold to a customer, it becomes an expense called cost of goods sold which appears on the income statement. Manufacturers - Companies that buy and transform raw materials into a finished product which is then sold. Manufacturing companies classify inventory into three categories: raw materials, work-in-process, and finished goods. This class will...
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...accounting for merchandising operations -- those that sell products. The products held for sale are called inventory, or more specifically, merchandise inventory. Inventory is a current asset that will be sold to yield a profit--and the adage "buy low, sell high" is a succinct way to state a merchandiser's profit strategy. In addition to introducing a new asset, we also introduces a new cost category, and a new name for the revenue account. The cost is called Cost of Merchandise Sold (also called Cost of Goods Sold by some companies), and represents the cost of the inventory that was sold during the period. If John purchases 100 units of product for $5 each and sells 20 of them for $10 each, John earns $200 of sales revenue. The cost of the units sold is 20 * $5 = $100, and would be the Cost of Goods Sold. The difference between the revenue earned and the cost of merchandise sold is called gross profit. Here is a very basic income statement that computes the gross profit: John's Products | | Partial Income Statement | | For Month Ended 1/31/2013 | | | | Sales (20 units * $10) | $200 | Cost of Merchandise Sold (20 units * $5) | $100 | Gross Profit | $100 | Expenses | 0 | Net Income | $100 | Note that 20 units of product were sold for $10 each. The ones that were sold cost $5 each, resulting in gross profit of $100. The balance sheet for John's Products will show an Inventory account, which is located in the current assets, after Cash and Accounts Receivable...
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...Review of Related Literatures and Studies Computerized sales and inventory systems help manage products and ensure that transactions are completed correctly. These tools track products and provide ongoing inventory controls that reduce shrinkage. Use of these resources makes retail activities much easier and efficient. Using computerized sales and inventory systems allows for much greater accuracy in stocking and product management. They encourage ease of interaction between employees and shoppers as transactions are processed and items move from the business to the consumer. Computerized sales help provide better insight into which products are most popular. It also allows for enhanced marketing, stocking and oversight of critical sales objectives. Computerized sales and inventory systems save time for businesses by speeding up transactions while raising accuracy. This allows for confidence in accounting and accountability among employees as it is easy to verify how much money is in a till and what time transactions took place. They also allow for consistent experiences in terms of customer service. People know there is always a uniform interaction at the register that requires tendering payment, taking a receipt and transition of ownership of products and services. This generates confidence in a business and ensures ongoing consumer relationships. Computerized systems are the most common method of inventory control and sales processing in retail markets. Description of the...
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...$3,000 Inventory $3,000 Cash $3,000 Sept. 5 – Gain cash by 2,500 and decrease in inventory Cash $2,500 Inventory $2,500 Cost of Sales $1,000 Inventory $1,000 Sept. 9 – Gain cash by 1,200 and give 5 percent commission on sales by to randy Cash $1,200 Inventory $1,200 Cost of Sales $600 Inventory $600 Sept. 16 – Gain Cash by $15,750 Cash $15,750 Inventory $15,750 Cost of Sales $8,000 Inventory $8,000 Sept. 22 – decrease cash by 3,250 for display cabinet Furniture & fixtures $3,250 Cash $3,250 Sept. 27 – Increase cash by 5,500 Cash $5,500 Inventory $5,500 Cost of Sales $2,000 Inventory $2,000 Sept. 28 – received deposit worth $200 Cash $200 Accrued sales $200 Sept 29 – Decrease cash by $1,010 General expense $810 Cash $810 Furniture and Fixtures $200 Dep. Expense $200 Sept 30 – Pat wrote a check to randy for the month of September for his commision NO ENTRY FOR THE MONTH OF OCTOBER Oct 2 – Increase cash by $6,500 Cash $6,500 Inventory $6,500 Cost of sales $3,000 Inventory $3,000 Oct. 5 – Decrease cash by $11,700 Inventory $11,700 Cash $11,700 Oct. 8 – Gain cash by $1620 Cash $750 Inventory $750 Cash $870 Inventory $870 Cost of Sales $300 Inventory $300 Cost of Sales $400 Inventory $400 Oct 12 – Gain cash by $1200 Cash $1,200 Inventory $1,200 Cost of Sales $500 ...
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