205k views
2 votes
PLS Help.. I need the answer really quickly

(This is my younger brothers Homework)

Explain why we need to store raw materials for future?

User Champe
by
7.7k points

1 Answer

6 votes

Answer:

Inventory is considered one of the most important assets for a company. This is because inventory is indirectly a significant revenue source. On a balance sheet, the value of inventory is labeled as a current asset until the product is distributed and moved to cost of goods sold. Storing your packaging and raw materials is a priority for protection reasons but also for efficiency reasons. It is even more important if the company is international.

Step-by-step explanation:

u store raw materials so they don't rot, mold, etc.

User Eric Le Fort
by
8.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.