Tutorial:Business Academy Topic: Stock in trade Prepared by:Ing. Marcela Zlatníková Projekt Anglicky v odborných předmětech, CZ.1.07/1.3.09/04.0002 je spolufinancován Evropským sociálním fondem a státním rozpočtem České republiky.
Is material goods which have not been used for intended purpose so far Represent short-term tied-up capital Consistently change their form They are consumed at a one time basis or they are gained from the appropriate activities In the company they balance time inconsistency among purchase, production and sale, and they make possible for these activities to happen economically.
Material stock (enters the company and it is used there Stock of unfinished production and semi-finished goods of own production (has been created on the premises and will be further processed there) Stock of products (has been produced on the premises and will be sold) Stock of goods (enters the company and will be sold)
These are natural substances which underwent processing and are intended for one-time consumption Each company usually needs more types of material According to activity which the material on the premises serves to, we distinguish: 1/ basic material and raw materials – at production enter the product and form its basis 2/ auxiliary and working material – do not create the basis of the product, only contribute to the utility property of the product (dyes, stains, buttons
3/ spare parts – serve to machine repairs 4/ minor tangible assets – company does not consider it for DM, it serves to repeated use (tools, products, desks, chairs)
Unfinished production – are products, which have undergone one or several manufacturing processes, they are no longer material, but are not finished products yet Semi-finished goods of own production – are products with completed integrated part of manufacturing process, they may exist and be purchased separately Products – are articles, which have undergone all the manufacturing phases as well as final technical inspection, so they may be subject of sale
Are all possessions, which the company purchases to be sold The company sells them to its consumers unchanged Goods can also be own products, if they are sold in own shops
1/ Determine costs of purchased material: negotiated price CZK 31 000,--, costs on its transportation are CZK 2 500,--, premium at transportation is CZK 110,-- 2/The company deals with sewing suits. It uses textiles, grease, buttons, threads, scissors, fixturing for cuts, spares to sewing machines
Biňovec, K. Přehled učiva k maturitní zkoušce z ekonomiky. Fortuna, 2004. ISBN 80- 7168-747-2. Švarcová Jena, ing a kolektiv, Ekonomie, stručný přehled. Ing. Jena Švarcová, Ph.D., CEED nakladatelství a vydavatelství, 2006. ISBN 80-903433-3-3. Klínský Petr, Munch Otto, Ekonomika pro obchodní akademie a ostatní střední školy 1- 4. Fortuna, 2003, ISBN 80-7168-862-2.
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