Galaxies are the biggest groups of stars and can contain anywhere from a few million stars to many billions of stars. Every star that is visible in the night sky is part of the Milky Way Galaxy. To the naked eye the closest major galaxy â the Andromeda Galaxy, shown in Figure below â looks like only a dim, fuzzy spot.alaxies are the biggest groups of stars and can contain anywhere from a few million stars to many billions of stars. Every star that is visible in the night sky is part of the Milky Way Galaxy. To the naked eye the closest major galaxy â the Andromeda Galaxy, shown in Figure below â looks like only a dim, fuzzy spot.
The value of excess and obsolete inventory. One of the issues that can affect the valuation of a distribution business is the amount of inventory on hand that is classified as excess and obsolete. This could also affect the viability of an acquisition that you may be considering to take your business to the next level.
Retail Accounting vs. Cost Accounting. Inventory management is an important aspect of every retail business. To maximize profits, companies need the right amount of inventory items at all times. Inventory count determines both inventory shortages and the amount of inventory on hand at any time. In accounting, a business must establish the cost basis of this inventory. Cost accounting is a more conservative inventory valuation method that values inventory based on its cost. Retail accounting, on the other hand, values inventory based on items' retail price.