What is a military surplus?
Military surplus are goods, usually matériel, that are sold or otherwise disposed of when no longer needed by the military. Entrepreneurs often buy these goods and resell them at surplus stores.
What does current stock mean?
Current Stock means all stock outstanding on the close of business on the last Business Day prior to the Conversion Date.
What kind of goods does the military sell?
Usually the goods sold by the military are clothing, equipment, and tools of a nature that is generally useful to the civilian population, as well as embroidered patches, name tags, and other items that can be used for a faux military uniform. Occasionally, vehicles (jeeps, trucks, etc.) will be sold as well.
Are military surplus backpacks a good choice?
Certain items, such as backpacks, are a great military surplus choice because they are an essential aspect of most military kits, and have therefore benefited from years and years of research and development. Plus, military surplus is almost always cheaper than branded alternatives. However, it’s not completely without its drawbacks either.
Examples of Current Stock in a sentence
Any such accumulated fractional amount remaining as of the effective date of any termination of a Current Stock Election or of the termination of the Plan shall be paid to the Director in cash on the next succeeding date on which Director Fees would have been payable to the Director under the Current Stock Election.
Related to Current Stock
Parent Stock means the common stock, par value $0.01 per share, of Parent.
What are military surplus items?
Military surplus are goods, usually matériel, that are sold or otherwise disposed of when no longer needed by the military. Entrepreneurs often buy these goods and resell them at surplus stores. Usually the goods sold by the military are clothing, equipment, and tools of a nature that is generally useful to the civilian population, as well as embroidered patches, name tags, and other items that can be used for a faux military uniform. Occasionally, vehicles (jeeps, trucks, etc.) will be sold as well. Some military surplus dealers also sell military surplus firearms, spare parts, and ammunition alongside surplus uniforms and equipment.
When did the army surplus start?
The history of army surplus in the United States dates back to the American Civil War. This was the first large American war that required proper military uniforms for many troops. In earlier wars, most troops were basically a militia wearing whatever they had with them.
Who operated Bannerman's surplus?
After the war, to recoup some money they sold the supplies in stores. Thus the military surplus store was born. In the 1870s Francis Bannerman VI operated "Bannerman's surplus". His surplus company was one of the largest ever to operate.
What is military grade?
The goods may be used, or not. Some merchants of surplus goods also sell goods that are privately manufactured in military standards. Most items that are sold in military surplus stores in the United States are deemed "military grade". This designation refers to meeting a relevant United States Military Standard.
Atlanco
This is surplus inert Grenade, which is also known as Practice or Dummy Grenade. The shape and dimension of the grenade is the same as the real grenade and it is the exact copy of the USGI grenade. The fuse type is the blue M228.
Product Description
This is surplus inert Grenade, which is also known as Practice or Dummy Grenade. The shape and dimension of the grenade is the same as the real grenade and it is the exact copy of the USGI grenade. The fuse type is the blue M228.
What are current assets?
Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.
What are some examples of current assets?
Common examples of current assets include: Cash and cash equivalents , which might consist of cash accounts, money markets, and certificates of deposit (CDs). Marketable securities , such as equity (stocks) or debt securities (bonds) that are listed on exchanges and can be sold through a broker.
How much is Walmart's current assets?
Leading retailer Walmart Inc.'s ( WMT) total current assets for the fiscal year ending January 2019 is the total of the summation of cash ($7.72 billion), total accounts receivable ($6.28 billion), inventory ($44.27 billion), and other current assets ($3.62 billion), which amount to $61.89 billion. 1
Why are current assets important?
Current assets are important to businesses because they can be used to fund day-to-day business operations and to pay for ongoing operating expenses. Since the term is reported as a dollar value of all the assets and resources that can be easily converted to cash in a short period, it also represents a company’s liquid assets .
Which is more conservative, current or cash ratio?
While the cash ratio is the most conservative ratio as it takes only cash and cash equivalents into consideration, the current ratio is the most accommodating and includes a wide variety of components for consideration as current assets.
Is inventory considered current assets?
Inventory—which represents raw materials, components, and finished products—is included as current assets, but the consideration for this item may need some careful thought. Different accounting methods can be used to inflate inventory, and, at times, it may not be as liquid as other current assets depending on the product and the industry sector.
Is prepaid expense considered current?
Prepaid expenses —which represent advance payments made by a company for goods and services to be received in the future—are considered current assets. Although they cannot be converted into cash, they are the payments already made. Such components free up the capital for other uses.
What happens when a company overstocks?
When a company holds excess inventory, it may incur extra storage costs. The cost of utilities, maintenance, and warehouse space can go up significantly if a company routinely overstocks. These unneeded costs can go up significantly if a product requires special maintenance or treatment, like needing to be stored at a particular temperature.
Why is my stock understocking?
To correct any supply issues for your company, you should first know what causes overstocking and understocking in the first place: 1. Inaccurate Data. One of the primary reasons for under- or overstocking is a lack of solid data.
What is overstocking in inventory management?
In the inventory management world, overstocking goes by a few different names, such as excess stock, excess inventory and stock surplus. Regardless of the terminology you employ, overstocking refers to a company over-ordering inventory and having too much stock. In contrast, understocking is when a company does not have enough inventory ...
What are the problems with understocking?
The following are some of the biggest problems that understocking creates: 1 Missed sales: One of the worst effects of understocking is having to turn away customers because you no longer have an item available. Without proper stocking, you can’t provide potential customers with the items they wish to purchase. As a result, a customer will be forced to go elsewhere, and you may lose their business completely. 2 Paying more for inventory: When you buy early, typically you’ll receive more favorable prices for your inventory. As more companies get in on whatever items you’re selling, the price is going to go up. 3 Loss of discounts: Buying in bulk will often net you the best price. When you buy bulk finished products, raw materials, and parts, you typically get a much better price. When you have to reorder a smaller batch of items to make up for your understocking, the items will most likely end up costing more. 4 Shaken customer loyalty: When you don’t have enough inventory for customers, you will have to turn them away. By not having enough inventory, the customer will lose confidence in your company’s ability to meet their needs. 5 Higher shipping costs: If you’re constantly placing orders to keep up with your inventory, you’ll have to pay more in shipping and processing costs. You can avoid the shipping and processing costs by not understocking, and buying an appropriate amount for your customers in the first place.
What happens when you understock?
When you understock, you open yourself to several negative effects. From missing sales to losing out on discounts and shaking the loyalty of your customers, understocking can harm your company. Before you take steps to minimize understocks, you first need to know the negative effects understocking creates.
What happens when you buy bulk?
Loss of discounts: Buying in bulk will often net you the best price. When you buy bulk finished products, raw materials, and parts, you typically get a much better price. When you have to reorder a smaller batch of items to make up for your understocking, the items will most likely end up costing more.
What happens when a company purchases too much inventory?
When a company purchases too much inventory, it may tie up its funds in the costs of purchasing the excess inventory. Overbuying can make it difficult for a company to put its capital towards marketing, research, and development or other useful areas. High inventory levels will simply sit in a storeroom, not generating value for a company like a quality marketing effort or a new product would.