Inventory Receipts definition
Inventory Receipts means, for any period, the sum of the value, at cost, of the amount of “DC Inventory,” “Front Store Inventory” and “Pharmacy Inventory” received by Borrowers during such period, which amounts are forecasted on lines 11, 20 and 26, respectively, of the Cash Flow Forecast.
Examples of Inventory Receipts in a sentence
Duties include the following: Processing Inventory and Non Inventory Receipts into a batch for posting by AP Manager.
Ratio of Inventory Receipts to Cost of Sales Measured monthly (i) on a trailing three-month basis, the ratio of Inventory Receipts to Cost of Goods Sold shall be no less than 85% of the ratio projected in the Business Plan and (ii) the annualized twelve month average inventory turnover rate not less than 2.7 times.
Inventory Receipts shall mean the cost to the Company of all Inventory received by the Company plus freight-in.