Discuss the advantages and disadvantages of the perpetual inventory system compared with a periodic inventory system.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
The advantages and disadvantages of the perpetual inventory system relativ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
Question Posted:
Students also viewed these Accounting questions
-
Discuss the advantages and disadvantages of using the Classical Approach to hypothesis testing. Discuss the advantages and disadvantages of using the P-value approach to hypothesis testing.
-
Discuss the advantages and disadvantages of associating with remote file systems (stored on file servers) a different set of failure semantics from that associated with local file systems.
-
Discuss the advantages and disadvantages of just-intime supply relationships from an o r ganizational buyers point of view. Are the advantages and disadvantages merely reversed from the sellers point...
-
Viscosity variation and velocity gradients in a non isothermal film, water is falling down a vertical wall in a film 0.1 mm thick. The water temperature is 100C at the free liquid surface and 80C at...
-
Assume that Jill is engaged in painting as a hobby. During the year, she earns $1,000 from sales of her paintings and incurs $1,300 expenses for supplies and lessons. Jills salary from her job is...
-
Write a client of Percolation like PercolationVisualizer that does a series of experiments for a value of n taken from the command line where the site vacancy probability p increases from 0 to 1 by a...
-
Consider the mixing vessel shown in Figure 20.19. The feed stream flow rate, \(F_{1}\), and composition, \(C_{1}\), are considered to be disturbance variables. The feed is mixed with a control stream...
-
Based on Pauls and Ceils enthusiasm for prototyping and what you know about Pyramids needs, would you support construction of a prototype? Why or why not? Formulate your decision and response in a...
-
Modify the class Shape so that it implements Cloneable and Comparable interfaces. The comparison should be solely based on the area of two shapes. Use the following method header: public int...
-
1. How do information technologies contribute to the business success of Sew What? Inc.? Give several examples from the case regarding the business value of information technology that demonstrate...
-
Explain why inventory is of significance to financial statement users.
-
Explain why cost of goods sold is sometimes described as a residual amount. Under which type of inventory system would this description be more accurate?
-
Sketch, by using the dash and wedge symbolism, the H 2 NCH 2 CHO molecule, and indicate the various bond angles.
-
The text discusses some of the factors necessary for a bargaining cooperative to be effective.Read or skim the "Next Big Thing" in the Rural Cooperative magazine edition on Canvas. Which of the...
-
Please reflect on your experiences with COUN 501 microskills group. Share your experience in your microskills group related to unresolved personal issues that were triggered within the group. 2....
-
Find what you believe is an effective video/oral or oral marketing ad on the web. Provide the link as a part of this response. Utilizing concepts of marketing as context, provide your thoughts as to...
-
How do corporations make financial disclosures about the corporation at the end of the financial year? Who benefits from this disclosure? At the end of the financial year, a corporation has to make a...
-
The importance of effective management and leadership in the context of modern business practices and operations. Why are these principles and characteristics so important to the success of a...
-
Solve Prob. 89 using Castiglianos theorem. Data from Prob. 89 Use the method of virtual work and determine the vertical displacement of joint H. Each steel member has a cross-sectional area of 4.5 in...
-
The first national bank pays a 4% interest rate compound continuously. The effective annual rate paid by the bank is __________. a. 4.16% b. 4.20% c. 4.08% d. 4.12%
-
Bombardier Inc. is a Canadian manufacturer of aircraft and rail transportation equipment and systems. Exhibit 10.17 contains an excerpt from Note 42 of the companys 2020 annual report detailing...
-
Explain the ramifications if a company fails to meet its loan covenants.
-
EDC Corp. issues bonds with a face value of $300 million that mature in 14 years. The bonds carry a 4.0% interest rate and are sold at 94.848 to yield 4.5%. They pay interest semi-annually. Required...
-
You are the new controller for Moonlight Bay Resorts. The company CFO has asked you to determine the company's interest expense for the year ended December 31, 2021. Your accounting group provided...
-
How do the dynamics change in Calm Down by Selena Gomez ?
-
A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 23 units @ $13 18 units $12 22 units @ $13 On August 15, it sold 46 units. Using...
Study smarter with the SolutionInn App