Which of the following is an advantage of the periodic inventory system? A. Frequent physical inventory counts
Question:
Which of the following is an advantage of the periodic inventory system?
A. Frequent physical inventory counts
B. Cost prohibitive
C. Time consuming
D. Real-time information for managers
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Step 1 When a physical inventory count is performed a periodic inventory system just updates the ...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Which of the following is an advantage often seen by a company using an SPE (special purpose entity)? Why? A) Increased liquidity B) Lower interest rates C) Avoiding consolidation D) Both A and B E)...
-
Which of the following is an advantage of analyzing big data sets using business analytics? An increased current ratio A reduced arbitrage fund An improved quality A decreased basis risk
-
Which of the following is an advantage of computer- assisted audit techniques (CAATs)? a. The CAATs programs are all written in one computer language. b. The software can be used for audits of...
-
Sulfur trioxide reacts with water to form sulfuric acid, a major contributor to acid rain. One origin of SO 3 is the combustion of sulfur, which is present in small quantities in coal, according to...
-
Explain Ronald Coases theory of why firms exist. Why isnt all production consolidated in one large firm?
-
With reference to Example 7, Chapter 8, use the range of the second sample to estimate \(\sigma\) for the resiliency modulus of recycled materials from the second location. Compare the result with...
-
Fine Furniture Ltd, which specialises in the manufacture of custom-built furniture, uses a job order costing system. On 1 March, the company had no beginning work in process inventory. During March,...
-
Michael owns a television repair shop that is insured under a commercial package policy. The policy includes the building and personal property coverage form and the causes-of-loss broad form. The...
-
Harding Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2024: (Click the icon to view account balances.) (Click the icon to view other information.)...
-
In this exercise, you modify the Chopkins Toys application from Exercise 11. Use Windows to make a copy of the Chopkins Solution folder. Rename the copy Modified Chopkins Solution. Open the Chopkins...
-
Record journal entries for the following purchase transactions of Apex Industries. Nov. 6 Nov. 10 Nov. 22 Purchased 24 computers on credit for $560 per computer. Terms of the purchase are 4/10, n/60,...
-
Review the following transactions for Dish Mart and record any required journal entries. Note that all purchase transactions are with the same supplier. Nov. 5 Nov. 9 Nov. 13 Dish Mart discovers 15...
-
A cylinder contains 0.250 mol of carbon dioxide (CO2) gas at a temperature of 27.0oC. The cylinder is provided with a frictionless piston, which maintains a constant pressure of 1.00 atm on the gas....
-
Find the cost of the monthly rent for a two-bedroom apartment in 30 years, assuming an annual inflation rate of \(10 \%\), if the current rent is \(\$ 850\).
-
A ball of inertia \(m_{b}\) is relcased from rest and falls vertically. What is the ball's final kinetic energy after a displacement \(\Delta x=x_{\mathrm{f}}-x_{i}\) ?
-
Which of the arguments made in the legal challenges to the ACA strike you as most persuasive?
-
A \(60-\mathrm{kg}\) person jumps off a chair and lands on the floor at a speed of \(1.2 \mathrm{~m} / \mathrm{s}\). Once his feet touch the floor surface, he slows down with constant acceleration by...
-
An investigator receives a sample of a short-lived isotope that was created using a cyclotron. Explain why it is not possible to tell the age of an individual nucleus, but it is possible to determine...
-
The article cited in Exercise 4 also investigated the effects of the factors on glucose consumption (in g/L). A single measurement is provided for each combination of factors (in the article, there...
-
a. What is the cost of borrowing if Amarjit borrows $28 500 and repays it over a four-year period? b. How many shares of each stock would he get if he used the $28 500 and invested equally in all...
-
Insurance agents are intermediaries who help other members of the channel by providing information and handling the selling function. Does it make sense for an insurance agent to specialize and work...
-
Discuss the Place objectives and distribution arrangements that are appropriate for the following products (indicate any special assumptions you have to make to obtain an answer): a. A postal scale...
-
Give an example of a producer that uses two or more different channels of distribution. Briefly discuss what problems this might cause.
-
Question 1: How do strategy and tactical action relate to each other in an organization? Question 2: How can you improve the implementation of strategy in this business organization?...
-
Larkin Corporation sells products for $125 each that have variable costs of $50 per unit. Larkin's annual fixed costs are $430,000. (10 points Total) a. What is Larkin's contribution margin per unit?...
-
Find the determinant of the linear transformation T(M): [3] M from the space V of 22 upper triangular matrices to V.
Study smarter with the SolutionInn App