What are two advantages and disadvantages of the periodic inventory system?
Question:
What are two advantages and disadvantages of the periodic inventory system?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
The two advantages of the periodic inventory system is ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
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
-
Discuss the advantages and disadvantages of the periodic inventory system compared with the perpetual inventory system.
-
What are some advantages and disadvantages of the profit/profitability numeric models?
-
What are the advantages and disadvantages of the residual policy? (Hint: Dont neglect signaling and clientele effects.)
-
Identify each process as endothermic or exothermic and indicate the sign of H. (a) Sweat evaporating from skin (b) Water freezing in a freezer (c) Wood burning in a fire
-
What roles do signaling and screening play in a labor market with asymmetric information?
-
What are the most common marketing channels for consumer products? For industrial products?
-
In what ways did the social-person and human relations approach influence management?
-
Refer to Problem 7.25 for Stebbins Corporation for Year 1, its first year of operations. Exhibit 7.39 shows the amounts for the Canadian subsidiary for Year 2. The average exchange rate during Year 2...
-
Using a company's WACC to evaluate a project is . I) always correct II) always incorrect III) correct for projects that have average risk compared to the firm's other assets A. I only B. II only C....
-
You have recently become the CFO for Beta Manufacturing, a small cap company that produces auto parts. As you step into your new position, you have decided to compile a report that details all...
-
Which of the following is not a reason for the physical inventory count to differ from what is recognized on the companys books? A. Mismanagement B. Shrinkage C. Damage D. Sale of services to...
-
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,...
-
Some people say an advantage of HTN planning is that it can solve problems like take a round trip from Los Angeles to New York and back that are hard to express in non-HTN notations because the start...
-
Using perturbation theory, derive the following expression for the matrix element pertinent to radiationless relaxation. How does this result compare to the vibronic coupling responsible for...
-
Among the naturally occurring minerals of Al are diaspore (-AlO(OH)), boehmite (-AlO(OH)) and gibbsite (-Al(OH) 3 ). At low pH, reactions with H + give rise to water-soluble [Al(OH 2 ) 6 ] 3+ ,...
-
(a) Comment why, in Fig. 13.1, the data are presented on a logarithmic scale. What are the relative abundances of Al (Fig. 13.1) and Mg (Fig. 12.2) in the Earths crust? (b) Show that the changes in...
-
Plot a graph to show the variation in values of IE 1 , IE 2 and IE 3 for the group 13 elements (Table 13.1), and plot a similar graph to show the variation in values of IE 1 and IE 2 for the group 2...
-
Figure 1.18 shows the emission spectrum of sodium. Low-pressure sodium street lamps depend upon this bright yellow emission from sodium atoms excited by an electrical discharge. Figure 1.18 shows a...
-
On 1 January 2003, SPJ had an opening balance of $5000 on its tax account, which represented the balance on the account after settling its tax liability for the previous year. This balance arose from...
-
1-Stern observed all of the following results EXCEPT _______ in his experiment. A-one of the recombinant phenotypes was associated with an X chromosome of normal length B-the number of car, B+ male...
-
AgriChem, Inc., has introduced an innovative new producta combination fertilizer, weed killer, and insecticide that makes it much easier for soybean farmers to produce a profitable crop. The product...
-
Review the Dell case at the beginning of the chapter and then discuss the compet i tive advantages that Barnes & Noble would have over a small bookshop. What advantages does a small bookshop have?
-
Give two examples of service firms that work with other channel specialists to sell their products to final consumers. What marketing functions is the specialist providing in each case?
-
Michael is 47 years old and lives in toronto, Ontario with his wife emma. They have one daughter. Michael was forced into early retirement due to a workplace accident. Emma is a homemaker and she has...
-
7.The following cash flow diagram has two IRRs. has. Identify the two TRIs. Anne Flux de tresorerie 0 -500 1 600 2 300 3 300 4 200 5 -1,000 8. You are currently 55 years old and plan to retire at 65....
-
Assignment Task: As a junior equity analyst, you are assisting the fund manager to analyse the share price performance of listed companies and factors affecting the performance. Select a company...
Study smarter with the SolutionInn App