When we talk about inventory, there are two systems that can be used to track our purchases and sales the Perpetual Inventory System and the Periodic Inventory System Please post your answers to the two questions below What is it about the Perpetual Inventory System that makes it more popular than the Periodic Inventory System Why would a business owner choose to use one over the other What are the pros and cons of each system Please explain the difference between FOB Shipping Point and FOB Destination Point and the effect either one has on inventory purchases and sales

The Answer is in the image, click to view ...

Question: When we talk about inventory, there are two systems that can be used to track our purchases and sales: the Perpetual Inventory System and the

When we talk about inventory, there are two systems that can be used to track our purchases and sales: the Perpetual Inventory System and the Periodic Inventory System. Please post your answers to the two questions below.

What is it about the Perpetual Inventory System that makes it more popular than the Periodic Inventory System? Why would a business owner choose to use one over the other? What are the pros and cons of each system?
Please explain the difference between FOB Shipping Point and FOB Destination Point and the effect either one has on inventory purchases and sales.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

talk about inventory, there are two systems that can be used to track our purchases and sales: the Perpetual Inventory System and the Periodic Inventory System. Please post your answers to the two...

talk about inventory, there are two systems that can be used to track our purchases and sales: the Perpetual Inventory System and the Periodic Inventory System . Please post your answers to the two...

When we talk about inventory, there are two systems that can be used to track our purchases and sales: the Perpetual Inventory System and the Periodic Inventory System . Please post your answers to...

List steps in the operating cycles for a service company and a merchandising company. Service company Merchandising Company Merchandising transactions are separated into two categories: 2. Purchase...

Needing ANSWERS ASAP! Starting at pg 34 - Labeled Graded Project 06155200: Graded Project Instructions & Worksheets 1 Lesson 1: Business, Accounting, and You PROJECT GOAL The goal of this graded...

need help plz with accouting answering these 8 questions pls Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: There are...

PLEASE HELP ME 1 Cost of us sold in the primary once between merchanding and 16 NAME SECTION True ore business in me COM PROFESSOR 2 Date and credite beginning, merchant om liminates the beginnentory...

need help plz with accounting on all these 6 questions Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: There are 10 units of the item in...

0. Which of the following statements is TRUE: A. Under the periodic inventory system, purchases of inventory would be debited to the Merchandise Inventory account. B. Using the periodic inventory...

13 Perpetual Inventory Using Weighted Average Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 Inventory 320 units at $10 Sale 180 units Purchase 360 units at $12 Sale 300...

All Derfs are Enajs. One-third of all Enajs are Derfs. Half of all Sivads are Enajs. One Sivad is a Derf. Eight Sivads are Enajs. The number of Enajs is 90. How many Enajs are neither Derf nor Sivad?

Sales for the year totaled $600,000. The company president believes the company carries excess inventory. She would like the inventory turnover ratio to be 8 and would use the freed up cash to reduce...

Which of the following is not a benefit of Amazon Redshift? Group of answer choices It is a cost - effective data warehousing solution It is a NoSQL database that supports document - oriented data It...

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

1. To what extent do you think the organisations mentioned here would benefit from using the Health and Safety Executives stress management standards as a part of their stress policies?

describe the Health and Safety Executives approach to stress management.

3. Do you think that measures of health, safety and wellbeing should be included as a part of the balanced scorecard approach in organisations?