Explain the difference between periodic and perpetual inventory control systems. Which do you think is the better
Question:
Which do you think is the better system to use? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
A perpetual inventory system keeps an ongoing tally of purchases and sales of inventory with the inv...View the full answer
Answered By
Shameen Tahir
The following are details of my Areas of Effectiveness. The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
Business Ethics Business Ethics An introduction to business studies Organization & Management Legal Environment of Business Information Systems in Organizations Operations Management Global Business Policies Industrial Organization Business Strategy Information Management and Technology Company Structure and Organizational Management Accounting & Auditing Financial Accounting Managerial Accounting Accounting for strategy implementation Financial accounting Introduction to bookkeeping and accounting Marketing Marketing Management Professional Development Strategies Business Communications Business planning Commerce & Technology Human resource management General Management Conflict management Leadership Organizational Leadership Supply Chain Management Law Corporate Strategy Creative Writing Analytical Reading & Writing Other Expertise Risk Management Entrepreneurship Management science Organizational behavior Project management Financial Analysis, Research & Companies Valuation And any kind of Excel Queries.
4.70+
16+ Reviews
34+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Throughout most of Raymond Carver's short story "Cathedral," the narrator seems to be very judgmental and closed-off emotionally. Yet in the last page or so, some have argued that he seems to change...
-
Which do you think is more risky for a firm trying to raise capitalan underwritten offering or a best-efforts offering?
-
What is the difference between periodic and perpetual inventory?
-
(a) Let f(x)=2x+1. Use definition of the derivative to compute f'(x). (No other method will be accepted, regardless of whether you obtain the correct derivative.) (b) Find the tangent line to the...
-
Suppose that the required reserve ratio is 8%, banks hold 5% of deposits as excess reserves, and the currency-to-deposit ratio is 2. a. What is the value of the money multiplier? b. If the Fed...
-
Calculating Payment s Lewellen Products has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $620 $555 $705 $780 Sales in the year following this one are projected to be 15...
-
What kind of production environment would you expect to see if a company uses a chase strategy? What if it uses a level strategy? LO.1
-
A U-tube open at both ends is partially filled with water (Fig. P14.71a). Oil having a density of 750 kg/m3 is then poured into the right arm and forms a column L = 5.00 cm high (Fig. P14.71b) (a)...
-
Sellers Construction Company purchased a compressor for $110,100 cash. It had an estimated useful life of four years and a $8,300 salvage value. At the beginning of the third year of use, the company...
-
The Excel file Cell Phone Survey reports opinions of a sample of consumers regarding the signal strength, value for the dollar, and customer service for their cell phone carriers. Use PivotTables to...
-
Explain and give examples of the following types of inventory: a. Raw materials b. Work-in-process c. Finished goods d. Supplies
-
Regardless of the cost formula being used (FIFO, average cost, specific identification), the sum of cost of sales plus ending inventory will be the same. Explain why.
-
What are the three types of tax authority? Who issues each type?
-
Encouraging you to sit back and watch a full hour of one of your favorite shows on prime-time television. However, instead of getting up during the commercial break or fast forwarding through the...
-
A family member has been recently diagnosed with a heart condition that requires replacing a heart valve. She points out that if she goes to India, the surgery cost is about 60% cheaper on average...
-
Based on the case of Bowers Machine Parts. Critically analyze why people were not doing their best and critically explain why hiring a consultant might solve the issue. Justify your answer by using...
-
Identify a few strategies for sustainability effectiveness. Should sustainability be a corporation's top priority? Why or why not? What are the challenges associated with implementing sustainable...
-
Answer the following questions for the topic you want to write about. Type your answers in a separate Word document. What is the issue or debatable idea you might write about? What is debatable about...
-
A sole proprietorship was started on January 1, 2011, when it received \(\$ 20,000\) cash from Dan Jones, the owner. During 2011, the company earned \(\$ 14,500\) in cash revenues and paid \(\$...
-
Determine the center and radius of each circle. Sketch each circle. 4x 2 + 4y 2 9 = 16y
-
Ruhm (1996) considered the effect of beer taxes and a variety of alcohol-control policies on motor vehicle fatality rates. The data is for 48 states (excluding Alaska, Hawaii, and the District of...
-
Fouts Systems Co. offers its services to residents in the Chicago area. Selected accounts from the ledger of Fouts Systems Co. for the current fiscal year ended October 31, 2012, are as follows:...
-
Selected accounts from the ledger of Balboa Sports for the current fiscal year ended June 30, 2012, are as follows: Prepare a statement of owner's equity for theyear. Erica Kilty, CapitalE 42,000July...
-
At the balance sheet date, a business owes a mortgage note payable of $480,000, the terms of which provide for monthly payments of $2,500. Explain how the liability should be classified on the...
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
-
On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%....
-
Olds Company declares Chapter 7 bankruptcy. The following are the book values of the asset and liability accounts at that time. A bankruptcy expert estimates that administrative expense will total $...
Study smarter with the SolutionInn App