When the periodic inventory system is used,a physical inventory does not need to be taken at the end of the fiscal year.
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Q10: Taking a physical inventory refers to making
Q11: Computerization has helped to make taking physical
Q12: Liquidity management involves planning a business's cash
Q13: When a U.S.company does business with a
Q14: A company would be more likely to
Q17: Under the periodic inventory system,cost of goods
Q18: A large discount chain,like Wal-Mart or Target,most
Q19: The periodic inventory system provides an up-to-date
Q20: A retail operation would still have to
Q36: Profitability means having enough cash on hand
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