Which of the following statements regarding periodic versus perpetual inventory systems is true?
A) Periodic inventory systems provide a superior means of determining optimal times to reorder merchandise.
B) Periodic inventory systems require a greater investment in technology to implement them.
C) Perpetual inventory systems may assist in determining inventory lost due to shrinkage.
D) Periodic inventory systems allow sales personnel to provide more immediate information regarding availability of inventory.
Correct Answer:
Verified
Q43: The perpetual inventory method of tracking inventory
Q49: Under the periodic inventory system:
A)inventory records are
Q55: In order to calculate shrinkage:
A)both periodic and
Q62: On June 15,Oakley Inc.sells merchandise on account
Q67: If a company returns an item to
Q78: A company sells goods on account at
Q80: Companies using a perpetual inventory system:
A) ever
Q83: Your store buys ice cream at a
Q84: The gross profit (margin) equation is:
A) (Sales
Q95: When goods are sold to a customer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents