If a customer happens to pass the account must be shut down. Nothing can be done until found appropriate by someone showing proper documents which would then transfer the account into the name of an executor. The documents can be a death certificate, the will, or inheritance tax waivers
Answer:
First of all, Switzerland has one of the most open and free market economies in the world, while the US government says that our economy is open but compared to other capitalistic countries, the American economy is a very closed one.
The effects of any change in monetary policy will be more significant in a small open economy like Switzerland since foreign trade is very important to them.
An increase in the money supply will depreciate the currency of a country, and any effect on the exchange rate will affect more an open economy.
I would define economies of skill as the characteristics of marketing process in which an increase in the skill of the team causes a decrease in long run average cost per order dollar (COPD).
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A credit to cash, a debit to sales returns and allowances, a credit to inventory, and a debit to cost of goods sold are all recorded.
Perpetual inventory, commonly referred to as continuous inventory, is an inventory management system that uses software to automatically and constantly record each stock movement (such as purchases, returns, consumptions, and write-offs), keeping the system current at all times.
This contrasts with the need to manually update the system on a regular basis when utilizing spreadsheets or paper-and-pencil alternatives.
Barcodes, POS systems, radio frequency identification, and real-time reporting are used by perpetual inventory systems like MRP, ERP, or WMS software to track inventory movements and build a virtual trail of each transaction occurring in the physical inventory. This makes it possible to perform extremely accurate real-time inventory accounting, giving the business a current cost of goods sold at all times.
To learn more about perpetual inventory system from given link
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