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lana [24]
3 years ago
11

In a perpetual inventory system, when merchandise is returned to the supplier, cost of merchandise sold is debited as part of th

e transaction.
Business
1 answer:
kvv77 [185]3 years ago
5 0
A perpetual inventory system is an effective means of control over inventory. When a sale is made, under this system, both the sale and cost of merchandise sold are recorded. In case that merchandise is returned to the supplier, the Cost of Merchandise Sold is not debited as part of the transaction. Therefore the above statement is FALSE.

 





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The correct answer is D: May succeed when many voters are rationally ignorant.

Further Explanation:

Rent-seeking behavior can best be described a person lobbying for a particular business or person. Many times a politician is bribed to give a that business certain legislature rules/laws in favor for that company.

If logrolling is permissible, the rent seeking may be successful. Many times the this produces results that are not favorable to the public and can even be harmful. It really helps to understand the government policies when a person understands rent-seeking behavior.

Some ways a government may fail is;

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4 0
3 years ago
What do inflation rates measure?
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Answer:

C. The speed with which general prices are rising

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6 0
3 years ago
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