Answer:
D)determines the inventory on hand only at the end of the accounting period.
Explanation:
Due to the fact of <em>inflation, </em>change of prices over time, a periodic inventory system does not provide a better record over the cost of inventory because it is only determined once in the accounting period, usually at the end of it.
Meanwhile, a perpetual inventory system keeps a record showing the inventory at all time. That is every time a sale is made, cost of goods sold (cogs) is determined.
So if a business does not need to wait until the end of the accounting period to check (cogs), it is better to use a perpetual system.
Answer:
c. inventory
Explanation:
As per the business perspective, the inventory taxes should be analogous for the personal property taxes that paid by the individuals as the inventory taxes is involved in the business property tax i.e. tangible as well as personal
Therefore as per the given options, the option c is correct
And, the other options are incorrect
Answer:
Dealing in debt of less than one year.
Used by governments / corporations to keep their cash flow coming in.
Explanation:
Answer: threat of new entrants will prevent the prices from rising above the competitive level.
Explanation:
A contestable market has competition such that sellers cannot unilaterally decide to sell at a certain price. They have to sell at a competitive price that is set by the market to ensure that goods are allocated efficiently.
If the prices attempt to rise above this competitive level, new sellers will enter the market so as to make a profit which would have the effect of driving the price back down to where it was and even lower if even more sellers come in. The price is therefore maintained to ensure that this does not happen.
