Answer:
FALSE
Explanation.
Periodic inventory is a practice of inventory count that takes stock every week or month while 'continuous inventory' constantly tracks inventory levels mostly through a computerized method so that stock levels. are always known.
It is not very correct that the continuous review system is used to manage inventory associated with independent demand, while the periodic review system is used to manage inventory associated with dependent demand because most often, it is the nature of inventory that determines the method to be used and not the type of demand
Continuous inventory keeps a constant track of quantities; and is more appropriate for small unit items that could be too numerous for physical count because they are bought in large quantities. e.g. supermarkets
Periodic inventory has to be done with big items that are not too numerous like automobiles, televisions, houses and sets of furniture.
Answer:
The right solution is "$900".
Explanation:
- GDP seems to be the cash value of all finished goods products as well as services produced in something like a single year throughout a region. The farmer develops wheat here though and markets these for $200 to such a miller.
- The miller transforms the wheat into flour which offers something for $500 to something like a baker. After that, the final good becomes bread.
Thus, the GDP seems to be $900.
The answer is $275,000 this is because this is the last accepted offer on the land. All others are appraisals or offers but not the recorded value of the land.
