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skad [1K]
3 years ago
15

A periodic review system is __________. a. a term used to indicate the amount of demand b. to be met under conditions of demand

and supply uncertainty business conditions that force companies to hold inventory c. an inventory system that is used to manage independent demand inventory d. extra inventory that a company holds to protect itself against uncertainties in either demand or replenishment time
Business
1 answer:
vladimir2022 [97]3 years ago
3 0

Answer:

The correct answer is letter "C": an inventory system that is used to manage independent demand inventory.

Explanation:

A Periodic Review System is used to keep track of the inventory of a firm after determined periods. Review intervals are set by the company in an attempt to find out the amount of stock needed to fulfill consumers' orders or to reach the company's Target Inventory (TI). This inventory system is used to handle independent demand inventory.

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Consider the recorded transactions below.
AnnZ [28]

Answer:

1. T-accounts:

Accounts                           Debit        Credit

Accounts Receivable

Balance                           $4,200

Service Revenue              8,400

Cash                                                 10,200

Accounts                           Debit        Credit

Service Revenue

Accounts Receivable                         8,400

Accounts                           Debit        Credit

Supplies

Balance                              $400

Accounts Payable            2,300

Balance c/d                                       $2,700

Accounts                           Debit        Credit

Accounts Payable

Balance                                            $3,500

Supplies                                             2,300

Cash                                $3,700

Balance c/d                      $2,100

Accounts                           Debit        Credit

Cash Account

Balance                           $3,400

Accounts Receivable      10,200

Advertising                                       $1,000

Accounts Payable                              3,700

Deferred Revenue            1,100

Balance c/d                                    $10,000

Accounts                           Debit        Credit

Advertising Expense

Cash                                  1,000

Accounts                           Debit        Credit

Accounts Payable

Cash                                3,700

Accounts                           Debit        Credit

Deferred Revenue

Balance                                             $300

Cash                                                   1,100

Balance c/d                      $1,400

Explanation:

a) Data:

General Entries:

Accounts                           Debit        Credit

1. Accounts Receivable   8,400

Service Revenue                                  8,400

2. Supplies                      2,300

Accounts Payable                                2,300

3. Cash                           10,200

Accounts Receivable                         10,200

4. Advertising Expense   1,000

Cash                                                     1,000

5. Accounts Payable      3,700

Cash                                                    3,700

6. Cash                            1,100

Deferred Revenue                              1,100

b) The beginning balance of each account before the transactions is:

Cash, $3,400

Accounts Receivable, $4,200

Supplies, $400

Accounts Payable, $3,500

Deferred Revenue, $300

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3 years ago
Francis has the standard plan offered by his employer and is making an office visit to an in network Dr. to treat flu like sympt
Vinvika [58]

30

Explanation:

with insurance from the emploryer the shot should atleast cost 30 of hand and the rest would be paid of 70 %

6 0
4 years ago
An increase in ROE would imply an increase in shareholder wealth. Based on your understanding of the uses and limitations of ROE
Sonja [21]

Answer:

The correct answer is the second option: A high ROE and low risk.  

Explanation:

To begin with, the concept of <em>"Return of Equity"</em> or ROE refers to a measure used in the field of business that mainly focus in the relationship between the profits and the equity of the company and therefore that it shows how profitable the company is regarding the amount of its equity. Moreover, this measure  focus on the amount of dollars that the company gains regading the amount of equity that the company uses. Therefore that a rational investor is likely to prefer an investment option that has a high ROE and low risk at the time of taking the decision.

6 0
4 years ago
The purpose of applying for a patent is to protect the company's right to
Marizza181 [45]
The purpose of applying for a patent is to protect the company's right to have the idea for yourself and not have people knock it off.
6 0
4 years ago
Describe the factors that determine the amount you ultimately pay for borrowing money. How is it possible to reduce the amount y
Gnesinka [82]
It is by interest. You can reduce the amount you pay, by paying more. You can either go ahead and pay it all off, or pay extra when it is time to make a payment.
5 0
3 years ago
Read 2 more answers
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