Answer:
A. reduces record keeping.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
Hence, a periodic system of inventory reduces record keeping because there's no continuous records in real-time of the amount of inventory sold or purchased by the customers.
Answer:
$1,500,000
Explanation:
When anyone donates property to a qualifying charity or educational institution (in this case the university) the donation amount is equal to the property's basis = $1,500,000.
Once the amount is determined, the taxpayer can only deduct up to 50% of his adjusted gross income for the year.
The term "Total benefit" refers to the additional advantages brought about by applying an additional unit of the managerial control variable.
The benefit paid under the Salaried Pension Plan and the Executive Plan to a Participant (or surviving spouse in the event of a Participant's death) is referred to as the Total Benefit. The annual pension amount equal to 65% of the participant's Final Average Pay multiplied by the Accrual Fraction as of the Date of Determination, payable to the participant in the Normal Form of Benefit and beginning as of the Date of Determination, is referred to as the Total Benefit. The Total Benefit, however, must always exceed the Minimum Benefit as of the Date of Determination.
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