1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VARVARA [1.3K]
3 years ago
7

The primary difference between a periodic and perpetual inventory system is that a periodic systemA)keeps a record showing the i

nventory on hand at all time.B)provides better control over inventories.C)records the cost of the sale on the date the sale is made.D)determines the inventory on hand only at the end of the accounting period.
Business
1 answer:
pishuonlain [190]3 years ago
5 0

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.

You might be interested in
An aging of Bicycle Company's accounts receivable indicates that $20,000 is estimated to be uncollectible. If Allowance for Doub
V125BC [204]

Answer:

The adjustment to record bad debts for the period will be:

Debit Bad debt expense ($20,000 - $3,000)                    $17,000

Credit Allowance for doubtful accounts                            $17,000

<em>(Bad debt expense required)</em>

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

4 0
3 years ago
Suppose two companies attempt to merge, and they operate in an industry where the postmerger Herfindahl-Hirschman index is 2,900
Allushta [10]

Answer:

Option B -  There are significant diseconomies of scope is the correct answer.

Explanation:

Option  A is, not a condition that could improve the probability that the justice department would approve the merger.

The Herfindahl-Hirschman index is based on a restricted definition of the product market or the impact of foreign competition, the merger might be allowed.

It might also be permitted if one of the firms is in financial trouble, or if significant economies of scale exist in the industry.

Significant diseconomies of scope would only serve to make the merger less likely to be accepted.

Therefore, option B is the correct answer.

6 0
3 years ago
Read 2 more answers
what is the total amount of final goods and service produced in a country that people, businesses, governments, and foreigners p
Bas_tet [7]

The total amount of final goods and service produced in a country that people, businesses, governments, and foreigners plan to buy is Gross domestic product (GDP).

<h3>What is Gross domestic product (GDP)?</h3>
  • GDP is a metric for a country's economic output. GDP is a measure of the overall economic output of new products and services in a particular year.
  • The circular flow diagram can be used to illustrate GDP as a flow of income moving in one direction and expenditures on resources, products, and services moving in the opposite way.
  • According to this model, households purchase goods and services from businesses, and vice versa.
  • The circular flow figure shows how the national income calculation methods of using income and expenditures are equivalent.
  • Money (revenue from the sale of the commodities, services, and resources) travels counterclockwise in this picture while goods, services, and resources go clockwise.

Learn more about the Gross domestic product (GDP) with the help of the given link:

brainly.com/question/15682765

#SPJ4

5 0
1 year ago
You want to go the Six Flags amusement park. The ticket price to enter and enjoy the rides in Six Flags is $65. You live in Rich
Lyrx [107]

Answer:

Results are below.

Explanation:

<u>The opportunity cost is the amount of money that you won't earn when choosing one option over another. </u>In this case, one option makes you expend money and the other earn money.

Opportunity cost= 12*4 + 25

Opportunity cost= $73

<u>Now, the total cost incorporated what you will expend in Six Flags:</u>

Total cost= 65 + 40 + 73

Total cost= $178

4 0
3 years ago
A good rule of thumb is to limit consumer credit payments to ____________ percent of your net monthly income.
frutty [35]
<span>A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.</span>
6 0
3 years ago
Other questions:
  • Danielle has asked some closed-ended questions to start an interview; then some open-ended questions. Now she wants to really wa
    5·1 answer
  • How did collis p huntington spend his money business wise?
    10·1 answer
  • A work center uses kanban containers that hold 200 parts. To produce enough parts to fill a container, 60 minutes of setup plus
    13·1 answer
  • Fair use allows individuals to break copyright so long as they ________.
    5·1 answer
  • Park Corporation is preparing a bid for a special order that would require 720 liters of material SUN100. The company already ha
    14·1 answer
  • Which of the following statements is true about financial planning?
    7·2 answers
  • Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7%, $100 par preferred stock o
    5·1 answer
  • The entry of women into the workforce since the 1960s resulted in: A.A shift outward in the production possibilities curve of th
    7·1 answer
  • quantum mechanics shop sells a bicycle to reniel, a costumer who uses a local card(a national credit card, but not issued by an
    13·1 answer
  • "Justin Company currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The company
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!