Ans: D) All of these answers are correct
A characteristic of a perpetual inventory method is
A) it keeps continual track of inventory.
B) it records units on hand at the beginning of the period.
C) it records units sold immediately.
D) All of these answers are correct
Business
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If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays March 12, then the amount paid to the seller would be
a. $3,136 b. $3,150 c. $3,168 d. $3,200
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Alternative procedures to the confirmation of receivables include review of subsequent collections and examination of supporting evidence
a. True b. False Indicate whether the statement is true or false
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Bridging relationships
A. have high levels of trust. B. create a high level of solidarity amongst its members. C. bring together groups that may otherwise be unconnected. D. have people in the network willing to 'go the extra mile.'
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Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area A 3,500 Area B 4,750 Area C 4,250 Unit sales price $20 The number of units expected to be manufactured in April is:
A) 11,500 B) 10,000 C) 12,500 D) 13,500
Business