Describe the difference(s) between the periodic and the perpetual inventory accounting systems.
What will be an ideal response?
Under a perpetual system each purchase, purchase return and allowance, purchase discount, and cost for transportation-in is recorded in the merchandise inventory account. Under a periodic system, a separate temporary account is set up for each of these items. Because inventory is updated for each purchase and sale of merchandise, the perpetual inventory system yields more timely information for managers to better monitor and control inventory costs and levels.
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As a characteristic of innovation, ________ refers to whether a product can be tried and used on a limited basis or in smaller quantities without great expense
A) divisibility B) complexity C) communicability D) compatibility
Answer the following statements true (T) or false (F)
1) Paid-in capital and retained earnings are internally generated equity. 2) The corporate charter identifies the maximum number of shares of stock the corporation may issue, which is called 'available for issue' stock. 3) The issue price is the price the stock initially sells for the first time it is sold. 4) Usually, the issue price exceeds par value because par value is normally set as a percentage of the issue price of the stock. 5) An underwriter usually assumes some of the risk of issuing stock by agreeing to buy all of the stock the firm cannot sell to its clients.
What are the dangers of self-disclosure?
What will be an ideal response?
Companies that adopt the global model tend to base their global competitive strategy on
A) local tastes. B) decentralized structures. C) local politics. D) traditional practices. E) cost considerations.