A ________ inventory system will always give updated balances for ________.
A. perpetual; Goods Available for Sale
B. periodic; Inventory
C. periodic; Cost of Goods Sold
D. perpetual; Cost of Goods Sold
Answer: D
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Below is a histogram for the number of days that it took Wyche Accounting to perform audits in the last quarter of last year. What is the relative frequency of the 21-24 bin?
?
?
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