Question and answer
why are perpetual inventory systems so much more popular today than in the early 1960s and earlier? Why would a company employing a perpetual inventory system still take a physical inventory
periodically?
In business, the inventory system is how you keep track of your goods and materials. [ [ This is an essential part of your business, as good inventory management can make or break a business! If you?re not properly keeping track of your inventory, you?re not maximizing your profit. You also run the risk of running out of cash since you are paying suppliers before you get paid by customers ? in
most cases the cash conversion cycle is not in your favor.There are two main types of inventory systems, the perpetual inventory system and the periodic inventory system. The main difference between the two systems is how often inventory data is updated. We discussed the periodic system in a previous post. Today we are going to discuss the perpetual inventory system.The perpetual inventory method is one in which inventory data is updated continuously. When an order is placed or received, that data immediately is entered into the system to update the quantity and inventory availability right away. This is where the term perpetual comes from. Data is entered perpetually, or continuously, as opposed to the periodic system, where data is updated according to a set interval of time. ]
Expert answered|uxiali|Points 745|
Question
Asked 10/28/2012 3:15:22 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
17,931,893 questions answered
Popular Conversations
Manhattan Island is __________. A. the largest island in Canada B. ...
Weegy: the manhattan island is the most highly populated island in north america. letter D would be the best answer. ...
10/22/2014 8:51:05 AM| 9 Answers
what is micro
Weegy: A microorganism is a microscopic organism, which may be a single cell or multicellular organism. User: what ...
10/21/2014 7:38:45 PM| 3 Answers
Arabian glass, which authorities believe appeared in the second half ...
Weegy: Obsidian, which was used by early man to make arrowheads, is a naturally occurring glass. 'which was used by ...
10/22/2014 10:45:16 AM| 3 Answers
Solve the inequality. 2(4 + x) > 4(x + 4) A. x > 4 B. x > ...
Weegy: 2w + 3 > 14; 2w > 14 - 3; 2w > 11; w > 11/2 User: Solve the inequality. 5a + 12 6 B. a < 6 C. D.
10/21/2014 12:59:56 PM| 3 Answers
The type of life insurance often used as mortgage insurance is?
Weegy: The type of life insurance often used as mortgage insurance is: Decreasing term.
10/21/2014 1:58:43 PM| 3 Answers
Anime
10/21/2014 9:41:19 AM| 2 Answers
what are quadratic equations
Weegy: You can apply quadratic equation to cook marshmallows by following these steps: 1. Select a quadratic ...
10/21/2014 10:48:49 AM| 2 Answers
What is the solution set of 2x ^2 - 3x = 5?
10/21/2014 11:05:05 AM| 2 Answers
Simplify -(-2a + 13) + (-9a - 2) - (-7a - 3).
Weegy: -(-2a + 13) + (-9a - 2) - (-7a - 3) = (-7a - 15) - (-7a - 3) = -12
10/21/2014 11:12:50 AM| 2 Answers
Determine the solution set of (x + 1)2 = 25. {-8, 6} {-8, ...
Weegy: The answer is 77,520. There are 77,520 possible committees that can be formed.
10/21/2014 11:18:30 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2349 [Total 14724]| Ratings 0| Comments 2349| Invitations 0|Online
S
L
1
L
P
C
1
P
C
1
L
Points 1464 [Total 10945]| Ratings 3| Comments 1434| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 814 [Total 13043]| Ratings 0| Comments 814| Invitations 0|Online
S
L
Points 488 [Total 1887]| Ratings 0| Comments 488| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
1
L
L
Points 478 [Total 6272]| Ratings 3| Comments 448| Invitations 0|Online
S
Points 378 [Total 379]| Ratings 5| Comments 328| Invitations 0|Offline
S
Points 226 [Total 226]| Ratings 1| Comments 216| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.