Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: 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?
A: 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.
26,642,433 questions answered
Popular Conversations
Suppose the U.S. can produce cars for a lower opportunity cost than ...
Weegy: Suppose the U.S. can produce cars for a lower opportunity cost than Japan while Japan has a comparative ...
2/13/2018 7:30:37 PM| 4 Answers
Simplify and solve this equation for q: 3q + 5 + 2q – 5 = 65. ...
Weegy: 3q + 5 + 2q - 5 = 65 User: Solve the following inequality: 38 4 B. x 28 Weegy: 38 User: Use an ...
2/19/2018 12:26:32 AM| 3 Answers
What's the simplified form of 2x + 3 x + 5? A. x 8 B. ...
Weegy: (2x^2)(3x^2) = 6x4 User: Simplify this expression: 13 + (–12) – (–5) = ? A. –6 B. 6 C. –30 ...
2/12/2018 11:53:02 PM| 3 Answers
Solve this equation: 80 = 3y + 2y + 4 + 1. A. y = 1/5 B. ...
Weegy: 80 = 3y + 2y + 4 + 1 80 = 5y + 5 80 - 5 = 5y -5y = -75 y = 15 User: Solve the inequality: 12p + 7 > 139 ...
2/14/2018 2:20:46 PM| 3 Answers
Solve the equation: 12y = 132. A. y = 11 B. y = 144 ...
Weegy: 12y = 132 User: Solve this equation: 2s + s + 12 = 132. A. s = 40 B. s = –30 C. s = 9 D. ...
2/14/2018 2:32:47 PM| 3 Answers
Weegy Stuff
S
L
Points 344 [Total 347] Ratings 10 Comments 214 Invitations 3 Online
S
Points 89 [Total 89] Ratings 0 Comments 19 Invitations 7 Offline
S
P
L
P
P
Points 51 [Total 244] Ratings 0 Comments 51 Invitations 0 Offline
S
P
Points 41 [Total 85] Ratings 1 Comments 31 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 38 [Total 12649] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
P
Points 13 [Total 30] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 11] Ratings 1 Comments 0 Invitations 0 Online
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.