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.
17,099,090 questions answered
Popular Conversations
How many solutions does the equation |3x + 7| = –4 ...
Weegy: |2x + 1| > 5 2x + 1 > 5 or 2x + 1 4 or 2x 2 or x User: Which value of x is in the solution set of 2|x – 3| < ...
8/20/2014 4:10:36 PM| 3 Answers
In what way was Marxism different from the socialism advocated by ...
Weegy: Owens and Fourier thought that the capitalist system would bring about revolution. User: Laissez-faire ...
8/20/2014 8:26:45 PM| 3 Answers
Express as ordinary numbers. 8.97 x 10-3 0.0897 0.00897 8,970
Weegy: 68.047
8/20/2014 6:40:43 AM| 2 Answers
Evaluate -4|-4|.
8/20/2014 11:05:19 AM| 2 Answers
What is cartography?
Weegy: Cartography is the study and practice of making maps. User: What is hegemony?
8/20/2014 11:48:44 AM| 2 Answers
One of the major techniques of parody is incongruity, or ...
Weegy: One of the major techniques of parody is incongruity, or __b. pairings that don't belong together ... According ...
8/20/2014 1:45:45 PM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 1804 [Total 23404]| Ratings 2| Comments 1784| Invitations 0|Offline
S
L
1
L
Points 1401 [Total 5377]| Ratings 5| Comments 1351| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 1271 [Total 14885]| Ratings 7| Comments 1201| Invitations 0|Offline
S
L
1
1
1
1
L
1
Points 1235 [Total 8942]| Ratings 2| Comments 1215| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1061 [Total 16088]| Ratings 2| Comments 1041| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 840 [Total 18411]| Ratings 0| Comments 840| Invitations 0|Offline
S
1
L
L
Points 437 [Total 5001]| Ratings 0| Comments 437| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 383 [Total 11044]| Ratings 1| Comments 373| Invitations 0|Offline
S
Points 246 [Total 246]| Ratings 1| Comments 226| Invitations 1|Offline
S
Points 217 [Total 228]| Ratings 3| Comments 157| Invitations 3|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.