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The peppered moth has a light and dark colour morph; the light morph was common in pre- industrial England. Increased pollution during the Industrial Revolution allowed dark morph moths to camouflage effectively against the dark, sooty background. Consequently, the dark morph became more common in industrial areas while the light morph remained common elsewhere. Recently, dark morph moths have been decreasing with reductions in pollution. Should the two morphs be considered separate species?
Retail Inventory Method
An accounting method used by retailers to estimate inventory value by converting retail prices to cost prices.
Perpetual Inventory
A system of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.
Non-Cancellable Fixed Purchase Contract
A legally binding agreement to buy a specific quantity of goods or services at predetermined prices, where the contract cannot be cancelled without a breach.
Accrued Loss
A loss that has occurred but has not yet been recorded in the accounts through the normal accounting process, often recognized through adjusting entries.
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