One of the Following Statements About Multiple Inventory Locations Is

question 32

Multiple Choice

One of the following statements about multiple inventory locations is incorrect -

• A)you can set up more than two inventory locations
• B)inventory locations are selected from drop-down lists in journals
• C)you can enter different default selling prices for items at different locations in the ledger records
• D)entering inventory locations for transactions will update item quantities in the ledger records

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Definitions:

Domestic Price

The price of a good or service within a country's borders.

Domestic Consumption

The total amount of goods and services consumed within a country's borders.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The disparity between the minimum amount producers are prepared to take for a product or service and the higher amount they end up getting.