One Reason for the Initial Need of Formal Schooling Was

question 85

Multiple Choice

One reason for the initial need of formal schooling was

• A)additional sources of incomes for families with many children.
• B)laws that made such schooling mandatory.
• C)the invention of new technologies that could not easily be acquired on the job.
• D)the need for children to learn to read contracts and other business documents.

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Definitions:

Accounts Receivable

Customers' financial commitments to a firm for goods or services taken, pending reimbursement.

Perpetual Inventory System

A method of accounting that instantly records inventory sales or purchases using computerized point-of-sale systems and enterprise asset management software.

Cost Of Goods Sold

The immediate expenses linked to manufacturing the products a company sells, encompassing the price of materials and the labor needed to produce the item.

Merchandise Sold

This represents the goods that have been sold and delivered to customers.