_____ Is the Implementation Method Where the Old System Is

question 65

Multiple Choice

_____ is the implementation method where the old system is shut down and the new system is turned on at an agreed upon date.

• A) Direct Cutover
• B) Parallel
• C) Phased
• D) All of these
• E) None of these

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Definitions:

Cost To Retail Ratio

A method used in retail to calculate inventory value by comparing the cost of goods to their retail price.

Ending Inventory

Ending inventory is the value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.

Gross Profit Method

An accounting technique used to estimate inventory levels and cost of goods sold by utilizing the gross profit margin.

Net Sales

The total revenue from sales minus returns, allowances for damaged or missing goods, and discounts.