TABLE 5.1 Use the Table to Answer the Following Question(s)

question 57

Multiple Choice

TABLE 5.1
Use the table to answer the following question(s) .

-Refer to Table 5.1. Cross rates

• A) are often reported in the form of a matrix in the financial newspapers.
• B) can be used to check on opportunities for intermarket arbitrage.
• C) for the spot market in the table are "188.10" (using the mid rates).
• D) are all of the above.

---

Definitions:

Perpetual System

An inventory management method where inventory quantities and cost of goods sold are updated continuously with each sale or purchase.

Periodic System

A method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals to determine the ending inventory balance and the cost of goods sold.

Merchandise Inventory

Goods or products that a retail or wholesale company holds for the purpose of selling them to customers.

Goods On Consignment

Merchandise that is sent to a retailer by the vendor to be sold but remains the property of the vendor until sold.