The Authors Make the Point That Cloud Computing Has in Many

question 27

Essay

The authors make the point that cloud computing has in many respects made life easier for business and for consumers. Discuss three negative aspects to cloud computing.

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Definitions:

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through computer systems, without the need for a physical count.

Perpetual Inventory System

An accounting technique that instantly records the sale or purchase of inventory using computerized point-of-sale systems and enterprise asset management software.

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

Ending Inventory

The worth of items ready for sale at the conclusion of an accounting cycle, determined by adding the initial inventory to acquisitions and subtracting the cost of goods sold.