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If ,Then

question 40

Multiple Choice

If If ,then A) the magnitude of is always greater than the magnitude of and the magnitude of . B) the magnitude of is always less than the magnitude of and the magnitude of . C) the direction of is always equal to either the direction of or the direction of . D) the direction of is always exactly half way between the direction of and the direction of . E) None are correct. ,then

Definitions:

Periodic Inventory System

An inventory system where the inventory count is updated and cost of goods sold is calculated at specific intervals, not continuously.

Purchase Returns and Allowances

Concessions granted by sellers to buyers, involving the return of goods or issuance of allowances for unsatisfactory products or services.

Purchase Discounts

Reductions in the price of goods that a buyer is entitled to for early payment or volume purchases.

Freight-In

Costs associated with bringing inventory to a business location, typically included in the inventory cost.