Companies Using a Perpetual Inventory System

question 79

Multiple Choice

Companies using a perpetual inventory system:

• A)never physically count their inventory.
• B)must physically count their inventory at least once a week.
• C)still need to count the physical inventory occasionally.
• D)always know the actual amount in inventory from their accounting records.

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Definitions:

Earth's Weather

The state of the atmosphere at a given time and place, including elements like temperature, humidity, precipitation, and wind.

Troposphere

The lowest layer of Earth's atmosphere, extending from the surface to about 8 to 15 kilometers high, where weather phenomena occur.

Ozone Layer

A stratospheric layer of ozone molecules that protects life on Earth by absorbing the majority of the sun's harmful ultraviolet radiation.

Troposphere

The lowest layer of Earth's atmosphere where weather occurs and where most aviation takes place.