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The management at Sad Clown Pajamas,an Internet-based wholesaler,is considering a new inventory control system.The current system is inadequate because it results in stockouts that interrupt production and excess stocks of some materials that result in markdowns and high carrying costs.The new system,which will focus on forecasting demand for Sad Clown's products,will employ
Debit
The left side of an account.
Cash
Money in the form of coins or banknotes, especially that held by an organization or individual.
Current Ratio
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year with its current assets.
Account Receivable
Money owed to a business by its clients or customers for goods or services delivered or used on credit but not yet paid for.
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