Each of the following items pertains to one of these companies: Bedell Electronics (a manufacturing company), Gregory Food Retailers (a merchandising company), and Larson Real Estate (a service sector company). Classify each item as either inventoriable (I)costs or period (P)costs.
Definitions:
Disbursements
Payments made by a business, often related to its operational expenses.
Financing
The process of providing funds for business activities, making purchases, or investing.
Minimum Cash Balance
The lowest amount of cash that a company or individual seeks to maintain on hand to meet immediate expenses.
Raw Material
Basic materials used in the production process, which are transformed into finished goods.
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