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If a Merchandiser Uses the Periodic Inventory System,it Is Necessary

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If a merchandiser uses the periodic inventory system,it is necessary to conduct a physical count of inventory to determine the quantity of inventory on hand.


Definitions:

Expected Rate

A predicted rate of return or outcome based on certain assumptions or historical data.

Standard Deviation

A statistical measure of the dispersion or spread of a set of values, indicating how much the values differ from the mean.

Zero Standard Deviation

A statistical measure indicating that all values within a data set are identical; there is no variability.

Average Temperature

The mean value of temperature taken over a specified period of time.

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