What is the major difference between a periodic and perpetual inventory system? under the periodic inventory system, all adjustments such as purchases returns and allowances and discounts are reconciled at the end of the month. under the periodic inventory system, no journal entry is recorded at the time of the sale of inventory for the cost of the inventory. under the periodic inventory system, the purchase of inventory will be debited to the purchases account. all of these answers are correct.

Write two goals for yourself that will aid you in pursuing your post-secondary education or training. with this

Witch is an example of a non durable good?

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.