Please answer with reasonWhich of the following statements concerning formal and less-formal nonperpetual unitcontrol systems is true?a. Both formal and less-formal nonperpetual unit control systems enablethe retailer to determine overages and shortages.b. The possibility of immediate delivery of goods is more essential for aless-formal system than for a formal system.c. The formal system requires that the retailer has a planned model stock whereless-formal systems do not.d. The formal system is a book inventory system whereas less-formal systemsare not.e. Formal systems are maintained on a retail basis whereas less-formalsystems are maintained on a cost basis.

Please answer with reason Which of the following statements concerning formal and less-formal nonperpetual unit control systems is true? a. Both formal and less-formal nonperpetual unit control systems enable the retailer to determine overages and shortages. b. The possibility of immediate delivery of goods is more essential for a ess-formal system than for a formal system. c. The formal system requires that the retailer has a planned model stock where ess-formal systems do not. d. The formal system is a book inventory system whereas less-formal systems are not. e. Formal systems are maintained on a retail basis whereas less-formal systems are maintained on a cost basis.

Please answer with reason Which of the following statements concerning formal and less-formal nonperpetual unit control systems is true? a. Both formal and less-formal nonperpetual unit control systems enable the retailer to determine overages and shortages. b. The possibility of immediate delivery of goods is more essential for a ess-formal system than for a formal system. c. The formal system requires that the retailer has a planned model stock where ess-formal systems do not. d. The formal system is a book inventory system whereas less-formal systems are not. e. Formal systems are maintained on a retail basis whereas less-formal systems are maintained on a cost basis.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q.9.
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