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Exam 1
Lecture 7
8
Architecture
5th Grade
01/29/2013

Additional Architecture Flashcards

 


 

Cards

Term
how many trnasactions are made if merchandise is sold on credit in a PERPETUAL system
Definition
2
Term
which type of ssytem do you have to worry about real time inventory?
Definition
perpetual
Term
what is the equation for COGS in perioidc system
Definition
beginning inventory + (purchases + freight) - ending inventory
Term
what is shrinkage?
Definition
losing a product you've already paid for
Term
by reporting shriknage on a perpetrual system - what happens to COGS?
Definition
increases
Term
what consumes the majority of the community pharmacy's total assets?
Definition
inventory
Term
what takes up the majority of a oharamcy's expense?
Definition
Cost of Goods
Term
periodic inventory is an- asset, liability, owner's equity?
Definition
asset
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