Author Question: What is the main advantage that managers will gain by using a perpetual inventory system?. (Read 80 times)

erika · **on:** Aug 15, 2020

Question 1

What is the document that managers use to communicate to suppliers the items the managers want to purchase and the prices they are willing to pay?
◦ Credit memo
◦ Purchase order
◦ Statement of account
◦ Purchase specification

Question 2

What is the main advantage that managers will gain by using a perpetual inventory system?.
◦ At any point in time, managers know their inventory turnover rates.
◦ At any point in time, managers know how much product should be in inventory.
◦ At the end of the year, storage-related product costs will be lower for managers using the perpetual inventory system.
◦ At the end of the year, storage-related labor costs will be lower for managers using the perpetual inventory system.

juiceman1987 · **Reply #1 on:** Aug 15, 2020

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