A perpetual inventory system Group of answer choices1. calculates cost of goods sold at the end of an accounting period is not real. 2. companies only use a periodic inventory system3. calculates cost of goods sold each time a sale occurs 4. is not used by most companies

The answer is: Calculates the cost of goods sold each time a sale occurs

Explanation:

A perpetual inventory system is a process of accounting for inventory that utilises real-time data of sales and purchases to update the inventory valuation. This is a more detailed approach to accounting for inventory as the stock on hand and cost of sales can be accurately reflected in the financial records immediately after the sale occurs. The contrast of this is the periodic system which keeps track of inventory on hand by conducting physical stock counts.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

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