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Companies in a variety of industries use periodic inventory systems. Retailers, wholesalers, and small businesses often opt for periodic inventory systems due to their simplicity and lower cost compared to perpetual inventory systems. Examples of companies that may use periodic inventory include small grocery stores, antique shops, and local convenience stores.
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Who first published the classification of elements that the periodic table you use today is based on?
the answer is mendeleev
Modern periodic table is invented by?
The modern periodic table was invented by Dmitri Mendeleev in 1869. Mendeleev organized the elements by increasing atomic mass and grouped them based on similar chemical properties, which laid the foundation for the periodic table we use today.
What century was the periodic table formed?
The periodic table was formed in the 19th century by Dmitri Mendeleev in 1869. Mendeleev organized the elements based on their properties and atomic weights, creating the foundation for the modern periodic table we use today.
What is the contribution of de chancourtois?
De Chancourtois is known for his contribution to the development of the early periodic table of elements. He arranged the elements in a spiral or helical format based on atomic weights, which foreshadowed the modern periodic table structure. This arrangement helped in understanding the periodic trends and relationships between elements, paving the way for the organization of elements we use today.
What is periodic chemistry?
A periodic chemistry is a periodic table. A periodic table is a tab,e with atoms and elements. Whatever we eat or use have atoms or elements.
What types of companies use the periodic inventory in accounting?
Companies that sell large stocks of small items such as discount retailers (wal-mart), clothing stores, and grocery stores.
Does Zain company use the periodic inventory?
yes they use it
What are the types of inventory?
Inventory types vary, but most companies use the numbering system.
Which companies use just in time inventory system?
Walmart, Toyota, McDonalds, Xerox
Who is the inventor of the periodic table you use today?
Dmitri Mendeleev.
What companies would be more likely to use the specific identification inventory costing method?
walmart
What is the purpose of a company utilizing inventory database software?
Companies utilize inventory database software in order to avoid product overstock and outages. Since database software organizes inventory data it is easy to use and increase productivity.
Difference between perpetual inventory system and periodic inventory?
Periodic is what most small businesses use. Once a year, or whenever (periodically), a count is done, and that is how inventory levels are accounted for. When goods are purchased, the purchase price (the cost of the goods) is just dumped straight into a COGS account, rather than into an inventory (asset) account as happens with perpetual inventory (which moves the cost of goods from inventory (asset) to COGS when a sale occurs). Perpetual Inventory is continually monitored (the word perpetual means continual), so at any given time you can tell how much of each item you have on hand, because you are tracking every stock movement in real time. Companies that have RF scanners etc. are able to do this fairly easily with the technology. With periodic, you just do a count and adjust the levels through your accounting system, with the difference in sales of the item and actual levels on hand, being allocated as "shrinkage" (expense). Sure, there's variations on that (like shrinkage being a COGS account), but that's basically it. Perpetual allows you to know what you have on hand at all times, while periodic relies on physical counts.
Who first published the classification of elements that the periodic table you use today is based on?
the answer is mendeleev
Which of the following inventory costing methods is based on the actual cost of each particular unit of inventory?
FIFO method is based on the actual cost of each particular unit of inventory. In this method, inventory which is purchased first is sold out first. It ensures that old inventory is not piled up in storage and most companies use this method to evaluate their inventory.
What type of company needs to use inventory tracking software?
The type of company that need to use inventory tracking software are multi million dollar companys that have high values of produce and product to sell. But for the most part and company should have use of invetory tracking software, cause its just good to have.
How are database useful?
Databases store information. Some use database as an inventory. Large companies and stores use databases so they know what they have in stock and what they need to order.
