There is no universally accepted definition of a percentile. Using the 65th percentile as an example, the 65th percentile can be defined as the lowest score that is greater than 65% of the scores. This is the way we defined it above and we will call this Definition 1..
b. The perpetual inventory system updates inventory records at the end of a period. c. The periodic inventory system updates inventory at the end of a period. d. The perpetual inventory system continually updates inventory records. e. Both C and D are true statements.
the company was founded as, and still is, a virtual retailer with no inventory. which of the following is a function of inventory. all of the above are functions of inventory. Advertisement ) which of the following would not generally be a motive for a firm to hold inventories. to minimize holding costs.