When using a perpetual inventory system,
a. no Purchases account is used.
b. a Cost of Goods Sold account is used.
c. two entries are required to record a sale.
d. all of these.
Answer: d. all of these.
Business
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When the total fixed costs decrease, the contribution margin per unit ________
A) increases B) decreases C) remains the same D) decreases proportionately
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