For Each of the Following Statements,state Whether It Applies to a Periodic

question 143

Essay

For each of the following statements,state whether it applies to a periodic inventory system (periodic)or a perpetual inventory system (perpetual).
$$\begin{array} { |l | l |} \hline \text { Statement } & \text { Periodic or Perpetual } \\\hline \text { Merchandise inventory and } & \\\text { purchasing systems are integrated } & \\\text { with the records for Accounts } & \\\text { Receivable and Sales Revenue. } & \\\hline \text { This system is often used by } & \\\text { restaurants and small retail stores. } & \\\text { The physical count captures } & \\\text { inventory transactions that are not } & \\\text { recorded by the electronic system. } & \\\hline\end{array}$$

---

Definitions:

Binge-Eating Disorder

A disorder characterized by recurrent episodes of eating large quantities of food quickly and to the point of discomfort, often accompanied by feelings of loss of control and guilt.

Bulimia Nervosa

An eating disorder characterized by binge eating followed by purging to prevent weight gain.

Remorse

A deep regret or guilt for a wrong committed, often associated with a desire to make amends.

Gain Weight

The increase in body mass, typically as a result of excess calorie intake beyond the body's energy needs.