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).
$$\begin{array} { |l | l |} \hline \text { Statement } & \text { Periodic or Perpetual } \\\hline \text { Merchandise inventory and } & \\\text { purchasing systems are integrated } & \\\text { with the records for Accounts } & \\\text { Receivable and Sales Revenue. } & \\\hline \text { This system is often used by } & \\\text { restaurants and small retail stores. } & \\\text { The physical count captures } & \\\text { inventory transactions that are not } & \\\text { recorded by the electronic system. } & \\\hline\end{array}$$

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Definitions:

Hypoglycemic

A condition characterized by an abnormally low level of glucose in the blood.

Glucophage

A prescription medication primarily used to treat type 2 diabetes by helping to control blood sugar levels, known generically as metformin.

Oral

Pertaining to the mouth.

Antianxiety

Refers to medications or treatments designed to reduce or relieve anxiety.