Discuss potential benefits of a perpetual inventory system

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Reference no: EM131824025

Question: 1. How do the components of revenues and expenses differ between a merchandising company and a service company?

2. Maria Lopez, CEO of Sales Bin Stores, is considering a recommendation made by both the company's purchasing manager and director of finance that the company should invest in a sophisticated new perpetual inventory system to replace its periodic system. Explain the primary difference between the two systems, and discuss the potential benefits of a perpetual inventory system.

Reference no: EM131824025

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