Accounting for Merchandising Businesses:

B- While working at a Barcelona Mall in a high end store. you are put in charge of negotiating a receipt of a large order of the new fall collection (All clothing items are uninsured). But as the person in charge of the purchases, and being an excellent negotiator you can get a better deal on acquiring this new merchandise as long as they are shipped by FOB Shipping Point instead of FOB destination. However some of the other managers are unfamiliar with the meaning on this two types of shipping/concepts. including why choosing one instead of the other one would make any difference for the business. You however understand the difference and meaning of these concepts and right away know the best choice over the other in the case of uninsured goods. Briefly explain these 2 concepts and mention how you would explain it to the other managers (regarding the preferable shipping method)

A- Briefly Explain the difference that exists between the Perpetual and Periodic inventory systems and why use the Periodic inventory in the modern times.

Thanks in Advance!!