• You were just hired as the Inventory Manager for Bubble Snap, Inc., a small, merchandising startup. Bubble Snap currently uses a periodic inventory system, but it is considering changing to a perpetual system in order to have up-to-date inventory information so it can better manage the acquisition of additional merchandise.
• 
  
• The CFO has asked you to prepare a memo explaining the systems, including their differences, and recommending which would best provide timely and accurate inventory amounts.