A Company Uses the Perpetual Inventory System and Recorded the Following

question 4

Multiple Choice

A company uses the perpetual inventory system and recorded the following entry: $\begin{array}{|c|c|c|}\hline \text { Merchandise Inventory } & 2,500 & \\\hline \text { Accounts Payable } & & 2,500 \\\hline\end{array}$ This entry reflects a:

• A)Purchase of merchandise on credit.
• B)Return of merchandise.
• C)Sale of merchandise on credit.
• D)Payment of the account payable less a 2% cash discount taken.
• E)Payment of the account payable less a 1% cash discount taken.

---

Definitions:

Core Products

Core products are the essential products or services offered by a company that define its primary business activities and value proposition.

New Products

Innovations or improvements in goods and services that companies introduce to the market, aiming to fulfill consumer needs or open new markets.

Existing Core

The foundational or currently established elements within an organization or system that form its central functions or operations.

Self-directed Work Teams

Teams composed of members who work together on a task with minimal direct supervision, managing their own processes and tasks.