A Company Uses the Perpetual Inventory System and Recorded the Following

question 46

Multiple Choice

A company uses the perpetual inventory system and recorded the following entry: $$\begin{array} { | l | r | r | } \hline \text { Accounts Payable } & 2,500 & \\\hline \text { Merchandise Irventory } & & 50 \\\hline \text { Cash } & & 2,450 \\\hline\end{array}$$ 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.

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Definitions:

Implications

Consequences or possible outcomes that logically follow from an action, statement, or decision.

Job Enrichment

The act of enhancing a job to make it more fulfilling, stimulating, and engaging by incorporating additional significant tasks and responsibilities.

Redesign

The process of revising or improving a product, system, or structure to enhance functionality or aesthetics, typically involving significant modifications.

Motivation

is the psychological process that stimulates action or behavior towards achieving a specific goal or objective.