A Company Uses the Periodic Inventory Method

question 148

Multiple Choice

A company uses the periodic inventory method.Which of the following entries would be made to record a return of $200 of inventory purchased on account?

• A) The accounting entry would be a $200 debit to Purchase returns and allowances and a $200 credit to Accounts payable.
• B) The accounting entry would be a $200 debit to Accounts payable and a $200 credit to Purchase returns and allowances.
• C) The accounting entry would be a $200 debit to Purchases and a $200 credit to Accounts payable.
• D) The accounting entry would be a $200 debit to Accounts payable and a $200 credit to Purchases.

Distinguish between unconditioned and conditioned stimuli and responses in the learning process.

Understand how behaviors are reinforced in the workplace and the impact on employee performance.

Recognize the role of managers in shaping desirable behaviors through reinforcement and understanding of behavioral changes.

Identify the subjective nature of labeling behaviors as desirable or undesirable within an organization.

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Definitions:

Recognition

The act of acknowledging or rewarding the achievements, contributions, or status of individuals or groups.

Continuous Learning

Each employee's and each group's ongoing efforts to gather information and apply the information to their decisions in a learning organization.

Learning Organization

A group that aids in the education of its members and persistently changes to enhance its ability to adjust and prosper.

Innovation

The introduction of new ideas, devices, or methods to improve goods, services, or processes.