Several Sales Transactions and Purchasing Activities for Yu Company Are

question 180

Essay

Several sales transactions and purchasing activities for Yu Company are described below. Yu Company uses a perpetual inventory system. A) Yu Company purchased merchandise fram Mia Company an credit.

B) Yu Company retuned to Mia Company defective merchandise before payment is made.

C) Yu Company pays for the merchandise purchased from Mia Company.

D) Yu Company sells merchandise to its custumers for cash and an credit.

E) Credit customers returned merchandise to Yu Company for a refund.

Credit customers pay their account balances to Yu Company.
-Refer to the information provided for Yu Company.Explain the advantages to Yu Company for using the perpetual inventory system.Assume that Yu Company uses a computer system that is linked to its cash registers and that all products have bar codes that are read by bar code readers attached to the cash registers.

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Definitions:

Memory

The cognitive function that enables the storage, retention, and recall of information, experiences, and procedures from the past.

Free Recall

A memory task in which an individual is asked to remember and repeat a list of items in any order without cues.

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An international award given annually to individuals or groups for significant contributions to peace.

Memorization

The process of committing information to memory so that it can be recalled later, often through repetitive practice.