Gappule Corp

question 30

Multiple Choice

Gappule Corp. made a $30,000 sale on account with terms of 2/15, n/30. If the company uses the net method, which of the following will be included in the journal entry to record customer payment within the discount period?

• A) credit Accounts Receivable $30,000
• B) debit Sales Discounts Forfeited $600
• C) credit Sales Revenue $29,400
• D) debit Cash $29,400

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Definitions:

Least Preferred Coworker

A concept from Fiedler's contingency theory of leadership, describing how a leader's effectiveness is influenced by their feelings towards the coworker they least enjoy working with.

Fiedler's Contingency Theory

A leadership theory proposing that a leader's effectiveness is contingent upon how well the leader's style fits the context or environment.

Relationship-oriented Leaders

Leaders who prioritize and nurture the development of strong interpersonal relationships within their team to foster a supportive and collaborative work environment.

Fiedler's Contingency Theory

A leadership model proposing that effective leadership style is contingent upon situational demands, including the leader-member relations, task structure, and position power.