Rasner Co. returned defective goods costing $8,000 to Markum Company on April 19, for credit. The goods were purchased April 10, on credit, terms 3/10, n/30. The entry by Rasner Co. on April 19, in receiving full credit is: 
Definitions:
Satisficing
A decision-making strategy that aims for a satisfactory rather than optimal solution by prioritizing the first option that meets a given threshold of acceptability.
Future Alternatives
Potential future courses of action or strategies that are explored as options for decision-making or problem-solving.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.
Evaluate Probabilities
The process of assessing the likelihood of various outcomes in order to make informed decisions under conditions of uncertainty.
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