Use the Following Information for Questions

question 7

Multiple Choice

Use the following information for questions.
Ryerson Corp.records purchases at net amounts.On May 5, Ryerson purchased merchandise on account costing $6,000 (gross) , terms 2/10, n/30.Ryerson returned $400 of the May 5 purchase and received credit on account.At May 31 the balance had not been paid.
-The amount to be recorded as a purchase return is

• A)$408.
• B)$400.
• C)$392.
• D)$360.

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Definitions:

Social Learning Theorists

Social learning theorists propose that people learn behaviors, attitudes, and emotional reactions through observing others and the consequences of their actions, rather than through direct personal experience alone.

Self-disclose

The act of revealing personal information, thoughts, and feelings to others, which can deepen relationships and foster trust.

Empathically

In a manner that shows an understanding of and sensitivity to another's feelings or experiences, often by putting oneself in another's place.

Disequilibrium

A state of imbalance or instability caused by a disruption in the usual or expected balance of forces, often mentioned in the context of economics or psychology.