A Computer Manufacturer Recently Shipped Several Laptops to a Customer

question 16

Multiple Choice

A computer manufacturer recently shipped several laptops to a customer (cost: $25,000) and billed the customer $30,000. Which of the following options correctly expresses the accounts that are debited and credited to record this transaction?

• A) Debits: Accounts Receivable, Finished-Goods Inventory; credits: Sales Revenue, Cost of Goods Sold.
• B) Debits: Accounts Receivable, Cost of Goods Sold; credits: Sales Revenue, Finished-Goods Inventory.
• C) Debits: Sales Revenue, Cost of Goods Sold; credits: Accounts Receivable, Finished-Goods Inventory.
• D) Debits: Sales Revenue, Finished-Goods Inventory; credits: Accounts Receivable, Cost of Goods Sold.
• E) Debits: Accounts Receivable; credits: Finished-Goods Inventory, Profit on Sale.

Grasp the concept of falsifiability as a criterion for assessing the scientific viability of theories.

Appreciate the importance of simple and consistent assumptions in forming theories.

Understand the importance and concept of replicability in scientific research.

Recognize the implications of non-replicable results and false claims in scientific studies.

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Definitions:

Unconscious Feelings

Emotions and desires not within the immediate realm of awareness, often influencing behavior in ways one is not aware of.

Catharsis

The process of releasing and thereby providing relief from strong or repressed emotions through particular activities or experiences.

Insight Therapies

A category of psychotherapies that aim to improve mental health by fostering increased self-awareness and understanding of one's motives and actions.

Unconditional Positive Regard

A term in client-centered therapy for accepting and respecting others as they are without judgment or evaluation.