Park, IncPurchased Merchandise from Jay Zee Music Company on June 5

question 149

Multiple Choice

Park, Inc.purchased merchandise from Jay Zee Music Company on June 5, 2016.The goods were shipped the same day.The merchandise's selling price was $15,000.The credit terms were 1/10, n/30.The shipping terms were FOB shipping point.Park received the merchandise on June 10, 2016.Park paid the amount due on June 13, 2016. ​
If Park uses the periodic inventory system, the effect of recording the payment on June 13, 2016, will include

• A) a decrease to Accounts Payable for $15,000.
• B) a decrease to Purchases for $15,000.
• C) a decrease to Cash for $15,000.
• D) an increase to Inventory for $14,850.

Appreciate the role of internal branding and storytelling in creating coherent and compelling brand narratives.

Learn the significance of brand-driven marketing communications and how they contribute to building brand assets over time.

Understand the use of integrated marketing communications across different stages of the customer journey.

Understand the distinction and impact of positive and negative feedback within family dynamics.

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Definitions:

Weighted Moving Average

A statistical technique used to smooth data by giving different weights to different values, commonly used in forecasting.

Phantom Demand

A phenomenon where perceived demand for a product exceeds the actual demand, often due to forecasting errors or miscommunication within the supply chain.

Supply Planning

The process of determining how best to meet future supply needs, taking into account production capacities, material availability, and demand forecasts.

Collaborative Planning

A strategy where multiple stakeholders work together in the planning process to improve supply chain efficiency and meet shared goals.