Merchandise with a List Price of $7,500 and a Cost

question 123

Essay

Merchandise with a list price of $7,500 and a cost of $7,000 is sold on account,terms 1/10,n/30.Prior to payment,merchandise with a list price of $1,000 and a cost of $800 is returned.The correct amount is paid within the discount period.
a.
Statement of Cash Flows
Income Statement
Assets =
Liabilities
+ Stockholders' Equity
Cash
Accounts Receivable
Merchandise Inventory
Accounts Payable
Capital Stock
Retained Earnings
b.
Statement of Cash Flows
Income Statement
Assets =
Liabilities
+ Stockholders' Equity
Cash
Accounts Receivable
Merchandise Inventory
Accounts Payable
Capital Stock
Retained Earnings
c.
Statement of Cash Flows
Income Statement

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Definitions:

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.

Fixed-Ratio

In the context of reinforcement learning, it describes a schedule where a response is reinforced only after a specified number of responses have occurred, leading to a high, steady rate of responding.

Variable-Ratio

A reinforcement schedule in which the number of responses required for a reward varies around an average, making the reinforcement unpredictable and typically leading to high and stable response rates.

DRH

A differential reinforcement of high rates of behavior schedule where reinforcement is contingent on responses being made at or above a certain rate.