A Company Using the Perpetual Inventory System Purchased Inventory Worth

question 79

Multiple Choice

A company using the perpetual inventory system purchased inventory worth $24,000 on credit with terms of 2/10,n/30.Defective inventory of $2000 was returned 2 days later and the accounts were appropriately adjusted.If the invoice is paid within 10 days,the amount of the purchase discount that would be available to the company is:

• A)$480
• B)$520
• C)$470
• D)$440

Define and elaborate on various motivation theories and their application in organizational behavior, including expectancy theory and the two-factor theory.

Explore the relationship between motivation, job satisfaction, and performance within organizations.

Understand the process and significance of adjusting entries in financial accounting.

Acquire the ability to calculate stockholders' equity, total liabilities, and total assets after adjusting entries.

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Definitions:

Ecological Restoration

Actively altering an area in an effort to restore an ecosystem that has been damaged or destroyed.

Marsh Grasses

Types of grasses that grow in marshes, wetlands, or near bodies of water, adapted to water-saturated soils.

Ground-level Ozone

A harmful air pollutant formed by the reaction of sunlight and pollutants from vehicle emissions and industrial activities.

Pollutant

A substance released into the environment by human activities; interferes with the function of organisms that evolved in the absence of the substance or with lower levels.