Use the Following for Questions

question 94

Multiple Choice

Use the following for questions
Assume the perpetual inventory method is used.
1) The company purchased $12,500 of merchandise on account under terms 2/10,n/30.
2) The company returned $1,200 of merchandise to the supplier before payment was made.
3) The liability was paid within the discount period.
4) All of the merchandise purchased was sold for $18,800 cash.
-The amount of gross margin from the four transactions is:

• A)$5,100.
• B)$7,726.
• C)$6,550.
• D)$11,074.

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Definitions:

Persuade

The act of convincing someone to do or believe something through reasoning or argument.

Social Stimuli

External events or circumstances that can elicit or influence social behavior and responses.

Central Route

A method of persuasion that involves carefully constructing and presenting a logical argument.

Elaboration Likelihood

A theory suggesting the degree to which people are likely to pay attention to and elaborate on persuasive messages, influenced by their motivation and ability to process the message.