A Company That Uses the Perpetual Inventory System Purchases Inventory

question 30

Multiple Choice

A company that uses the perpetual inventory system purchases inventory for $65,000 on account, with terms of 2/10, n/30. Which of the following is the journal entry to record the payment made within 10 days?

• A)a debit to Accounts payable for $65,000 and a credit to Cash for $65,000 and a debit to Merchandise Inventory for $1,300
• B)a debit to Accounts payable for $65,000, a credit to Merchandise Inventory for $1,300, and a credit to Cash for $63,700
• C)a debit to Merchandise Inventory for $1,300, a debit to Accounts Payable for $65,000 and a credit to Cash for $66,300
• D)a debit to Accounts Payable for $63,700, a debit to Merchandise Inventory for $1,300 and a credit to Cash for$65,000

Identify the characteristics of successful integrative negotiators and the central processes to achieving integrative agreements.

Distinguish between different types of interests (instrumental, substantive) involved in negotiations.

Assess the quality of integrative agreements based on meeting the parties' interests and needs.

Understand the key components and the significance of observational learning within group settings.

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Definitions:

Marketing

The process or technique of promoting, selling, and distributing a product or service, including market research and advertising.

Innovation Processes

The steps or stages involved in translating ideas into practical and functional new products, services, or technologies.

Customer Satisfaction

The measure of how products or services meet or surpass customer expectations, often used as an indicator of customer loyalty and product/service quality.

Dashboard

A special form of IS that supports all managers of the organization by providing rapid access to timely information and direct access to structured information in the form of reports.