Juniper Company Uses a Perpetual Inventory System and the Gross

question 146

Multiple Choice

Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases.The company purchased $9,750 of merchandise on August 7 with terms 1/10,n/30.On August 11,it returned $1,500 worth of merchandise.On August 16,it paid the full amount due.The correct journal entry to record the payment on August 16 is:

• A)Debit Merchandise Inventory $8,250; credit Cash $8,250.
• B)Debit Cash $8,250; credit Accounts Payable $8,250.
• C)Debit Accounts Payable $8,250; credit Merchandise Inventory $82.50; credit Cash $8,167.50.
• D)Debit Accounts Payable $9,750; credit Merchandise Inventory $97.50; credit Cash $9,652.50.
• E)Debit Accounts Payable $8,167.50; credit Cash $8,167.50.

Appreciate the principles of operant conditioning, reinforcement strategies, and their applications in managing behavior.

Analyze the role of classical conditioning and its basic principles in behavioral learning.

Understand the key concepts and types of perceptual distortions, including halo effects, selective perception, and stereotypes.

Identify the stages in the perceptual process and recognize how information is processed, organized, and interpreted.

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Definitions:

Observational Study

Research methodology where the researcher observes subjects without manipulating any variables.

Experiment

A controlled procedure carried out to discover, demonstrate, or test a hypothesis, involving manipulation of variables to observe the effect on some phenomena.

Absent From Work

Not present at one's place of employment during scheduled working hours, for reasons such as illness, personal matters, or vacation.

Aerobic Exercise

Physical activity that improves the efficiency of the cardiovascular system in absorbing and transporting oxygen, typically performed at moderate intensity over extended periods.