A Company Using the Perpetual Inventory System Purchased Inventory Worth

question 96

Multiple Choice

A company using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15,n/45.Defective inventory of $40,000 was returned 2 days later,and the accounts were appropriately adjusted.If the company paid the invoice 20 days later,the journal entry to record the payment would be ________.

• A)$540,000 debit to Accounts Payable and $540,000 credit to Cash
• B)$500,000 debit to Accounts Payable and $500,000 credit to Cash
• C)$540,000 debit to Accounts Payable,$530,000 credit to Cash,and $10,000 credit to Merchandise Inventory
• D)$530,000 debit to Accounts Payable,$10,000 credit to Merchandise Inventory,and $500,000 credit to Cash

Explain the concepts of synonymous and nonsynonymous mutations and their implications for protein function.

Describe the mechanisms and rates of genetic substitution and their role in evolutionary divergence.

Ability to align DNA sequences and infer evolutionary relationships.

Recognize the importance of neutral theory and the balance between mutation and genetic drift.

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Definitions:

Neural Plasticity

The ability of the brain's neural networks to change through growth and reorganization, in response to learning or experience.

Back Propagation

An algorithm commonly used in training artificial neural networks, where error is propagated backwards to update the weights.

Temporal Summation

The process by which multiple sub-threshold signals can combine over time at a synapse to produce a significant effect, often leading to action potential if the threshold is reached.

Nobel Prize

Prestigious international awards given annually in several categories including physics, chemistry, medicine, literature, peace, and economic sciences, to those who confer the greatest benefit to humanity.