A Company Sold Merchandise for $4,000 on Account with Terms

question 25

Multiple Choice

A company sold merchandise for $4,000 on account with terms of 4/15,n/30.The company uses a perpetual inventory system.Defective merchandise of $200 was returned two days later.If the payment was received after 30 days,the journal entry to record the cash receipt will include ________.

• A)a debit to Cash for $3,840 and a credit to Accounts Receivable for $3,840
• B)a debit to Cash for $3,800 and a credit to Accounts Receivable for $3,800
• C)a credit to Sales Revenue for $3,800 and a debit to Cash for $3,800
• D)a credit to Cost of Goods Sold for $4,000 and a debit to Sales Revenue for $4,000

Promote safety and health in the selection of toys for children.

Understand the variability and requirements of newborn screening tests across the United States.

Recognize the importance of employers caring about the health needs of local children for future workforce development and productivity.

Identify factors influencing parental decisions regarding seeking medical care for their children.

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Definitions:

Fixations

Persistent focusing of psychological energy on a particular stage of psychosexual development, according to Freudian theory.

Simple Thinking

The process of reasoning or problem-solving in a straightforward, uncomplicated manner, often involving direct observation and practicality.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representativeness Heuristic

Judging the likelihood of things in terms of how well they seem to represent, or match, particular prototypes; may lead us to ignore other relevant information.