Weston Jewelers Uses the Perpetual Inventory System

question 163

Multiple Choice

Weston Jewelers uses the perpetual inventory system.On April 2,Weston sold merchandise with a cost of $5,000 for $10,000 to a customer on account with terms of 2/15,n/30.On April 4,the customer reported damaged goods,and Michelin granted a $2,000 sales allowance.On April 10,Weston received payment from the customer.Calculate the amount of net sales revenue.

• A)$9,840
• B)$10,000
• C)$8,000
• D)$7,840

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Definitions:

Biological Bases

The underlying genetic, neurological, and physiological mechanisms that contribute to behavior and functions of living organisms.

Evolutionary Bases

Fundamental principles or reasons for something based on evolutionary theory, highlighting how inherited traits have developed over time through natural selection.

Babyness

An attribute or quality that evokes the appearance or characteristics typical of a baby, often used in psychology to discuss features that elicit caregiving responses.

Caregiving Behaviors

Actions performed to provide support and meet the physical or emotional needs of others.