A Company Purchased Inventory for $3,000 from a Vendor on Account,FOB

question 6

Multiple Choice

A company purchased inventory for $3,000 from a vendor on account,FOB shipping point,with terms of 2/10,n/30.The company paid the shipper $100 cash for freight in.The company then returned damaged goods worth $200.The invoice was then paid eight days after the purchase.Assuming that there was no beginning inventory balance,the cost of inventory would be ________.(Assume a perpetual inventory system. )

• A)$2,744
• B)$2,844
• C)$2,900
• D)$2,940

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Definitions:

Delayed Reinforcers

Rewards that do not immediately follow a behavior but occur after some time, still affecting the likelihood of the behavior's recurrence.

Variable-Interval Schedules

A reinforcement schedule in experiments where a response is rewarded after an unpredictable amount of time has passed, used to study learning and behavior.

Primary Reinforcers

Innate reinforcing qualities like food, drink, and pleasure that fulfill basic biological needs and do not depend on learning to be effective.

Spontaneous Recovery

The reappearance of a conditioned response after a period of rest or no exposure to the conditioned stimulus.