A Company Using the Perpetual Inventory System Purchased Inventory Worth

question 189

Multiple Choice

A company using the perpetual inventory system purchased inventory worth $25,000 on account with terms of 3/10,n/30.Defective inventory of $1,000 was returned two days later,and the accounts were appropriately adjusted.If the invoice is paid 10 days after the invoice date,the amount of the purchase discount that would be available to the company is ________.

• A)$720
• B)$780
• C)$750
• D)$740

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Definitions:

Plasticity

The ability of the brain to change and adapt as a result of experience or injury.

Medulla

An area at the base of the brainstem that controls vital life-sustaining functions such as heartbeat, breathing, and blood pressure.

Amygdala

A set of neurons located deep in the brain's medial temporal lobe, playing a key role in processing emotions such as fear and pleasure.

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for regulating the body's unconscious actions and helps to conserve energy and restore the body to a calm and composed state.