A Company Using the Perpetual Inventory System Purchased Inventory Worth

question 38

Multiple Choice

A company using the perpetual inventory system purchased inventory worth $500,000 on account with credit terms of 3/15,n/45.Defective inventory of $50,000 was returned 3 days later,and the accounts were appropriately adjusted.If the company paid the invoice 25 days later,the journal entry to record the payment would be ________.

• A)$500,000 debit to Accounts Payable and $500,000 credit to Cash
• B)$450,000 debit to Accounts Payable and $450,000 credit to Cash
• C)$500,000 debit to Accounts Payable,$486,500 credit to Cash,and $13,500 credit to Merchandise Inventory
• D)$463,500 debit to Accounts Payable,$13,500 credit to Merchandise Inventory,and $450,000 credit to Cash

Recognize the legal and ethical considerations in the assessment, diagnosis, and treatment of sexual disorders and dysfunctions.

Differentiate between various sexual preferences and paraphilic disorders.

Analyze the impact of sexual disorders on individuals and relationships.

Identify the characteristics and structures of liverworts and their life cycle.

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Definitions:

Fairly Compensated

Being remunerated or paid in a manner that is considered just, equitable, and appropriate based on one's role, contributions, and the context.

Skill Variety

The degree to which a job involves a range of different activities requiring the use of various skills and talents.

Job Characteristics Model

A theory that proposes five core job dimensions, leading to high job satisfaction, motivation, and performance.

Visible Outcome

A result or effect that is easily seen, noticed, or observed.