Juniper Company, Inc

question 255

Multiple Choice

Juniper Company, Inc. uses the gross method of recording purchases and a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The correct journal entry to record the payment on August 16 is:

• A)Debit Accounts Payable $8,250; credit Cash $8,250.
• B)Debit Cash $8,250; credit Accounts Payable $8,250.
• C)Debit Accounts Payable $8,250; credit Merchandise Inventory $82.50; credit Cash $8,167.50.
• D)Debit Accounts Payable $9,750; credit Merchandise Inventory $97.50; credit Cash $9,652.50.
• E)Debit Accounts Payable $9,652.50; credit Cash $9,652.50.

Recognise the impact of information technology and e-business strategies in contemporary organisational strategies.

Understand the importance of strategic alliances and their potential configurations.

Comprehend the role of leadership in the process of strategic management and change.

Understand different types of strategies employed by organizations, including growth, retrenchment, and diversification.

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Definitions:

Reasonable Accommodation

Adjustments or modifications to policies, structures, or practices to enable individuals with disabilities to participate fully in employment or other activities.

Employment Field

The specific sector or industry where an individual works or seeks work, such as healthcare, education, or technology.

Dishonest Conduct

Actions that are deceitful, fraudulent, or lack integrity, often intended to gain an unfair advantage.

Just Cause

A valid reason to dismiss an employee without notice.