Answer:
debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784
Explanation:
Since Jello's Market purchased $1,000 of goods on account with terms of 2/10,n/30, and they returned $200 of the goods due to defect the next day.
Since the goods are paid fr the next day, if falls within the settlement for discount date which is 2% within 10 days
If Jello pays for the purchase within the discount period and uses the perpetual inventory system, the required journal entry to record the payment would: debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784.
This would be the case because accounts payable account would have been credited since the goods were not bought for cash but on account, and the would be $1000 less $200 returns, which is $800.
The discount of 2% x (1000 - 200 returns) would be $16 and posted directly to inventory, since it is a perpetual inventory system.
The actual amount paid is credited to cash, which is $1000 - $200 returns - $16 discount
A Strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage..
<h3>
What is Strategy? </h3>
- A strategy is a broad plan to accomplish one or more long-term or overall goals in the face of uncertainty.
- The phrase was first used in the 6th century C.E. in terms of the "art of the general," which covered a number of subsets of talents such as military tactics, siegecraft, logistics, etc. It was only in the 18th century that the term was translated into Western vernacular languages.
- The term "strategy" was then used to refer to "a comprehensive manner to try to attain political aims, including the threat or actual use of force, in a dialectic of wills" in a military war, in which both opponents engage.
To learn more about Strategy with the given link
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The answer is the ADA or also known as the Americans with
Disabilities Act of 1990, where in their main focus is the people who are
disabled in means of having them to be provided with benefits in order to accommodate
their physical limitation as a way of helping them.
Answer: Option D
Explanation: In simple words, depreciation refers to the reduction in value of an asset which occurs due to the normal wear and tear of that asset over a passage of time.
Depreciation is calculated by dividing the difference of initial value and estimated residual value with the expected useful life.
Hence, from the above we can conclude that the correct option is D .
