Answer:
D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The journal entry to record the merchandise return is shown below:
Account payable A/c Dr $1,500
To Merchandise inventory A/c $1,500
(Being returned inventory is recorded)
For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done
Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market
Answer:
Yes.
I agree with the statement that "Persistent long-term growth is most achievable in moderate rates."
Explanation:
For instance, Company B may not be motivated to continue on its growth trajectory because it has doubled in size in a few years. The reason for this demotivation is that to achieve further growth may not become a motivator and it may not be repeatable, with management relaxing its growth efforts. Companies that achieve persistent long-term growth usually grow at moderate rates.
Solution :
The optimal order quantity, EOQ = 
EOQ = 
= 115.47
The expected number of orders = 

= 17.32
The daily demand = demand / number of working days

= 8.33
The time between the orders = EOQ / daily demand

= 13.86 days
ROP = ( Daily demand x lead time ) + safety stock

= 76.64
The annual holding cost = 

= 207.85
The annual ordering cost = 

= 207.85
So the total inventory cost = annual holding cost + annual ordering cost
= 207.85 + 207.85
= 415.7