I guess the correct answer is the narrow view, or invisible hand theory
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The narrow view, or invisible hand theory, holds that producing profit is more important than being socially responsible.
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
Based on the fact that Marigold Company returned some merchandise and paid within the discount period, the check amount would be <u>$1,960.</u>
<h3>What would be the check amount?</h3>
The credit terms 2/9, n/30 mean that if Marigold Company pays their balance in 9 days, they get a 2% discount.
The amount they will pay for settling their debt in that time is therefore:
= (Amount - Returns ) x ( 1 - discount)
= (2,100 - 100) x ( 1 - 2%)
= $1,960
Find out more on discount periods at brainly.com/question/2192821.
Answer: The answer is c.the Cash flows from financing activities section
Explanation: Cash flows from financing activities section of the statement of cash flows provides an insight on how the company is funded. It shows the net cash flows used in funding the company. Transactions that appear under that section comprise debt, equity and dividends.
Investors analyze this section of the cash flows to know how the capital structure of an organization is managed to further understand the financial strength of the organization.
