The _____ is the person who will own or take responsibility for the risk

Glasgow, Inc. uses the periodic inventory system. On February 1, the corporation purchased inventory on account for $14,000. The terms were 4/10, n/30. On February 2, it returned damaged goods worth $700 to the supplier and was granted an allowance

Give the journal entry for the payment if the invoice is paid after the discount period. (Round your answers to the nearest dollar.) A) Accounts Payable 13,440 Cash 12,902 Purchase Discounts 538 B) Cash 14,000 Accounts Payable 14,000 C) Accounts Payable 13,440 Cash 13,440 D) Cash 12,902 Purchase Discounts 538 Accounts Payable 13,440

Conscious marketers have no need for contingency plans that reflect their conscious leadership and conscious culture.

a. true b. false