What is the most popular motivator for salespeople?

A company that uses the perpetual inventory system purchased inventory for $900,000 on account with terms of 4/7, n/20. Which of the following correctly records the payment made 15 days after the date of invoice?

A) Cash 900,000 Accounts Payable 900,000 B) Accounts Payable 900,000 Merchandise Inventory 900,000 C) Accounts Payable 900,000 Cash 900,000 D) Accounts Payable 900,000 Merchandise Inventory 36,000 Cash 864,000

A fad is a relatively long-term acceptance cycle in today's marketplace because of the money necessary to develop the fad

Indicate whether the statement is true or false