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3 . 6 . 1 Which of the following numbers represents the discount percentage applied if a customer pays within a discount window and credit

3.6.1 Which of the following numbers represents the discount percentage applied if a customer pays
within a discount window and credit terms are 3/15, n/60?
A.3
B.15
C.60
D.3 and 15
4.6.1 If a customer purchases merchandise on credit and returns the defective merchandise before
payment, what accounts would recognize this transaction?
A. sales discount, cash
B. sales returns and allowances, cash
C. accounts receivable, sales discount
D. accounts receivable, sales returns and allowances
5.6.2 Which of the following is a disadvantage of the perpetual inventory system?
A. Inventory information is in real-time.
B. Inventory is automatically updated.
C. It allows managers to make current decisions about purchases, stock, and sales.
D. It is cost-prohibitive.

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