A company uses the perpetual inventory system. Which of the following transactions neither increases nor decreases its inventory account? Returning inventory to the supplier after buying it from the supplier for cash All of these Paying freight costs to deliver goods to a customer Purchasing merchandise on account Selling inventory to a customer for cash A corporation uses the perpetual inventory system. On April 1, it sells merchandise on account for $15,000 with terms 1/15, n/30. The corporation had paid $9,000 to acquire the merchandise. On April 7, its customer returns merchandise with an invoice price of $1,000. The merchandise returned to the corporation had cost the corporation $600. On April 30, the corporation receives payment for the merchandise retained its customer. The journal entry that the corporation records when it receives the payment from its customer on April 30 includes a credit to cash for $13,860. debit to cash for $14,000. O credit to cash for $140. debit to cash for $13,860. credit to cash for $14,000. A corporation has the following: Cost of goods sold, $100,000 Operating income, $30,000 Sales discounts, $5,000 Sales returns and allowances, $10,000 Sales revenue, $175,000 Net income, $20,000 Which of the following is closest to this company's profit margin? 12.5% 33.33% 37.5% 6.67% 34.29%