The payments in return for labor and capital are respectively.

a. profit and rent

b. rent and wages

c. interest and profit

d. wages and interest

e. profit and wages

What are two benefits of consumer programs

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Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?