Tony's market recorded the following events involving a recent purchase of inventory: received goods for $40,000, terms 2/10, n/30.returned $800 of the shipment for credit. paid $200 freight on the shipment. paid the invoice within the discount period. as a result of these events, the company's inventorya)increased by $38,416.b)increased by $39,400.c)increased by $38,612.d)increased by $38,616

D) increased by $38,616

Explanation:

The computation of the inventory is shown below:

= Goods received - returned goods - discount + freight expense

where,

Discount = (Goods received - returned goods) × rate

               = ($40,000 - $800) × 2%

               = $39,200 × 2%

               = $784

The other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $40,000 - $800 - $784 + $200

= $38,616

The $38,616 reflect increase in the inventory

happiness is the correct luck

explanation:

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