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Jan 01: Purchased $80, 000 of inventory, terms 2/10, n/30, FOB shipping point. Paid freight costs of $600. Jan. 02: Returned damaged goods to supplier and received a credit of $12, 000. 09: Paid cash to supplier for inventory purchased on January 1. Required: Prepare all necessary journal entries assuming the Chicago uses a periodic inventory system and gross method of accounting for purchases discounts. Solution:
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Moreover, people who know that their opinions will make a difference are more eager to take part in the processes of government. 3 Cons of Direct Democracy We Might Never Decide: If every American citizen were expected to vote on every issue considered at every level of government, we might never decide on anything. Between all of the issues considered by local, state, and federal governments, citizens could literally spend all day, every single day voting. Public Involvement Would Drop: Direct democracy best serves the interest of the people when most people take part in it. As the time required for debating and voting increases, public interest and participation in the process would quickly decrease, leading to decisions that did not truly reflect the will of the majority. In the end, small groups of people—often with axes to grind—could control the government. One Tense Situation After Another: In any society as large and diverse as that in the United States, what is the chance of that everyone will ever happily agree with or at least peacefully accept decisions on major issues?
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