Suppose that for a particular business there are no implicit costs. Then Group of answer choices accounting profit will be greater than economic profit. accounting profit will be the same as economic profit. accounting profit will be less than economic profit. the relationship between accounting profit and economic profit cannot be determined without more information.

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?