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2 years ago

The sales returns and sales allowances accounts are classified as

1 answer:

6 0

These two Sales Revenue accounts (the sales returns and sales allowances) are classified as Contra accounts. They have debit balances unlike the Sales Revenue account.

The purpose of their creation is to maintain the Sales Revenue account at its gross amount for measure purposes.

The Sales Returns account is the General Ledger account for recording goods returned by customers. It reduces the Accounts Receivable account, which is credited with Sales Returns.

The Sales Allowances account records allowances granted to customers for defective goods, which reduce their balances.

Thus, the two sales accounts are contra accounts and they have debit balances.

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_____ is a practice where a store sends coupons to a customer, who has already bought a product from the store, for a more expen

Kaylis [27]

Answer:

Upselling

Explanation:

Upselling: The term "upselling" is described as a specific sales technique in which a seller generally induces different customers to buy or purchase items that are considered as more expensive, upgrades or any other "add-ons" while making an effort to create a profitable sale.

In other words, it is referred to as a practice or an effort to encourage various customers to buy high-end products. This is a method of persuading customers.

As per the question, the given statement signifies "upselling".

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3 years ago

Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respect

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Answer:

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2 years ago

Accounting Equation Shannon Cook is the stockholder and operator of Personality Shine LLC, a motivational consulting business. A

Neporo4naja [7]

Answer:

a. Stockholders' equity as of December 31, 2017: $635,000

b. Stockholders' equity as of December 31, 2018: $524,000

Explanation:

Please find the below for detailed explanation and calculations:

We have the Accounting Equation as: Total Asset = Total Liabilities + Total Equity <=> Total Equity = Total Asset - Total Liabilities

Applying the Accounting Equation to find the Stockholder's Equity at the two point of time require, we have the calculation as below:

* December 31, 2017:

Total Asset = $836,000; Total Liabilities = $201,000

=> Total Stockholder's Equity = $836,000 - $201,000 =$635,000

*December 2018:

Total Asset = $836,000 - $159,000 = $677,000; Total Liabilities = $201,000 - $48,000 = $153,000

=> Total Stockholder's equity = $677,000 - $153,000 = $524,000

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2 years ago

This member of the construction crew stands above all the crew chiefs and answers only to the director, the designers, and the b

olga55 [171]

Answer:

4. Technical Director

Explanation:

Based on the specifications of the role being mentioned it seems that this is referring to the Technical Director role. Like mentioned in the question this role is the senior technical person in a job site and answers only to the director. Their responsibilities are varied as they organize, coordinate, engineer, and schedule any and all elements regarding technical production.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago

Persons considered low income receive worse care than high-income persons for about 80% of core health care measures quizlet

kogti [31]

This statement is true. Members of racial and ethnic minorities are frequently given lower-quality care and are less likely to obtain preventative health services than white people. Additionally, they experience worse health outcomes for a few illnesses.

How are minorities affected by healthcare?

Minority Americans Experience Lower Insurance Coverage Rates and Limited Access to Healthcare all Americans who lack health insurance have reduced access to care and more unpleasant medical experiences. African Americans and Hispanics are particularly in danger of going without insurance.

How does socioeconomic status affect health care?

Access to healthcare is significantly impacted by low SES. Low-income individuals are more likely to be Medicaid beneficiaries or uninsured, have worse quality healthcare, seek medical attention less frequently, and are more likely to do so in an emergency.

Learn more about socioeconomic status affect health care: brainly.com/question/12482069

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1 year ago