I would say that Garza company would have net sales of $138565 because the sales discounts of $2175 and the returns of $3460 would have to be subtracted from the total $144,200 to get the $138,565 actual net income to Garza.
When she determined to set her share of communication expenses at 4 percent of sales, it is an example of the use of the <u>competitive parity method.</u>
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Competitive parity refers to when one want to achieve standard or average results as compared to others in your industry or within one's firm.
Here, because the firm’s sales have increased to 4%, she decided to set her share of communication expenses at 4% of sales
It is obvious she is acting because of the movement of internal situation (increase of firm's sales)
Thus, the scenario of method is definitely known as Competitive parity.
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Answer:
0.04 *60,0000= 2400
Debt Credit
Bad debt expense 2400
Accounts receivables 2400
Allowance for doubtful accounts 2400
Bad dent expense 2400
Explanation:
Answer: When a restaurant owner purchases frozen shrimp from an unapproved vendor at a discount price, the food defense principle that has been violated is assurance/assure. The owner has to make sure that the food is from an approved vendor to ensure the quality of the shrimp and make it was handled and frozen properly.