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alina1380 [7]
2 years ago
7

Memorex Disks sells computer disk drives with right-of-return privileges. Returns are material and reasonably predictable. Memor

ex should:________
i. Debit sales returns in the period of the return.
ii. Debit sales in the period of the return.
iii. Not record sales until the right to return has expired.
iv. Record a refund liability in the year of the sale.
Computers and Technology
1 answer:
pychu [463]2 years ago
5 0

Memorex should: iv. record a refund liability in the year of the sale.

<h3>What is a right-of-return privilege?</h3>

A right-of-return privilege can be defined as a special right, advantage or entitlement that is accorded to a customer, which avails them an opportunity to return a product they have purchased.

Since Memorex Disks offers its customers right-of-return privileges, it is expected that it should record a refund liability in the year of the sale i.e recording an allowance for sales returns in the year the sale was made.

Read more on right-of-return privilege here: brainly.com/question/17165436

#SPJ1

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The c++ program to implement the given scenario is shown below.

#include <iostream>

using namespace std;

int main() {

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OUTPUT

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12 45.67 brainly

Reverse order  

brainly 45.67 12

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Explanation:

1. All the variables are declared as mentioned in the question.

int k;

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2. The user is prompted to enter values for integer, double and string variables respectively. The input is accepted in the order mentioned above.

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cout << s << " " << d << " " << k << endl;

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