Answer:
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $330,000. During 2021, Halifax sold merchandise on account for $11,800,000. Halifax's merchandise costs is 70% of merchandise selling price. Also during the year, customers returned $345,000 in sales for credit, with $191,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 3% of sales, are recorded as an adjusting entry at the end of the year.
Explanation:
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $330,000. During 2021, Halifax sold merchandise on account for $11,800,000. Halifax's merchandise costs is 70% of merchandise selling price. Also during the year, customers returned $345,000 in sales for credit, with $191,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 3% of sales, are recorded as an adjusting entry at the end of the year.
Answer: Efficiency.
Explanation:
An economy is said to be efficient if the economy is able to make the best use of the available resources found in that economy, in meeting the needs of consumers within the economy and even exporting to consumers found in other economies.
The type of job evaluation that is done if Harriet is hoping to move from grade 8 to 10 is known as job ranking.
Job ranking can be described as a type of classification that is based on the value or the hierarchy of a person in an organization.
All the jobs in the company are ranked based on their worth and the employees are placed on the grade based on their value.
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Murrow had become a big superstar from his WWII reporting, so he was a big ratings asset for CBS. In reserve to See it Now, he also did a celebrity interview show called Person to Person. Both performances got high ratings by today's criteria, but Person to Someone was more popular.
<h3>How did Edward R Murrow end his broadcast?</h3>
The blitz gave Murrow the signature phrases that he used to open and close his broadcasts. He started by saying “This is London.” He completed his reports with “Goodnight and good luck.” That was a phrase Londoners used to end their discussions when they were not sure they'd be able to see each other the next day.
<h3>Who was Edward R. Murrow ?</h3>
Edward Roscoe Murrow was an American broadcast correspondent and war correspondent. He first attained prominence during World War II with a series of live radio broadcasts from Europe for the news section of CBS.
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