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2 years ago

If merchandise sold on account is returned to the seller, the seller may inform the customer of the details by issuing a

Business

1 answer:

SIZIF [17.4K]2 years ago

4 0

The seller may inform the customer of the details by issuing a credit memo .

A credit note or credit memo is a commercial document issued by a seller to a buyer. A credit memo serves as the source document for the sales return journal. In other words, the credit is evidence of a decline in sales. A credit is a short form of term credit and is evidence of a reduction in the amount owed by the buyer to the seller on a previous invoice.

A document from the bank to the depositor may also indicate that the depositor's account balance is in a non-deposit event such as B. Collection of the depositor's exchange bill by the bank.

A credit memo lists the products, quantities, and agreed prices for products or services offered by the Seller to the Buyer but not returned or received by the Buyer. May be issued for damaged goods, errors, and repairs.

Learn more about Credit memos here: brainly.com/question/14279491

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Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?

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The Office of Special Education and Rehabilitative Services is the agency responsible for approving a state's special education plan and releasing the IDEA funds accordingly. These offices also help schools understand the services and responsibilities. These services help with those who have a learning disability or need specialized attention/help in school.

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The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour; employees were paid $5.00 per hour.

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Read the excerpt from Queen Elizabeth's Address to the Troops at Tilbury.

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3 years ago

How does implementing change affect strategic relationship management?

HACTEHA [7]

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A it upsets the balance

Explanation:

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3 years ago

Read 2 more answers

You are thinking of building a new machine that will save you $ 2 comma 000 in the first year. The machine will then begin to we

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Answer:

Present Value= $18,181.82

Explanation:

Giving the following information:

Savings= $2,000

The machine will then begin to wear out so that the savings decline at a rate of 4 % per year forever.

Interest rate= 7%

To determine the present value of the savings, we need to use the perpetual annuity formula with the decline rate.

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Cost of goods sold for a merchandising company, direct materials and commissions are all examples of

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For a merchandising company, the cost of goods sold, direct materials, and commissions are <u>variable costs</u>.

<h3>What is a variable cost?</h3>

A variable cost is the cost element that remains constant per unit while the total changes. Other examples of variable costs include direct labor, variable selling and administrative expenses, including commissions and shipping costs.

Thus, for a merchandising company, the cost of goods sold, direct materials, and commissions are all examples of <u>variable costs</u>.

Learn more about variable costs here: brainly.com/question/5965421

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