The situation when a merchandise is returned for a refund or for credit to be applied to other purchases is called Purchase return inwards.
<h3>Return inwards</h3>
A purchase return as the name implies occurs when the buyer of a merchandise, services, inventory, fixed assets, or other items sends these goods back to the seller.
These purchase returns when excessive can interfere with the profitability of a business, so they should be closely monitored.
Read more on purchase returns;
brainly.com/question/15864970
Answer:
$7,604,500
Explanation:
Total cost of goods sold:
= Cost of goods sold of Patti Company + Cost of goods sold of Shannon Inc.
= $7,500,000 + $160,000
= $7,660,000
Consolidated cost of goods sold:
= Total cost of goods sold - Intra-Entity sales added in cost of goods sold of Shannon Inc. + Unrealized profit on ending inventory eliminated by adjusting cost of goods sold
= $7,660,000 - $60,000 + ($60,000 × 0.25) × 30%
= $7,660,000 - $60,000 + $4,500
= $7,604,500
Smashburger Restaurant Concept is under the stage of GROWTH in product life cycle. They already have 370 corporate and franchise outlet all over the world which operates in 9 different countries. It is the stage wherein they are still expanding and the income is still growing.
Answer:
The correct answer is letter "D": Wal-Mart employed a preemptive strategy.
Explanation:
Game Theory is a branch of Economy that studies the decisions in which an individual could succeed if he or she takes into account the decisions of the rest of the participants involved in the event. Game Theory has also been applied for subjects such as <em>Mathematics, Managements, Psychology </em>or <em>even Biology.
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In the game theory, the Preemptive Strategy is implemented when individuals take a step before other participants in an attempt of having a favorable outcome of the situation. They lead the event using creativity. Thus, <em>Wal-Mart used the preemptive strategy by opening stores in small towns that supported only one discount store.</em>