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Liula [17]
1 year ago
15

What is the distinction between sales allowances and sales discounts?

Business
1 answer:
kiruha [24]1 year ago
3 0

A sales return occurs when a customer returns merchandise for a refund. A sales allowance is when they keep the problematic item but you reduce the price for them. If customers purchase with credit and make an early payment, a sales discount is a price reduction.

A sales discount is a price decrease that the seller offers in exchange for the buyer paying the vendor in full and on time. This strategy is frequently applied when a seller needs money right away.

A sales discount is a lower price that a company offers on a good or service. Find out how to add discounts to invoices. A sales discount, usually referred to simply as a "discount," offers clients of a business a lower price on one or more of the goods or services being provided.

Learn more about sales discount here

brainly.com/question/7459025

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4
zloy xaker [14]

Usually, a change of course such as the change in this company operation would be outlined in the firm's product vision statement.

<h3>What is product vision statement?</h3>

A product vision statement is a statement that is use as a guide or reminder to all the stakeholders involved in a product's development and also entails the objective they are aiming to achieve.

Usually, the product vision statement will reflect the change if the change of organization course occur.

In conclusion, the change of course such as the change in this company operation would be outlined in the firm's product vision statement.

Read more about product statement

<em>brainly.com/question/25387241</em>

6 0
2 years ago
What does it mean to be a good economic citizen
aleksklad [387]
It means you have the potential to fully dedicate your time and interest in a country’s industry/economic life. Being a good economic citizen represents economic contributions and serves as a good role model to others
8 0
2 years ago
Pearl Corporation reported net income of $49,100 in 2020. Depreciation expense was $17,200. The following working capital accoun
aliya0001 [1]

Answer:

Net operating cash flow   $68,300

Explanation:

Operating cash flow is the amount of cash generated by a company from its main and normal business activity. This cash flow is useful to gauge the financial viability of a firm's business activity; the larger the better.

It is essentially computed as the net movement of cash inflow and outflow in respect of a business activities.

It is computed as follows:                          

                                                                  $

Net income                                              49,000

Add deprecation                                      17,200

Less increase in receivable                    (11.200)

add increase in payables                         <u>13,300</u>

Net operating cash flow                          <u> 68,300</u>

Note that only items that relate to trading which is the core business area of the Pearl Corporation are considered. Depreciation is  added because it is a non-cash item initially deducted from net income.

An increase in receivable means a reduction in cash while an increase in payables implies cash savings

Net operating cash flow   $68,300

3 0
2 years ago
The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance
Hitman42 [59]

$504000 is the actual return

<u>Explanation:</u>

particulars                           calculation Amount

Service cost                                         700000

Interest cost                     600000 * 8 \%        480000

Less: Expected return 10 \% * 5760000    576000

Prior service cost                                    48000

Net loss                                                     30000

Pension expense                                       682000

Therefore, the pension expense is $682000

<u>The computation is as follows for the calculation of return (in $000’s) </u>

<u>Plan assets </u>

Beginning = $5760

Actual return = ?

Cash contributions = 696

Less: Retireee benefits = (624)

Ending balance = $6336

Thus after solving this, we get the actual return that is equal to = $504,000

5 0
3 years ago
Rowan Company has four different categories of inventory. The quantity, cost, and market value for each of the inventory categor
luda_lava [24]

Answer:

The correct answer is that the valuation would decrease total assets and stockholders’ equity by $101.00

Explanation:

Item             Cost                      Market price            Impact

Quantity

1 220 $ 4.40  $ 4.60        no impact as cost is lower

2 130 $ 6.20  $ 6.00 ($6.20-$6.00)* 130=$26

3 100 $ 10.00  $ 9.25 ($10-$9.25)*100    =$75

4 25 $ 20.50  $ 25.00 No impact as cost is lower

The total reduction in the value of inventory as a result of adopting the lower of cost or market price valuation is $101 ($75+$26),hence decreases total assets by $101 and the stockholders' equity(retained earnings which is a component of stockholders' equity ) by the same amount

3 0
3 years ago
Read 2 more answers
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