1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galben [10]
1 year ago
15

using a perpetual inventory system, what is recorded when a customer returns a product and gets the cash back and the product is

put back on the store shelf to be resold?
Business
1 answer:
likoan [24]1 year ago
3 0

A credit to cash, a debit to sales returns and allowances, a credit to inventory, and a debit to cost of goods sold are all recorded.

Perpetual inventory, commonly referred to as continuous inventory, is an inventory management system that uses software to automatically and constantly record each stock movement (such as purchases, returns, consumptions, and write-offs), keeping the system current at all times.

This contrasts with the need to manually update the system on a regular basis when utilizing spreadsheets or paper-and-pencil alternatives.

Barcodes, POS systems, radio frequency identification, and real-time reporting are used by perpetual inventory systems like MRP, ERP, or WMS software to track inventory movements and build a virtual trail of each transaction occurring in the physical inventory. This makes it possible to perform extremely accurate real-time inventory accounting, giving the business a current cost of goods sold at all times.

To learn more about perpetual inventory system from given link

brainly.com/question/25014592

#SPJ4

You might be interested in
Which of the following is the best example of direct-response print advertising?a. An advertorial A mailing from a travel agency
Svetach [21]

Answer:

c. A magazine ad that asks you to call a toll-free number for more information

Explanation:

The direct response print advertising is the advertising in which the customer get the immediate response from the advertiser about the advertisement in which the customer has an interest

Since in the given situation, the third options reflects the direct response print advertising in which the customer called the toll free information and immediately he or she get the response from the advertiser

3 0
3 years ago
Manufacturing overhead applied on the basis of direct labor-hours was $120,000, while actual manufacturing overhead incurred was
e-lub [12.9K]

Answer:

D) Overhead was underapplied by $4,000.

Explanation:

Overhead is underapplied when the actual balance in the manufacturing overhead control account is larger than the balance in the applied manufacturing overhead account.

In this case, the balance of the manufacturing overhead control is $124,000 while the balance of the applied manufacturing overhead account is $120,000. This means that actual overhead costs were $4,000 higher than budgeted.

4 0
3 years ago
How important do you think focus groups are to the eventual success of a new product?
olga2289 [7]

Answer:

Yes

Explanation:

Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs

5 0
3 years ago
(3)____ is not a physical work environment characteristic.
rosijanka [135]

Answer:

shift work

Explanation:

I hope it will help u ....

5 0
3 years ago
Read 2 more answers
Labor unions are organizations of employees formed to protect and advance their members' interests by bargaining with management
gavmur [86]

Answer:

I think that the correct answer is True

8 0
3 years ago
Other questions:
  • In a team, if someone gets stuck with the selected tasks for the iteration, what is the immediate next step?
    6·1 answer
  • You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 1.25 percent per year,
    8·1 answer
  • An investment is acceptable if its irr:
    8·1 answer
  • “Choosing is Refusing” means individuals face an opportunity cost with each decision they make. Explain this further.
    12·1 answer
  • Norman Company manufactures customized desks. The following pertains to Job No. 953: Direct materials used $18,800 Direct labor
    7·1 answer
  • What is the business importance of managing the quality of business processes? Describe two methods of quality management.
    10·2 answers
  • If you had to plan an event or party soon, what would be some suggested themes you would have for a party within the next few mo
    7·2 answers
  • Which type of business is owned by an individual?
    14·1 answer
  • Improvised explosive devices (IEDs) are responsible for many deaths in times of strife and war. Unmanned ground vehicles (robots
    11·1 answer
  • The company’s choice of its name, Plymouth Rock Assurance, and its motto, "More Than Just Insurance," indicates the company is
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!