Answer:
Debit Accounts Payable, and Credit Purchase Returns and Allowances
Explanation:
The adjusting entry is shown below:
Account Payable A/c Dr
To Purchase Returns and Allowances
(Being return of goods is recorded)
Since the goods are purchased on credit, and due to some issues the goods are returned So, the account payable account should be debited and the purchase return and allowances should be credited.
Answer: d. Dynamic pricing strategy
Explanation:
The companies mentioned above are increasingly turning towards Dynamic pricing in order to maximize sales and therefore increase profitability.
Dynamic pricing refers to a strategy where goods are priced at the optimal price based on the conditions at the time. In other words, it involves trying to sell at a price that is cheapest for the customer based on factors such as consumer willingness to pay, competition and others.
Prices can therefore change multiple times in as little a period as a day just to ensure that customers buy the goods being offered.
Answer:
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Answer:
Theory of production, in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw material, fixed capital good, etc., that it employs (its “inputs” or “factors of .
Explanation:
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