Answer:
debit to Returned Inventory for $100
Explanation:
The Journal entry is following below:
1. Sales Returns & Allowance Dr, $200
To Account Receivable $200
(Being sales return is recorded)
Here, we debited the sales return and allowances as it is return and we credited the accounts receivable as it reduces the assets.
2. Returned Inventory Dr, $100
To Cost of Goods Sold $100
(Being returned Inventory is recorded)
Here, we debited the returned inventory as it is return while we credited the cost of goods sold as the expenses is reduced.
Working note
Returned inventory = Actual return × Cost ÷ Customer purchase
= $200 × $1,750 ÷ $3,500
= $200 × 0.5
= $100
Based on financial information, managerial accountants assist businesses in determining when, where, and how much money to spend. Decision-makers can use common capital budgeting indicators, such as net present value and internal rate of return, to determine whether to start expensive projects or acquisitions.
Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting.
The term "managerial accounting" refers to a system of accounting that produces documentation, reports, and statements that aid management in making better judgments about the operation of their company. Internal uses make up the majority of managerial accounting.
Learn more about managerial accounting here
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If there is incentive system linked to quantity of output produced then workers will try to produce as much products as they can, compromising on the quality of product.
The statement is True.
<h3>Incentive system based on Quantity Produced</h3>
There are different incentive systems in a factory. A worker may get rewarded base don quantity produced.
If this is the case then the worker will try to make more products in minimum possible time which can reduce the quality of those products.
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Answer: d. 20
Explanation:
The Money multiplier is the number that new deposits are multiplied with to find out their total effect on the banking system.
It is calculated by dividing 1 by the required reserve ratio.
Required reserve ratio = 0.5/10
= 5%
Money Multiplier = 1/5%
= 20
Answer:
lack of consumer safety
Explanation:
One of the biggest unethical practices that occur during the innovation process is lack of consumer safety. The entire idea of the innovation process is to try and create something truly functional that has not been done before and release it way before any competitor can create a similar product. In this rush to create the product, producers completely ignore many obvious faults that the product may have and/or any dangers it may pose to the consumer as long as the product works as intended.
