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matrenka [14]
2 years ago
12

What is the financial impact on a company when a customer returns a product for a​ refund? A. Sales revenue will decrease becaus

e sales revenue will be debited. B. Sales revenue will increase because sales revenue will be credited. C. Sales revenue will not be impacted because the company has already accrued for estimated refunds and returns. D. Returns expense will increase because returns expense will be debited.
Business
1 answer:
andrew-mc [135]2 years ago
7 0

Answer:

The correct answer is A.Sales revenue will not be impacted because the company has already accrued for estimated refunds and returns.

Explanation:

If a customer wishes to return or obtain a refund of any product or service that you have sold and that you have been paid for, you must create and register a sales credit note that specifies the required change. To include the correct sales invoice information, you can create the sales credit note directly from the posted sales invoice or you can create a new sales credit note with copied invoice information.

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Henry conducted a survey on an ad done by his company. In the survey, he asked people to evaluate the ad and state whether they
defon

Answer:

C. rating scale test.

Explanation:

In a rating scale test, respondents are asked by researchers to rate either their products, services, or work on a scale, say one to ten. This type of test is used by researchers when they want respondents to place value on the features,products,service as contained in the questionnaire.

This type of test is also used to assess performance of employees, products,services etc inorder to achieve a particular goal.

Rating scale is also used to get more information about comparisons between two values hence an important survey method.

3 0
2 years ago
Which crime is BEST represented by the following situation?
Shtirlitz [24]

Answer:

The answer is C. Money Laundering

Explanation:

Solution

From the question stated it can be described as a crime of money laundering.

Money laundering involves the use of illegally obtained money for legitimate purposes.

In this scenario, Jeff uses $15,000 from his illegal sales of drug paraphernalia for setting up a toy store. The origin of the money, which was obtained through illegal method was hidden.

Robbery and larceny are examples of theft that involves stealing items of value from another person. Embezzlement is also a kind of theft. It involves withholding of items with the intention of theft .

4 0
3 years ago
How would the Supply of cars change, given an increase in the price of steel.
lana [24]

Answer:

car production would decrease or slow down rapidly due to most car parts being made of steel, such as steering and suspension parts

5 0
2 years ago
A project requires a purchase of $1,000,000 in equipment, inventory will increase by $200,000, and accounts payable will increas
Snezhnost [94]

Answer:

The aggregate investment of the project is $1,000,000

Explanation:

Total or the aggregate investment is the term which is described as the amount of money which a person or a company needed or required to complete the task, work or the project.

In this situation, the project needed a purchase of equipment which is worth $1,000,000 due to which there is increase in inventory as well as increase in accounts payable. Therefore, the total investment amounts to $1,000,000.As the equipment is the necessary item in order to complete the project and due to which the inventory rise and also the equipment is purchased on credit because of which the accounts payable also increase.

4 0
3 years ago
The Securities and Exchange Commission is an example of a​ _____.
galben [10]

Answer:

(A). Federal Administrative Agency

Explanation:

The Securities and Exchange Commission(SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities market.

The Securities and Exchange Commission was created in 1934 to help restore investor confidence in the wake of the 1929 Stock Market Crash.

The SEC is allowed to bring only civil actions, either in federal court or before an administrative judge.

Most of the administrative agencies are under the supervision of the President. Since SEC is an independent body, the President exercises limited power and control over it. But he does play a major role in influencing the activities of such independent bodies.

Thus, The Securities and Exchange Commission is an example of a Federal Administrative Body i.e option (A).

8 0
3 years ago
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