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defon
3 years ago
8

Explain what a debit memorandum is by completing the following sentence. When a buyer returns or takes an allowance on merchandi

se, the (buyer/creditor/seller) issues a debit memorandum to inform the (buyer/creditor/seller) of a debit made to the seller's account in the buyer's records.
Business
1 answer:
olchik [2.2K]3 years ago
7 0

Answer:

buyer; seller

Explanation:

A "debit memorandum" is also known as a "debit memo." It is often a notification to the buyer or customer that <em>debit adjustments</em> were made to their bank accounts.

However, if the buyer returns the goods to the seller due to any reasons (such as damaged goods or incorrect goods), the buyer issues the debit memo. This will notify the seller that a debit has been made to his account in the buyer's records. It also means that <em>the buyer is requesting for a return of funds from the seller.</em>

So, this explains the answer.

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Task identity refers to: Group of answer choices the degree to which a job entails a variety of different activities, requiring
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Answer:

the degree to which a job requires completion of an identifiable piece of work with a visible outcome.

Explanation:

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4 0
3 years ago
Use the information below to answer the following questions. The following units of an inventory item were available for sale du
Oksi-84 [34.3K]

Answer:

Instrctions are listed below.

Explanation:

Giving the following information:

Beginning inventory 10 units at $55

First purchase 25 units at $60

Second purchase 30 units at $65

Third purchase 15 units at $70

60 units of the item were sold.

A) FIFO

Inventory= 15*70 + 5*65= $1,375

B) LIFO

Inventory= 10*55 + 10*60= $1,150

C) Weighted average:

Average cost= (55 + 60 + 65 + 70)/4= 62.5

Inventory= 62.5*20= $1,250

7 0
3 years ago
What is the approximate market value of a $1,000 corporate bond that pays 8 percent interest when comparable bonds are paying 8
Alex

Answer:

C. $1000

Explanation:

The computation of the approximate market value is shown below:

Current yield = Annual coupon payment ÷ market value

8% = ($1,000 × 8%) ÷ market value

8% = $80 ÷ market value

So, the market value is

= $80 ÷ 0.08

= $1,000

Hence, the approximate market value is $1,000

Therefore the correct option is c.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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