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
sladkih [1.3K]
4 years ago
7

The entry to record returned merchandise to Vans Company is which of the following?

Business
2 answers:
timofeeve [1]4 years ago
8 0
Debit Accounts Payable; credit Purchases
lukranit [14]4 years ago
5 0

Answer:

The correct answer is:

Debit accounts payable, in the accounts payable subsidiary ledger, debit accounts payable in the general ledger, or credit purchases.

Explanation:

Returned merchandises are registered in the income statement. They reduce the revenues, the accounts receivable, and the accounts payable.  For example, we might find it suitable to register them in the debit accounts payable to make a cleaner paper instead of adding them in the credit purchases because they could mix with elements that are important there, like purchasing operations. So, we need to identify the place we want to register the returns, considering the knowledge of the people that could review the books to not make it hard for them.

You might be interested in
The process of observing and assessing employees' performance, recording the assessment, and providing feedback to the employee
OlgaM077 [116]

Answer:

C. performance Appraisal

Explanation:

Performance appraisal refers to an evaluation in the performance or activities of an employee done in order to understand the capacity of the employee and to point out areas for further growth and development. It involves the evaluation of employees in relation to projects or task in which the employee worked on and its contribution to the growth and development of the organization. It involves accessing, recording and providing feedback of an employee performance.

3 0
3 years ago
When making contingency estimates, the contractor should Select one: a. estimate the amount to mitigate high impact and probable
coldgirl [10]

Answer:

a. estimate the amount to mitigate high impact and probable issues.

Explanation:

In project management, a contractor can be defined as an individual or organization that temporarily undertakes a project in order to create a unique result, product, and service.

A contingency is an amount of money which is added to the initial or standard cost estimate so as to cover risk exposure and any uncertainty.

When making contingency estimates, the contractor should estimate the amount to mitigate high impact and probable issues.

As a result of uncertainties that are peculiar to everything in life, most especially projects undertaken, it is very important and necessary that the contractor should set aside an amount of money to mitigate or lessen any high impact such as dwindling prices, miscellaneous, faults, repairs and other probable issues that may arise in the process of execution.

6 0
3 years ago
The first step in creating your personal marketing plan is to conduct a career audit.
djverab [1.8K]

Answer:Personal marketing plan 1. Outline your distinctive price proposition. In selling, a press release that addresses distinctive variations between like product is thought as a “value proposition”. Triple-crown sales individuals knowledge to elucidate w

Explanation:

6 0
3 years ago
On December 31, Strike Company has decided to sell one of its batting cages. The initial cost of the equipment was $274,817.00 w
ella [17]

Answer:

$17,863.11

Explanation:

The carrying amount or net book value of an asset is the difference between the historical cost of the asset and the accumulated depreciation. When an asset is disposed, this carrying amount has to be derecognized and the proceed from the sale recognized. The difference between these two amounts is the gain/loss on disposal.

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal.

Carrying amount = $274,817.00 - $261,076.15.

= $13,740.85

Gain/(loss) on disposal

= $31,603.96 - $13,740.85

= $17,863.11

4 0
3 years ago
When making an attribution, dan considers how his roommate has behaved in similar situations in the past. dan is using _______ i
Gekata [30.6K]
When making an attribution, Dan considers how this roommate has behaved in similar situations in the past. Dan is using consistency information. 

Information consistency refers to the same thing, being consistent, that even though something may be slightly different the outcome remains the same. In this case, Dan is assuming his roommate will make the same behavior choices as he has previously. 
7 0
3 years ago
Other questions:
  • Your average bid id us$10 and you've enabled enhanced cost-per-click bidding (ecpc). assuming you haven't set any bid adjustment
    8·2 answers
  • After a year of mentoring, Andrew is starting his own bakery. He has listened to all of his mentor’s advice, especially about de
    8·1 answer
  • Calculate the material and labor variances.
    10·1 answer
  • You are negotiating to make a 7-year loan of $37,500 to Breck Inc. To repay you, Breck will pay $2,500 at the end of Year 1, $5,
    13·1 answer
  • Evaluating an advertising campaign is the simplest part of the advertising process because the factors that determine the effect
    9·1 answer
  • The Company is in the process of evaluating a new product using the following information: ∙ A new transformer has three product
    11·1 answer
  • Using _____ requires gathering a lot of information about customers’ preferences and shopping patterns, and some customers get i
    5·1 answer
  • The free cash flow to the firm is reported as $205 million. The interest expense to the firm is $22 million. If the tax rate is
    7·1 answer
  • Discount loan. ​ Up-Front Bank uses discount loans for all its customers who want​ one-year loans. ​ Currently, the bank is prov
    6·1 answer
  • The 1990s was a period of rapid economic growth and a robust stock market that yielded an average annual return of 18.6%! If you
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!