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Ivan
3 years ago
13

Carla Vista Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sale

s returns period extends 60 days. On February 10, 2021, a customer purchases $3500 of products (cost $1750). Assuming that based on prior experience, estimated returns are 20%. The journal entry to record the actual return of $200 of merchandise includes a:______
Business
1 answer:
vazorg [7]3 years ago
4 0

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

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Marketers often scan social media to learn more about what customers think. __________ is a technique in which data from a varie
IgorC [24]

Answer:

sentiment analysis

Explanation:

Sentimental analysis is the mining of subjective information from a source material (usually social media), this is aimed at understanding the social sentiment the public has about a brand or service.

Sentimental expressions can be positive negative or neutral. For example a statement from a review: 'I really like their services, they make sure you are satisfied with your purchase.' Is an example of positive sentimental expression.

7 0
3 years ago
Elisa was involved in three auto accidents this year. Even though none was her fault, her insurance company increased her rates.
Ket [755]

Your insurance carrier might have to raise your rates to pay for the vehicle's damage or medical if a person involved needs it.

5 0
3 years ago
The Outlet needs to raise $3.2 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds
Pani-rosa [81]

Answer:

14,783.33 bonds

Explanation:

Given

Par value FV = $1000

n =20 * 2 =40

R= 7.80/2 = 3.90%

Price per bond:

price per bond :PV = \frac{FV/}{(1+r)^n}

     = \frac{000}{(1+0.039)^{40}}

      = \frac{1000}{4.619786467}

      = 216.46

No. of bonds to be issued = \frac{amount to raise}{ price per bond}

                                           = \frac{3,200,000}{216.46}  

                                            = 14,783.33 bonds

3 0
3 years ago
When the marginal revenue curve intersects the horizontal axis A. demand is relatively inelastic. B. demand is perfectly elastic
konstantin123 [22]

Answer:

D. demand is unitary elastic.

Explanation:

A unitary elastic demand means that the quantity demanded will change proportionally to any change in the price of the product or service. E.g. price decreases by 10%, then quantity demanded will increase by 10%.

The marginal revenue curve represents the additional revenue generated by selling one more unit. As the marginal revenue curve approaches 0, it means that selling one additional unit generates lower revenues.

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3 years ago
How do i get my phone back after bad grades?
ollegr [7]
Raise your grades up
8 0
3 years ago
Read 2 more answers
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