Answer:D. Increasing the allowance for sales returns by an amount that is less than the actual returns recognized for the period may indicate either the company is attempting to increase profit for the period or its estimates that less of its products will be returned in the future.
Explanation:Sale returns is a term used in Financial accounting to mean the adjustments made to the sales due to the actual return of a mechandise by a customer who has made purchase of that mechandise previously.
SALES RETURNS ARE USUALLY RECORDED IN THE "SALES RETURN AND ALLOWANCE" RECORDED IN THE INCOME STATEMENT AS A DEDUCTION.
For a successful sales return to be achieved,it must be accompanied with actual product or mechandise return and refund.
Answer:
D) savings account balances, money market deposit accounts in banks, small-denomination time deposits, and noninstitutional money market fund shares.
Explanation:
M1 includes money in circulation, travellers check, money in checking accounts and money deposited in the banks.
M2 includes m1 + savings accounts, small time deposits, and money markets.
M1 is thenarrow definition of money. M2 is the broader definition of money .
I hope my answer helps you
Answer:
The correct answer is A
Explanation:
Financing activities are those activities which involve the cash payments as well as cash receipts, that relate to the external financing of the business and also involve the obtaining of resources from the owners and repay resources to creditors.
The example of financing activities are repayment as well as borrowing of money, issuance of the securities and payment of dividends.
So, from the above options, the one which is reported as the financing activities in the cash flows statement involve is the payment of interest on the bonds payable.
State taxes
thats what I would say
Answer:
Basic earnings per share = $1.7
Diluted earnings per share = $1.03
Explanation:
Basic earnings per share = (Net Income - preferred dividends)/Weighted average shares outstanding
Basic earnings per share = (1,060,000-108,000)/560,000
Basic earnings per share = $1.7
Diluted earnings per share = [Net Income - preferred dividend]/(outstanding shares+Diluted Shares)
Diluted earnings per share = (1,060,000-108,000) / (560,000+360,000 )
Diluted earnings per share = $1.03
