Answer:
b. Sales return and allowances...500, Accounts receivable...500
Explanation:
Date Accounts & Explanation Debit Credit
Oct 4 Sales return and allowance $500
Account receivable $500
(To record sales return and allowance)
Bitcoin, Equal Dollars, Ithaca Hours, Starbucks Stars, Amazon Coins, Sweat.
Answer:
Net receipt on the check = $2,574
Explanation:
As the merchandise is sold on the basis on credit with therms as follows:
Discount of 1% if payment made within 10 days, and total credit period allowed = 30 days.
As for the given instance the the total sales was amounting to $3,400
Now, from this inventory worth $800 is returned.
Net sales = $3,400 - $800 = $2,600
Thereafter it is provided that payment is made within 10 days that is the discounted period, thus, net cash received against such sales shall be = Net sales - 1% discount of net sales
= $2,600 - ($2,600 1%)
= $2,600 - $26
= $2,574
Answer:
The correct answer is: The functional manager.
Explanation:
A weak matrix project management structure is the type of business organization managed by two executives: the functional manager and the project manager. Both of them work jointly and report to each other accordingly. Out of the two of them, the <em>functional manager </em>is in charge of controlling how work is done within the firm.