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kramer
3 years ago
7

On January 21, 2019, Cressent, Inc. received merchandise from Neptune, Inc. On that date, Cressent found a few of these goods to

be damaged. On January 22, Cressent returned the damaged goods to the seller. Such returns will be treated as ________ by Cressent.
a) sales allowances
b) sales returns
c) purchase allowances
d) purchase returns
Business
1 answer:
IgorLugansk [536]3 years ago
7 0

Answer:

d) purchase returns

Explanation:

We are working for Cressent, we are asked for the point of view of Cressent.

The orignal transactions is purchase from Neptune therefore, is some units are damaged or simply unwanted we are facing a purchase return.

The sales returns will be from Neptune point of view.

Allowances refers to discounts on the nominal or list price. It do not related to returned goods.

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Companies having the greatest impact on the computation of the Dow Jones Averages and the Standard & Poor's Indexes have the
Softa [21]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Highest price; highest total market value

b) Highest total market value; highest price

c) Highest price; lowest liquidity

d) Greatest number of shares outstanding; highest price

And the correct answer is the option B: Highest total market value; highest price.

Explanation:

To begin with, both terms the Dow Jones Averages and the Standard & Poor's are indexes for the respective american stock market in where the better companies of the country are in the list so that why that mostly of them will obviously have the  highest total market value and its respectively highest price due to the fact that are the companies that produce more and work better than others and the public buy stocks from them and that makes them richer and richer.

3 0
3 years ago
During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends
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Date               Account title                      $Debit                  $Credit

Dec 31            Wages Expenses               4800

                       Wages Payable                                              4800

                          (to record accrued wages)

Jan 06             Wages Payable                 4800

                        Cash                                                              4800

                        (to record payment of wages in cash)

An accounting period, in bookkeeping, is the length with reference to which management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided via management. monthly accounting periods are common.

An accounting duration is the time frame for which a business prepares its financial statements and reports its financial performance and position to external stakeholders. this could be after three, six, or twelve months. The accounting period usually coincides with the business's fiscal year.

learn more about the fiscal year here brainly.com/question/15982144

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6 0
2 years ago
Under purchasing power parity, the future spot exchange rate is a function of the initial spot rate in equilibrium and a. the in
kirza4 [7]

Answer:

The correct answer is a) the inflation differential.

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Inflation differential is the difference we can find between two countries in exchange rates. The inflation differential can produce losses for the company if, in the country you want to buy, there is a big difference in your exchange rate, since this raises the prices of the product. As a result, the company has a loss; it can also happen if It is a case of exports.

If the inflation differential is maintained for an extended period, it can cause loss of competitiveness, since the profit margin of the products would be affected.

<em>I hope this information can help you.</em>

6 0
3 years ago
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Answer:

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