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
Scorpion4ik [409]
3 years ago
14

The Sales Returns and Allowances account is on the income statement as an addition to Sales. presented on the balance sheet as a

deduction from Accounts Receivable. on the income statement as a deduction from Sales. on the balance sheet as a deduction from Capital.
Business
1 answer:
fenix001 [56]3 years ago
5 0

Answer:

The Sales Returns and Allowances account is on the income statement as a deduction from Sales.

Explanation:

Sales Returns and Allowance account represent the balance of all sales that have been returned by the customers for any reason and discounts given to the customers. It is a contra sales account. It is presented on the income statement only as a deduction from sales. It is not presented on balance sheet. So, the correct option is on the income statement as a deduction from Sales.

You might be interested in
Which type of fiscal policy takes longer to affect the economy: demand-side or supply-side?
11Alexandr11 [23.1K]

Answer:

A.) supply-side

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

A supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.

This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.

Hence, a supply-side fiscal policy is typically designed to create an outward shift in the production possibilities curve (PPC) and shift the aggregate supply (AS) curve to the left.

Generally, a supply-side fiscal policy takes a longer period of time to affect the economy of a country.

5 0
3 years ago
Taylor Inc. has some material that originally cost $65,500. The material has a scrap value of $56,300 as is, but if reworked at
fgiga [73]

Answer:

-$2,350

Explanation:

In this question, we have to compare the cost which is shown below:

If we considered the reworked cost, then the sales would be

= Sales - reworked cost

= $55,700 - $1,750

= $53,950

And the scrap value is $56,300

So, the financial disadvantage would be

= Sales without reworked cost - scrap value

= $53,950 - $56,300

= -$2,350

All other information which is given is not relevant. Hence, ignored it

5 0
3 years ago
Cash and Carry is a store that carries food, clothing, and household goods at lower price margins than other nearby stores. Ther
bagirrra123 [75]

Answer: Discount store

Explanation: As the name suggests, discount store is the store in which the prices of general products are lower than other retail shops.

            These stores makes it possible to provide such discounts by purchasing in bulk from the intermediary, or direct purchase from the producer or by cutting the cost of other services provided.

So, from the above we can conclude that cash and carry is a discount store.

7 0
4 years ago
In long-run equilibrium:
Sonja [21]

Answer:

I think the answer is C.

4 0
3 years ago
What role do values play in making ethical decisions?
Lubov Fominskaja [6]

Values play a central role in ethical decision making.It is because core values are so subjective, they will be relative to the individual who holds them. Not all individuals have the same core values and conflicts about them will often arise.

7 0
3 years ago
Other questions:
  • "Much of the information that allows decision makers to run their organizations effectively in the digital age comes to them in
    5·2 answers
  • Describe an example of an equity investment that can also produce income. (1-3 sentences)
    14·1 answer
  • Royal Bank common shares pay dividends annually. They just paid a​ $1.50 dividend. Stock holders require a return of​ 12%. Royal
    13·1 answer
  • On December​ 31, Year​ 10, Brown Company changed its inventory valuation method from the​ weighted-average method to FIFO for fi
    9·1 answer
  • A website that sells wedding dresses targets ads to (1) women (2) ages 22 to 35 (3) actively searching for a wedding dress (4) w
    9·2 answers
  • Alan tries to make life easy on his employees by telling them exactly what to do and how to do it. he believes that most of his
    6·1 answer
  • Assume that the building the company wants to build is a manufacturing plant and that it was going to be built in a semi-residen
    11·1 answer
  • Brainly Plus is awful.
    9·2 answers
  • What system is based on the supply and demand of goods to make a profit?.
    11·1 answer
  • What should a consumer consider when deciding whether to purchase health insurance?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!