Answer:
The Journal entries are as follows:
(i) On April 6,
Cash A/c Dr. $5,000
To Sales $5,000
(To record the cash sales )
(ii) On April 6,
Cost of goods sold A/c Dr. $3,000
To merchandise inventory $3,000
(To record the cost of goods sold)
(iii) On April 12,
Sales return and Allowances A/c Dr. $630
To cash $630
(To record the sales return)
(iv) On April 12,
merchandise inventory A/c[(630 ÷ 5,000) × 3,000] Dr. $378
To cost of goods sold $378
(To record the cost of sales return and allowances
Answer:
The correct word for the blank space is: Timeliness.
Explanation:
Timeliness is a characteristic the Financial Statements must meet by which executives in decision-making positions could be able to read and comprehend what the information reflects on the company's well being so they can take proper action to correct the course of the company or find the way to keep it and improve it.
Answer:
After the borrower's next check.
Explanation:
Overall, the most effective and efficient analgesics are the narcotics. Narcotics are analgesic compounds that have sleep-inducing properties.They are referred to as opiates and opioid analgesics, because of their opatic property. Narcotics result in p<span>ain relief, narcosis and addiction (physical dependence on the drug).</span>
Answer:
Buy the stock because it is underpriced and investor will make money in the near future.
Explanation:
Required rate of return is defined as the estimated return am investor wants to gain for taking on a certain amount of risk when investing in securities.
The higher the risk the higher the required rate of return.
If the expected rate of return exceeds the required rate of return then the investor will consider the share underpriced and experiencing supernormal growth.
For example if a stock has required rate of return as 10% and expected rate of return as 15%, it means that the stock will perform above its peer stock in the market and the price will rise in the future.
