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Phoenix [80]
3 years ago
13

Ivanhoe Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales re

turns extends 60 days. On February 10, 2021, a customer purchases $3000 of products (cost $1500). Assuming that based on prior experience, estimated returns are 10%. The journal entry to record the expected sales return and cost of goods sold includes a_____________.a.credit to Refund Liability for $200.
b.credit to Returned Inventory for $100.
c.credit to Estimated Inventory Returns for $100.
d. debit to Estimated Inventory Returns for $100.
Business
1 answer:
liberstina [14]3 years ago
3 0

The journal entry to record the expected sales return and cost of goods sold includes a_____________

a.credit to Refund Liability for $200.

Explanation:

  • Ivanhoe Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns extends 60 days. On February 10, 2021, a customer purchases $3000 of products (cost $1500). Assuming that based on prior experience, estimated returns are 10%. The journal entry to record the expected sales return and cost of goods sold includes a_____________
  • a.credit to Refund Liability for $200.
  • The refund liability shows the amount of consideration that means the company does not expect to be entitled  because it will be refunded to customers.
  • The liability should be represented for the amount of revenue expected to be refunded.
  • Also the returns and refunds are disadvantageous for business for a product.

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Which statement characterizes the perspectives of the definition of done (DoD)? Product Owners focus on the Iteration while Prod
Serga [27]

Answer:

Product Owners focus on Features while Product Managers focus on Stories

Explanation:

Definition of Done can be regarded as

set of items that is been agreed on, which must be completed before any project under Execution can be regarded as been completed. It's when conditions or criteria that a product should be satisfied, accepted by user. Definition of done is crucial for quality to be ensured. Hence, the statement that characterizes the perspectives of the definition of done (DoD) is Product Owners focus on Features while Product Managers focus on Stories

6 0
2 years ago
Henrique Correa's bakery prepares all its cakes between 4 A.M. and 6 A.M.so they will be fresh when customers arrive. Day-old ca
masha68 [24]

Answer:

The optimal stocking level for the bakery is cakes 27.

Explanation:

Cost c = $ 7

Selling price p = $ 10

salvage value s = $ 5

Mean = 25

Standard deviation \sigma = 8

Cu = underage cost

    = p-c

    = $10 - $7

    = $3

Co = overage cost

     = c-s

     = $7 - $5

     = $2

P\leq C_{u}/(C_{u}+C_{o})

P\leq3/(3+2)

= 0.6

By using normsinv() function in excel we to find the correct critical value

The Z value for the probability 0.6 is 0.2533

The optimal stocking level is

=\mu +z\sigma

= 25 + 0.2533 *8

= 27.02

The optimal stocking level of bakery is 27.02

Therefore, The optimal stocking level for the bakery is cakes 27.

8 0
3 years ago
Which one is the correct answer ?
Vinil7 [7]

Answer:

I believe its B.

Explanation:

C and D don't make any sense since it is impractical to suffer during the hot months, and A is wrong (I believe) since the budget needs to be shifted to bring attention to the AC. So by elimination its B.

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The law of Diminishing returns states that as successive units of a variable resource are added to a fixed resource, beyond some point, the marginal product will decline.

<h3>What is the law of Diminishing returns?</h3>

The law of diminishing returns explains that when an investment in a particular area increases there will be a stop at the rate of profit from that investment, after a certain point.

Learn more about the law of Diminishing returns at brainly.com/question/17169713

#SPJ1

4 0
1 year ago
After recently having repairs made to a refrigerator, Tammy has found that it has a new problem. Tammy has an opportunity to buy
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Answer: The cost of the previous repairs.

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