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nlexa [21]
3 years ago
9

ADRIAN CORP. SELLS GOODS ON ACCOUNT FOR $100000 ON MAY 1. ON MAY 15, THE CUSTOMER RETURNS $40000 OF THE MERCHANDISE. THE CUSTOME

R HAS NOT YET PAID FOR ANY OF THE GOODS. WHAT WILL ADRIAN RECORD ON MAY 15?
A. CREDIT TO ALLOWANCE FOR SALES RETURNS
B. DEBIT TO SALES EXPENSE
C. DEBIT TO SALES RETURNS
D. CREDIT TO ACCOUNTS RECEIVABLE
Business
1 answer:
ivanzaharov [21]3 years ago
6 0

Answer:

D. CREDIT TO ACCOUNTS RECEIVABLE

Explanation:

Sales return is the transaction of return of goods by customer which is sold earlier. It is posted in a contra sales account and the receivable will be reduced if sold on credit otherwise cash will be refunded.

The Entry for sales return will be as follows

Dr. ALLOWANCE FOR SALES RETURNS $40,000

Cr. Account Receivable $40,000

So the correct answer is D. CREDIT TO ACCOUNTS RECEIVABLE

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Emily Boyce, a project manager at an insurance firm, regularly satisfices while making decisions. She often comes across complic
grigory [225]

Answer:

B) search for solutions that are reasonable

Explanation:

When Emily solves her work problems by satisficing a large number of decisions, it means that she makes the decisions that are barely adequate to solve the issues. She doesn't take the time to make the best possible ones. Since she has a very tight work schedule, she doesn't have the time to search all the necessary information nor to search all the possible options. She doesn't have the time to analyze which alternative is best, she will take whatever option she finds first.

3 0
3 years ago
Deltra was willing to purchase a dozen cookies for $60 that Deirdre was willing to sell for anything more than $32. If they agre
likoan [24]

Answer:

$28

Explanation:

The computation of the total value that would be created in the exchange is shown below;

The Deltra surplus is

= Purchase value - agreed price

= $60 - $36

= $24

And, the Deirdre surplus is

= Agreed price - willing to sell

= $36 - $32

= $4

Now the total value created is

= Deltra surplus + Deirdre surplus

= $24 + $4

= $28

5 0
3 years ago
The new bridge would require 14 piers to support it and it was known that each time a pier is sunk into the harbor it would take
Sergeu [11.5K]

Answer:

$21,000

Explanation:

The new bridge would take 30 man hours of labor at $50 per hour, in activity based costing, this means that ,

30*50 = 1500.

Now, it will require 14 piers to support it each time a pier is sunk into the harbor,hence the final calculation will be:

30*50*14 = 21000.

Hope this Helps.

Goodluck.

6 0
3 years ago
What type of life insurance are credit policies issued as?
trasher [3.6K]
<span>They are considered decreasing term policies. In these policies, the benefits usually decrease over the life of the policy: that is, the closer one gets to the end of the policy term, the less the benefit will typically be. At the end of the term, there is no option to renew for the same premiums, and the policy simply expires.</span>
6 0
3 years ago
The relationship between employer and employee can be thought of in terms of a(n) ____, a description of what an employee expect
nydimaria [60]

Answer:

The answer is: psychological contract

Explanation:

Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.

8 0
3 years ago
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