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Yuki888 [10]
3 years ago
8

Samantha is the store manager of a sporting goods store. A customer came in to return a fishing reel because the reel did not wo

rk properly. In what type of account will Samantha record this transaction?
Business
1 answer:
Arturiano [62]3 years ago
8 0
The type of account Samantha should recod the transaction is the contra account.
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Ghella [55]

According to the cost of poor quality, this cost belongs to Internal failure cost which is associated with product failures.

What is Internal failure costs?

Internal failure costs are quality expenses related to product defects found before a product leaves the facility. The firm's internal inspection procedures help identify these shortcomings. Failure analysis activities, product rework expenses, product scrapped, and throughput lost are a few examples of internal failure costs. Internal failure costs result from defects found prior to delivery. These cover all expenses incurred as a result of failing to satisfy both internal and external consumers.

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11 months ago
Tons Beauty LLC uses the double-declining balance method for depreciation on its computers. Which item is not needed to compute
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Answer:

Residual or salvage value isn't needed in the calculation of deprecation expense using the double declining method.

Explanation:

Deprecation expense using the double declining method = [2 ×(1/useful life)] × cost of the asset

I hope my answer helps you

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3 years ago
The negative effect of innovative ride-sharing services, such as Uber and Lyft, on traditional taxi cab companies is an example
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3 0
1 year ago
A monopolist has the total cost function c(q) = 750 + 5q. The inverse demand function is 140 - 7q, where prices and costs are me
Ierofanga [76]

Answer:

d. the firm will lose $750

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marginal cost is the derivate of the cost function: It represent the cost of producting an additional unit

cost: 750 + 5q

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We have determinate that marginal cost is $5 thus, we should price at the same value. The mistake from the goverment is to equalize marginal cost with price instead of marginal revenue.

This will make the firm loss the fixed component of the cost as will sale to pay up the variable cost.

The fixed cost is $750 so that is the loss from operations

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