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
Reika [66]
3 years ago
12

Tom's Textiles shipped the wrong material to a customer, who refused to accept the order. Upon receipt of the material, Tom's wo

uld credit accounts receivable and debit A) Sales. B) Sales discount. C) Sales returns.
Business
1 answer:
lina2011 [118]3 years ago
6 0

Answer:

C) Sales returns.

Explanation:

A sales return is an actual return of merchandise inventory by a customer for any reason. The sales return account is a contra sales account, due to its debit nature it is adjusted into the sales value to calculate net sales. As the sales were recorded by the Tom's Textiles so, the return will be classified as sales return.

You might be interested in
Generally accepted accounting principles require that companies use the ____ of accounting.
White raven [17]

Answer:accrual basis

Explanation: the need the truth on the accounting princess so it has to be to accrual basis

3 0
2 years ago
Taubestan produces nearly 97% of the quinoa consumed around the world, and most of it is sold to wealthy nations. Although there
kaheart [24]

Answer:

The correct answer is letter "A": absolute advantage.

Explanation:

Absolute Advantage is an individual company, or country's ability to produce a good or service at a lower cost than any competitor. An organization with an absolute advantage requires fewer inputs or more efficient processes that allows the firm to lower prices and earn higher profits compared to its rivals.

5 0
3 years ago
What is the equation of inventory turnover?
Ilia_Sergeevich [38]
The equation<span> for </span>inventory turn over <span>equals the cost of goods sold or net sales divided by the average </span>inventory<span>.</span>
3 0
3 years ago
The difference between standard costs and budgeted costs is that standard cost refers to a single unit while budgeted costs refe
aleksandrvk [35]

Answer:

"While budgeted costs refer to the cost, at standard, for the total number of budgeted units. "

Explanation:

The first sentence would be the correct one

The budget consist of get the revenues and costs for the business using the standard measurement for one unit.

Please be more clear in future questions, thank you =)

4 0
4 years ago
How will you close skill gaps between what you feel you possess and what employers perceive you have? Multiple Choice be motivat
Mazyrski [523]
<h2>Be motivated to learn</h2>

Explanation:

be motivated to learn : This would be right choice. The reason is that, the gap is because we need to learn some more to reach the expectation of employer. So learning should be life long.

share diverse experiences: Sharing experience does not fill the gap, only proving fills it.

have a high level of energy and an orientation toward action: This seems to be closer, but learning stands first and then putting into action.

believe in personal control of destiny: Self-belief is always essential, but only learning can fill the gap.

seek high levels of achievement: High level of achievement can be done only through learning.

6 0
3 years ago
Other questions:
  • Using the average score to describe a sample is an example of _____.
    15·1 answer
  • When you first start out you should expect to make less money than you will later because?
    5·1 answer
  • Compare and contrast the role of management, as reflected by management theory, in the 20thcentury organization with the role of
    9·1 answer
  • Which of the following statements is true regarding a cross-functional team?A) A cross-functional team is made up of employees f
    13·1 answer
  • The unemployment rate in Economy X when it is growing normally is 5%. When Economy X is in a recession, the unemployment rate is
    13·1 answer
  • This year Randy paid $28,000 of interest. (Randy borrowed $450,000 to buy his residence, which is currently worth $500,000.) Ran
    8·1 answer
  • Mr. and Mrs. Sloan incurred the following expenses during the current year, when they adopted a child: Child's medical expenses
    9·2 answers
  • The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design th
    5·1 answer
  • Gather secondary data by reading what others have experienced and observed. You should begin nearly every research project by re
    12·1 answer
  • Which of the following statements does not describe a motivation by the buyer or seller in the acquisition or sale of a company?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!