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ddd [48]
2 years ago
6

Sales returns A) Refer to merchandise that customers return to the seller after the sale B) Are related to purchase discounts C)

Refer to reductions in the selling price of merchandise sold to customers D) Represent trade discounts E) Represent cash discounts
Business
1 answer:
Lisa [10]2 years ago
5 0

Answer:

A) Refer to merchandise that customers return to the seller after the sale.

Explanation:

Option B is wrong because the sales return comes from customer selling while a purchase discount is given to the customer.

Option C is wrong because the sales discount can reduce the selling price of merchandise sold to customers.

Option D is wrong because the trade discount helps to the customer so that they can give less payment during purchase or sales.

Option E is wrong because the cash discount is given to customers to encourage early payment.

Option A is correct because when the customer returns the products to the seller after the sale is called sales returns.

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an employee of a company is being paid to assist in the sale of stock options to the company's employees and will recieve a bonu
DENIUS [597]

Answer:

An employee of a company who is being paid to assist in the sale of stock options to the company's employees  and receives a bonus based on sales                  results is referred to as an Agent. This is in accordance with Uniform Securities Act.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

Explanation:

The Uniform Securities Act refers to an employee of a company who is paid to assist in the sale of stock option to the company's employees and receives a bonus based on sales results as an agent. Such an employee is required to register with the state.

3 0
3 years ago
(Cash dividends) Marshall Pottery Barn is a privately owned importer of Mexican pottery and garden supplies. The firm plans on p
zhannawk [14.2K]

Answer:

A.The impact on the balance sheet after the payment of the dividends is a reduction in current asset-cash by $8580 as well as a drop in equity-specifically retained earnings by the same amount.

B.Total assets (book and market values) will decrease by $8580 and equity and liabilities on the other hand will also reduce by $8580.

A.The accounting entries in respect of the dividend payment will be :

Debit Retained earnings $8580

Credit Cash                                       $8580

Explanation:

The dividends of $1.43 gives $8580 in total i.e $1.43*6000 shares

The impact of the dividend payment will be in terms of reduction in cash available for daily operations and reduction in funds attributable to shareholders.

3 0
3 years ago
The City of Southern Pines maintains its books so as to prepare fund accounting statements and records worksheet adjustments in
Andrei [34K]

Answer: The answer has been attached

Explanation:

The journal is a book in accounting that is used to record the transactions that affect a business. It should be noted that the double entry method of bookkeeping is utilised while recording in a journal.

The journal has been attached in the following way:

1. The journal was used to record the balance sheet particulars.

2. To record the transaction in the internal service fund that is external to the government.

3. To record the internal service fund in the government-wide statements as a part of governmental activities.

It should also be noted that the net income of $84,000 was to be shared as one-third to general government, one-third to public safety, and one-third to public works. This means they'll all receive ($84,000/3) = $28,000 each.

Further explanation can be found in the attached file.

3 0
3 years ago
In a market with 1,000 identical firms, the short-run market supply is the
kompoz [17]

Answer: Option(a) is correct.

Explanation:

Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.

In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.

Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.

8 0
3 years ago
Souped Inc., a firm that manufactures ready-to-eat soups, offers incentives based on an employee's performance rating and the em
mel-nik [20]

Answer: B -Merit Pay

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Merit pay is a good performance compensation policy which helps to boost employees performance and there by increasing a company's overall goals of profit making.

Merit pay is a very good incentive which gives employees a sense of belonging in an organisation. it helps employees boost their moral as they are sure that their efforts will be well compensated by the organisation.

5 0
3 years ago
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