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
bulgar [2K]
3 years ago
13

Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company

refunded Montana Industries $900 for returned merchandise. The cost of merchandise sold was $600. Which of the following will be recorded by Global Company in the journal entry for the refund from the cost of the sale?
Business
1 answer:
postnew [5]3 years ago
7 0

Explanation:

The journal entry is as follows:

Sales A/c Dr $900

    To Customer refund payable A/c $900

(Being the refund is recorded)

For recording this given entry, we debited the sales account and credited the customer refund payable account so that the proper positing could be done. Both the accounts are recorded at $900

You might be interested in
In the boston consulting group growth-share matrix, each of the four categories in the matrix represents ______.
Mandarinka [93]

In the Boston Consulting Group growth-share matrix, each of the four categories in the matrix represents a different investment strategy

More about growth-share matrix:

The growth share matrix was developed through teamwork. It was initially drafted by BCG's Alan Zakon, who would later go on to become the company's CEO, and then improved with his colleagues.

Bruce Henderson, the creator of BCG, popularised the idea in his 1970 essay The Product Portfolio. About half of all Fortune 500 businesses employed the growth share matrix when it was at its most successful.

It continues to be a key component of corporate strategy lessons taught in business schools today.

Learn more about growth-share here:

brainly.com/question/26425181

#SPJ4

5 0
2 years ago
The loan department of a financial corporation makes loans to businesses. The costs of processing these loans are often several
Ket [755]

Answer:

Operation costing

Explanation:

Operating costing is the combination of the job costing and the process costing. In this the cost are received for each and every operation rather for each and every process

Since in the given situation it is mentioned that they need some outside services like legal services etc so here the costing system that used for the loan department is operation costing

3 0
3 years ago
If you were analyzing the consumer goods industry, for which kind of company in the industry would the constant growth model wor
12345 [234]

Answer:

Mature companies with relatively predictable earnings

Explanation:

Constant growth model is under the assumption that a company's dividend will grow at a constant rate indefinitely(forever). This makes more sense and hold is appropriate method of valuation for a mature company that has  relatively predictable earnings. Young companies on the other hand have fluctuating earnings making it appropriate to use non-constant growth model to value its dividends.

4 0
3 years ago
Which of the following is considered an order winner in an automobile? Select one: a. A comfortable seating arrangement that is
Vinvika [58]

Answer:

The answer is: D) A good-quality radio particular to that brand of automobile

Explanation:

An order winner is a product´s characteristic that will make a client decide to purchase the product. Order qualifiers are products´ characteristics that makes the product be considered as a purchase option by customers. Order qualifiers are like minimum market standards that products must meet to be able to compete in that market.

In this question the only characteristic unique to the car manufacturer was the good quality radio (order winner). All the other characteristics were similar between brands or car designs.

8 0
4 years ago
Several managers were having a budget meeting. At first, they were all focused on the issues, though there was mild disagreement
Rzqust [24]

The correct option is task; relationship. The first part of this meeting illustrates the task conflict that later turned into relationship conflict.

<h3>How to manage a conflict?</h3>

It is necessary that organizational departments understand the normality of conflicts in the organizational environment, where there are people with different values ​​and personalities. To reduce tensions, it is necessary to strengthen communication, increase employee motivation and create a culture favorable to development.

Therefore, in the organizational environment there are several types of conflicts with different scopes, which can be reduced through the creation of strong personal relationships and clear and objective communication.

Find out more about conflict management here:

brainly.com/question/26675176

#SPJ1

4 0
2 years ago
Other questions:
  • Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy
    7·1 answer
  • During the month of February, Rubio Services had cash receipts of $8,100 and cash disbursements of $9,800. The February 28 cash
    10·1 answer
  • I already used this app so don't need questions idk
    11·2 answers
  • What is the definition of hangry my friend keeps saying it but i dont understand
    15·1 answer
  • A binding price ceiling for apartments (effective rent control) will:
    7·1 answer
  • Marcy is plant manager for Diversified Industries. She and the managers of four other plants report to the vice president in cha
    5·2 answers
  • A stock with a beta of 1.2 has an expected rate of return of 16%. If the market return this year turns out to be 10 percentage p
    6·1 answer
  • 9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what wo
    11·1 answer
  • LaMount works for a company in downtown Chicago. The company encourages employees to use public transportation (to save the envi
    13·1 answer
  • The following information was available for the year ended December 31, 2016
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!