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aliina [53]
3 years ago
7

When merchandise purchased on account is returned under the perpetual inventory system, the buyer would debit a. Inventory b. Pu

rchases Returns and Allowances c. Accounts Receivable d. Accounts Payable
Business
1 answer:
Keith_Richards [23]3 years ago
4 0

Answer:

Accounts payable

Explanation:

In accounting, the term accounts payable refers to the money that is owed by a business to its suppliers, in other words, it refers to the business' short-term debts.

When merchandise is purchased on account and it is returned under the perpetual inventory system, the buyer would then debit accounts payable since it is money that the company would owe to the buyer.

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When a firm produces only a single product or service and attempts to sell it to two or more market segments, it avoids
Archy [21]

When a firm produces only a single product or service and attempts to sell it to two or more market segments, it avoids the added costs of developing and creating additional categories of the product. This is an example of one product and multiple market segments.

<h3>What is one product and multiple market segment situations?</h3>

This is a situation where a business targets more than one market at a time using one product.

Multiple-segment marketing is the process of dividing a target market into various segments to that each segment can be targeted using a different approach.

Learn more about one product and multiple market segments at:

brainly.com/question/26826021

5 0
2 years ago
How much must be deposited on january 1, 2014 in a savings account paying 6% annually in order to make annual withdrawals of $30
miv72 [106K]
(30,000 *.9434) + [30,000 * (.9434) (.9434)]
28,302+ (30,000 * .89000356)
28,302 + 26,700.1068
= $55,002.1068
I don’t know if you have to have the decimals that’s why I included them. Hope it helps.
8 0
4 years ago
During fiscal 2016, Shoe Productions recorded inventory purchases on credit of $337.8 million. The financial statement effect of
iren2701 [21]

Answer:

A. Increase liabilities (Accounts payable) by $337.8 million

Explanation:

The journal​ entry will be: Inventory (Credit - Increased) 337,860,000 and Accounts payable (Debit - Increased) 337,860,000.

The company must recognize the increase in the Inventory and the medium of payment (Accounts payable).

B is false because this operationn can also be a decrease in cash, but the amount in the operation is too high for this payment medium.

C is false because, the inventory is not sold, and COSG will be increased when the goods are sold.

D is also false because the inventory is increasing, not decreasing.

6 0
3 years ago
Suppose you invest $20,000 by purchasing 200 shares of Abbott Labs (ABT) at $50 per share, 200 shares of Lowes Companies, Inc. (
nikitadnepr [17]

Answer:

Portfolio return = 0.035 or 3.5%

Explanation:

The portfolio return is a function of the weighted average of individual stocks' returns that form up the portfolio. The formula to calculate the portfolio return is as follows,

Portfolio return = wA * rA  +  wB * rB  +  ...  +  wN * rN

Where,

  • w represents the weight of each stock in the portfolio
  • r represents the return of each stock

First we need to calculate the investment of each stock,

Abbott = 200 * 50 = $10000

Lowes = 200 * 30 = $6000

Ball = 100 * 40 = $4000

Portfolio return = (10000 / 20000) * -0.10  +  (6000/20000) * 0.20  +  

(4000/20000) * 0.125

Portfolio return = 0.035 or 3.5%

4 0
3 years ago
Fenton Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies have
Alona [7]

Since the contract will be drafted under a common law framework, <u>it will be based on tradition, precedent, and custom.</u>

<h3>What is a common law contract?</h3>

Contracts drafted under a common law system give judges the opportunity to interpret disputes using the prevailing situations.  A common law system adjudicates cases based on judicial precedent.  Judicial precedents are established through case law.

Thus, common law contract cases <u>will be based on tradition, precedent, and custom.</u>

Learn more about common laws at brainly.com/question/7803647

7 0
2 years ago
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