The entries are as follows
<u>To record estimated returns on Sales</u>
Debit: Sales Refund Payable Account $142,800
Credit: Accounts Receivables $142,800
<u>To record estimated Cost of Sales returns</u>
Debit: Inventory Returns Estimated Account $85,400
Credit: Inventory on Sales on Returns $85,400
<u>Explanation:</u>
<u>To derive the figure for Sales Refund payable for the year</u>
7% of $2,040,000
=7/100*2040000= $142,800
<u>To derive the figure for Inventory cost on Sales Refund payable for the year
</u>
7% of $1,220,000
=7/100*1220000
= $85400
What do you need to do with your materials before using them for marketing purposes? Once you develop new marketing materials, the materials need to be submitted for review to make sure they accurately describe and reflect the new items. All marketing materials no matter the company, need to be approved before they are pushed out to the public to gain their target markets interest.
Answer:
Must be offset by an equal increase in liabilities and stockholders' equity
Explanation:
Accounting Equation is stated as :
Asset = Equity + Liabilities
thus
<em>The Left Hand Side must always equal the Right Hand Side.</em>
therefore,
An increase in total assets: must be offset by an equal increase in liabilities and stockholders' equity.
The diffusion of the idea of the hamburger to india but with a vegetable patty instead of the religiously prohibited beef is an example of <u>"Stimulus diffusion".</u>
Stimulus Diffusion is a diffusion in which one individuals gets a culture component from another however gives it another and remarkable shape.
Stimulus Diffusion is a kind of cultural diffusion, which is a procedure in which patterns spread from place to put. Stimulus diffusion is the point at which a pattern spreads to another area or social setting and changes in its new area or setting.
