The situation when a merchandise is returned for a refund or for credit to be applied to other purchases is called Purchase return inwards.
<h3>Return inwards</h3>
A purchase return as the name implies occurs when the buyer of a merchandise, services, inventory, fixed assets, or other items sends these goods back to the seller.
These purchase returns when excessive can interfere with the profitability of a business, so they should be closely monitored.
Read more on purchase returns;
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Answer:
an applicable Good Samaritan statute.
Explanation:
Good Samaritan law protects those that act to help someone the perceive to be injured, ill, in peril, or incapacitated.
This law was put in place to protect bystanders that want to help a person that is injured. They will not be held liable in case of wrongful death or unintentional injury.
So the suit against Elise for negligence by the Forest Trail Marathon participant is not enforceable as she is immune from liability under the good samaritan statute.
Answer: The buzzword to be used is <u>synergy</u>
<u>Explanation:</u>
Synergy means that two or more than two organisations combine their efforts. They decide to cooperate with each other so that they can produce better results compared to what they produce when they are separate.
When one company decides to merge with the other company, they decide to combine their resources. They take combined decisions so that they can work for their own betterment and to improve the productivity.
Answer:
That´s so cool...... don´t forget to be thankful you have a car
Explanation:
Answer:
The journal entry is as follows:
Retained earnings A/c Dr. $18 million
To common stock $0.30 million
To capital paid in excess A/c $17.70 million
(To record the stock dividend issued at 1%)
Working notes:
Shares issued = 1% of 30 million
= 0.30 million
Retained earnings:
= 0.30 million × $60 per share
= $18 million
Common stock:
= 0.30 million × $1 par value
= $0.30 million
Capital paid in excess:
= Retained earnings - Common stock
= $18 million - $0.30 million
= $17.7 million