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weeeeeb [17]
2 years ago
9

After making a sale, a seller may have customers that return goods. The seller uses the perpetual inventory system. This require

s the seller to _____.
A. reduce sales and cost of goods sold for the period
B. use historical data to record sales revenue in the amount that is expected to be received
C. record two adjusting entries to account for the estimated returns
D. All of the statements are correct.
Business
1 answer:
anyanavicka [17]2 years ago
7 0

Answer:

D. All of the statements are correct.

Explanation:

The Seller requires to

Reduce its sales by the estimated return value and cost of goods sold by the estimated cost value of the units expected to return in the future.

Use historical data of sales and returns and calculate the value of expected return items.

After the estimation of values record the adjusting transaction for the estimated return liability and the inventory to be returna as well.

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The following data were selected from the records of Sykes Company for the year ended December 31, Current Year.
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3 years ago
Cooperton Mining just announced it will cut its dividend from $4.01 to $2.57 per share and use the extra funds to expand. Prior
mina [271]

Answer:

$34.35

The price has fallen from $50.07 to $34.35 which means that Expansion will not be a good option.

Explanation:

Computation for the share price to expect after the announcement

Using this formula

Ke = [ D1 / P0 ] +g

Where,

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P0 = $50.07

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Let plug in the formula

Ke = [ D1 / P0 ] +g

Ke= [ $4.01 / $50.07] + 0.034

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P0 = D1 / [ Ke - g ]

Where,

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g=4.7%

Let plug in the formula

P0= $ 2.57 / [ 0.1140 - 0.047 ]

P0=$2.57/0.067

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3 years ago
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