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dexar [7]
3 years ago
11

Oriole Choice sells natural supplements to customers with an unconditional sales return if they are not satisfied. The sales ret

urns period extends 60 days. On February 10, 2021, a customer purchases $3100 of products (cost $1550). Assuming that based on prior experience, estimated returns are 30%. The journal entry to record the actual return of $160 of merchandise includes a
Business
1 answer:
Vlad1618 [11]3 years ago
7 0

Answer: See explanation

Explanation:

The journal entry to record the actual return of $160 of merchandise includes:

Debit Sales return and allowance $160

Credit Account receivable $160

Debit Returned Inventory $80

Credit Cost of goods sold $80

Note:

Returned inventory was calculated as:

= $160 × (1550/3100)

= $160 × 0.5

= $80

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Answer:

B. Globally conscious.

Explanation:

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The internet revolutionized business, due to the speed in the exchange of information, it was possible for business to expand and integrate, which generated globalization, which is the interaction of businesses between countries in search of competitive and strategic advantages in the global market.

Therefore, it is correct to say that the generation of millennials are more globally aware employees, due to the fact that they have grown up in a cultural and social environment marked by the use of the internet and the availability of information, which makes them more aware about business. global interactions, multicultural interactions and more possibilities to understand the market and contribute to its development.

7 0
4 years ago
If a business has a negative cash flow, the revenue must be _____ operating expenses.
Vlad [161]
<h3>Answer :</h3>

<em>Less than</em>

(If a business has a negative cash flow, the revenue must be less than operating expenses.)

7 0
2 years ago
A strong employer-employee relationship is central to:
Reil [10]

Answer:

The correct answer is letter "D": Both A and B, but not C.

Explanation:

<em>Highly efficient companies</em> are characterized by giving<em> employees resources so they can fulfill their corporate personal achievements and align them with the overall company's objectives</em>. Firms achieve that stage when <em>employees' voice is heard, they have enough freedom to make decisions on their duties, compensation is stable,  and promotion opportunities are available. </em>

<em>All the factors mentioned above increase the corporation's possibilities of boosting their productivity levels which eventually is traduced in higher profits.</em>

5 0
3 years ago
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom
aalyn [17]

Answer:

ROI = Net operating income        x 100

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ROI is the ratio of net operating income to average operating assets multiplied by 100.

3 0
3 years ago
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Kay [80]

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Management is a critical process in any organisation. It prevents wastage and ensures that the goal of the organisation is met appropriately.

3 0
3 years ago
Read 2 more answers
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