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poizon [28]
3 years ago
5

Bramble Corp. records purchases at net amounts. On May 5 Bramble purchased merchandise on account, $92000, terms 2/10, n/30. Bra

mble returned $6200 of the May 5 purchase and received credit on account. At May 31 the balance had not been paid. The amount to be recorded as a purchase return is
Business
1 answer:
Ostrovityanka [42]3 years ago
6 0

Answer:

$6,076

Explanation:

the journal entries are:

May 5, merchandise purchased on account

Dr Purchases 90,160

    Cr Accounts payable 90,1600

May ?, defective merchandise returned

Dr Accounts payable 6,076

    Cr Purchases returns 6,076

When a company uses the periodic inventory system, it will use the purchases returns account to record any merchandise returns. When it uses a perpetual system, the merchandise inventory account is directly debited (when a purchase is made) or credited (when merchandise is returned).

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4 0
3 years ago
"Emergency contact must be someone other than the primary parent/guardian.", who should an emergency contact be?
pishuonlain [190]

Answer:

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5 0
3 years ago
Read 2 more answers
The kinds of factors that might be reviewed when considering the "economic" aspect of the pestel include
Law Incorporation [45]

The available options are:

A. Changes in disposable income per capita

B. Changes in the average age of different consumer groups

C. Judicial outcomes that impact product liability within an industry

D. The election of a conservative congress

E. Changes in the speed of internet communication capabilities

Answer:

A. Changes in disposable income per capita

Explanation:

Considering the available options, the kinds of factors that might be reviewed when considering the "economic" aspect of the pestel include "Changes in disposable income per capita."

This is because, it is an option that depicts ECONOMIC instead of a socio-cultural, political, or technological factor.

PESTEL is an acronym for Political, Economic, Social, Technological, Legal and Environmental factors.

4 0
4 years ago
Which pair is an example of products in complementary (joint) demand?
Travka [436]
Answer: B) cars and petrol
4 0
3 years ago
When should you write the introduction and overview portion of your business plan?
Svetlanka [38]
Typically, a business plan would follow the same format as a thesis or a research paper. You will start with the introduction, the body, and the conclusion, then fill them up with subheadings. So the introduction and overview portion of your business plan will be written before anything else. The introduction or overview of a business plan is usually the industry overview or the background. This will give an idea first of the industry that you want to enter and how your business fits in. 
6 0
4 years ago
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