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.
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Answer:
Decentralization
Explanation:
It is a process through which the authority of an organization is delegated to lower managers. The lower managers are given more responsibility which is the opposite of the centralization in which the decision making power is concentrated in the hands of a few people. The top-level managers take all the decisions in the organization with centralized authority.
In decentralized authority, lower managers can decide on their own as long as it is in sync with the overall goal of the organization, but the authority to take static decisions and control and coordination remain in the hands of top-level managers.
Answer:
$97,600
Explanation:
First, we need to get the value for uncollectible in accounts receivable
= 2% Multiplied by balance in accounts receivable as uncollectible
= 2% × 100,000
= $2,000
We will then subtract the balance above which is the uncollectible from the accounts receivable
= $100,000 - $2,000
= $98,000
The net realizable value would the be ;
= $98,000 - $400
= $97,600
Structures are derived data types, they are constructed using objects of other types
Answer:
see below
Explanation:
A firm may either opt to shutdown or declare bankruptcy if its making losses. A shutdown will involve ceasing operations and disposing of assets to pay creditors. Declaring bankruptcy shields the business from debt obligations or seizing of assets by its creditors.
Many businesses opt to declare bankruptcy because shutting down is costly. Except for properties, other assets are likely to be liquidated at costs below their book value. With the burden of debts shelved for some time, a business has a chance of bouncing back to profitability. A loss-making firm whose price is above the average variable cost should continue operating.
