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: It would either be A or D.
Explanation:
because an oral presentation is a presentation that presents research and statistical information and a slide presentation could do the same but an oral presentation might show more statistical information and a slide might present more research, but if I had to choose one that might be the answer I would say Oral presentation since that's the most common way of presenting research of a topic
Answer: d. The production activities in the first stage and the unit of product in the second stage
Explanation:
Activity based Costing is primarily a method of assigning indirect costs like administrative expenses to the goods and services manufactured by a company by basing it on the activities of the company.
With Activity Based Costing, the company aims to figure out how much these aforementioned activities cost first and then calculating the cost per unit in the second stage by assigning cost per level of activity.
Answer:
PV = $9,245.56
Explanation:
Giving the following information:
Future value (FV)= $10,000
Number of periods (n)= 2 years
Discount rate (i)= 4% = 0.04
<u>To calculate the present value (PV), we need to use the following formula:</u>
<u></u>
PV = FV / (1 + i)^n
PV = 10,000 / (1.04^2)
PV = $9,245.56
Answer:
Sales less variable production, variable selling, and variable administrative expenses.
Explanation:
On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.
Contribution margin =
sales revenue - total variable cost
the fixed cost are listed below the contriution,
once subtracted from the contribution, the rest is the net income.
