Floods, product failure, change in demand and cost ineffective sales are all examples of a risk. These examples are a possibility for a company loss that will impact the company profit. Therefore, risk analysis is needed that will outline what you are prepared and how you are going to respond to risk.
Answer:
The correct option is D
Explanation:
Textile finishing is the technique in which the processes of chemical and mechanical that is used on fabric after the manufacture but before sewn and cut into garments.
The motive behind the finishing processes is to make the fabric from the knitting frame or the loom which is more acceptable to the customer. So, the wrap knitting is the technique of textile finishing.
Answer:
800,000/600,000=1.33
Profit percentage = 1.33-1=0.33=33%
0.02*800,000=16,000 worth of goods returned
Profit= 0.33*16,000=5280
COGS= 16,000-5280=10,720
Adjusting Entry
Debit Credit
Goods returned 10,720
Profit 5,280
Cash 16,000
Explanation: