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2 years ago

When merchandise is returned for a refund or for credit to be applied to other purchases, the situation is called a(n)

1 answer:

4 0

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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You are given the following information: sales, $260; expenses other than depreciation, $140; depreciation expense, $50; margina

masha68 [24]

Answer:

See below

Explanation:

1. The net cash after-tax cash flow effect of the preceding information of using the indirect method.

First, we need to calculate the pretax income.

Pretax income = Sales - Expenses other than depreciation - depreciation expense

Pretax income = $260 - $140 - $50 = $70

Also,

Tax expense = 35% × pretax income $70 = $24.5

Therefore, the indirect method would be;

Pretax income

$70

Less:

Tax expense

($24.5)

After tax income

$45.5

Add:

Depreciation expense

$50

After-tax cash flow

$95.5

Direct method

After tax cash operating income

[($260 - $140 - $50) × (1 - tax rate 35%)]

$45.5

Add :

Depreciation expense

$50

After tax cash flow

$95.5

5 0

3 years ago

Kala's family is shopping for a large screen TV. The TV they decided on has a retail price of $1,000 at four stores. The

omeli [17]

Sorry this is late but here is the answer...

Answer:

Store B.

Explanation:

Kala's family will get more of a discount at store B. Store B has the 10% off while the competitor stores gave "weaker" deals. Store D has a $40 rebate with a tax. So her family won't go there. Rebates aren't the best option because you have to pay the full amount by a certain time where as a discount, you pay everything there on time. So, the answer is B. I hope this helps.

7 0

3 years ago

Read 2 more answers

Assume the company is considering a reduction in the selling price by $10 per unit and an increase in advertising budget by $5,0

ivanzaharov [21]

Answer:

Net Operating income after change is $25,000

Explanation:

Increase in price will increase the sales value, it will increase the contribution margin as well. Increase in advertisement expense will be added to fixed cost. which will decrease the net profit by $5000. Net effect will be $5000 of profit.

Increase in Price = $110 + $10 = $120

Fixed Cost = $30,000 + $5,000 = $35,000

Sales $120,000 1000 units @ $120 100 %

Variable expenses $60,000 1000 units @ $60 50 %

Contribution margin $60,000 1000 units @ $60 50 %

Fixed expenses $35,000

Net operating income $25,000

* Data for the question was missing following data has been used from the similar question

Selling price $110,000 1000 units @ $110 100 %

Variable expenses $60,000 1000 units @ $60 55 %

Contribution margin $50,000 1000 units @ $50 45 %

Fixed expenses $30,000

Net operating income $ 20,000

7 0

3 years ago

Under HIPAA, "retrospective research" (a.k.a., data mining) on collections of PHI generally … A) Is covered by Common Rule/FDA r

Amiraneli [1.4K]

Answer:

C. Is research, and so requires either an authorization or meeting one of the criteria for a waiver of authorization

3 0

3 years ago

Read 2 more answers

Which form of media advertising has seen the sharpest decline in the United States over the last 15 years

sweet-ann [11.9K]

The form of media advertising that has seen the sharpest decline in the United States over the last 15 years is the Newspaper.

The Newspaper used to be very common in the past. It was the most common means of reaching the bigger audience. Apart from its use as a medium of carrying the happenings in the society, it also served as a means of advertising.

The decline in the use of the Newspaper today is partly due to the riser in the use of electronic media. People have moved on past the age of Newspaper. Most topics are now discussed electronically especially through the social media.

8 0

2 years ago