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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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Your company rents computers to local businesses and schools. You have 4,000 computers with a book value of $185,000. As a resul

andriy [413]

Answer:

47,000

Explanation:

Impairment Loss = Book Value − Fair Value

$180,500 − $133,500 = $47,000

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3 years ago

One of the disadvantages of investing in real estate is A) investors need expert help. B) pyramiding. C) equity buildup. D) leve

mixer [17]

There are many disadvantages of investing in real estate and one of it is A) Investors need expert help.

<h3>What is Real estate?</h3>

The investment in property is known as real estate investment. There are many investors who invests in such assets, and earn rentals and capital gains.

The investment in real estate needs expert advice as the person who is the advisor should have the market information so that the perfect price can be quoted in order to purchase or sell an asset.

Learn more about Real Estate at brainly.com/question/27237569

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2 years ago

Calculation of Cost of Goods Sold: Periodic Inventory System with Sales Returns and Allowances

andrey2020 [161]

Answer:

73,450 COGS

Explanation:

From the beginning inventory we add up purchase and freight cost and subtract the return made to the suplier and discount and allowance granted.

This will be the total cost available for sale.

Then we subtract the ending inventory to get the COGS

27,000 beginning inventory

+ 78,000 purchases

+ 350 freight-in

- 3,900 return and allowance

<u>- 6,000 </u>discount

95,450 good available for sale

<u>- 22,000 </u>ending inventory

73,450 COGS

The sales return impact the sales revenue not the COGS

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3 years ago

There are two nations that, using all of their resources, both produce lemon drops and boxes. Nation A can produce either 300 le

In-s [12.5K]

Answer:

I drew the production possibilities frontier curve for both nations, A and B, and attached it.

Explanation:

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3 years ago

A customer buys 1,000 shares of XYZZ stock in a margin account and pays the required 50% margin on settlement date. The customer

expeople1 [14]

Answer:

This request cannot be honored because the securities must be paid for, in full, to process a transfer and ship request

Explanation:

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3 years ago