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2 years ago

Sales returns and allowances are reported on the ______.

Business

1 answer:

labwork [276]2 years ago

5 0

Sales returns and allowances are reported on the <u>Income Statement</u>.

<h3>What is the income statement?</h3>

The income statement is a financial statement wherein the sales revenue and cost of goods sold and operating expenses are summarized in order to obtain the net income.

When reporting the sales returns and allowances on the income statement, they are subtracted from the gross sales to arrive at the net sales.

Thus, sales returns and allowances are reported on the <u>Income Statement</u>.

Learn more about the income statement at brainly.com/question/24498019

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Economists differ in their views of the role of the government in promoting economic growth. At the very least, the government s

Sloan [31]

Answer:

The correct answer is A) Lend support to the invisible hand by maintaining property rights and political stability .

Explanation:

The absence of the government in legislative tasks related to the market is, therefore, one of the main bases of the economic theory developed by Adam Smith throughout his bibliographical work. For Smith, the leaders must deal with other areas of control more focused on defense or justice, leaving the market to its free operation.

The invisible hand presupposes that there is an inertia by which the market and its self-regulation leads individuals to make the best decisions for the majority of the population to achieve well-being. In other words, it is a kind of automatic control mechanism that compensates the actions taken as a whole, regulating social conformations.

Therefore, it is assumed that the self-regulation facilitated to the markets helps to achieve an optimal market. To do this, individuals must behave in such a way that they can act without state mediation and in pursuit of their own interest.

The metaphor of the invisible hand also supposes that individuals are encouraged or held back to produce or not to follow the level of prices that exist in the market. Prices and profits are sufficient indicative to know when to participate in the market or not. Basically, if there is profit in a market niche, this supposes a stimulus for production, while losses lead individuals to quit.

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3 years ago

Firm A and Firm B join to create Firm AB. This is an example of: a tender offer. an acquisition of stock. an acquisition of asse

klio [65]

Firm A and Firm B join to create Firm AB. This is an example of a consolidation

Consolidation :

Business consolidation is a combination of several business units or companies into a single, larger organization. The reasons behind consolidation include operational efficiency, eliminating competition, and getting access to new markets.

What is the process of consolidation?

Consolidation processes consist of the assembly of smaller objects into a single product in order to achieve a desired geometry, structure, or property. These processes rely on the application of mechanical, chemical, or thermal energy to effect consolidation and achieve bonding between objects

What is financial consolidation?

Financial consolidation is the process of combining financial data from several departments or business entities within an organization, usually for reporting purposes. To consolidate is to join things together.

Merger :

A merger is an agreement that unites two existing companies into one new company. There are several types of mergers and also several reasons why companies complete mergers. Mergers and acquisitions (M&A) are commonly done to expand a company's reach, expand into new segments, or gain market share.

Learn more about acquisition of stock :

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1 year ago

Wattan Company reports beginning inventory of 11 units at $65 each. Every week for four weeks it purchases an additional 11 unit

larisa86 [58]

Solution:

Activity Units Units cost Cost of Goods Available

Beginning Inventory 11 $65.00 $715

1st week purchase 11 $66.00 $726

2nd week purchase 11 $67.00 $737

3rd week purchase 11 $70.00 $770

4th week purchase 11 $75.00 $825

Units available for sale 55

Cost of goods available for sale $3,773

5 0

3 years ago

__________ would specify that only selected members of the payroll and human resources department would have the right to change

lara [203]

The correct answer will be an <em>information policy. </em>

Further Explanation:

An information policy is used in many payroll and human resources departments. This gives only certain people in the company rights to change employee data, such as the pay they recieve and social security number. These departments are in charge of the employees sensitive data.

This type of policy is a public law, certain rules, and regulations that help to regulate the use, access, and communication of other employee information in the company. Most of the information policy is for public view depending on the state and company.

Learn more about human resource policies at brainly.com/question/1815336

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6 0

2 years ago

Materials used by the Instrument Division of Ziegler Inc. are currently purchased from outside suppliers at a cost of $1,350 per

ehidna [41]

Answer:

the increase in the total operating income is $33,750,000

Explanation:

The calculation of the increase in the total operating income is given below:

= Material units × (outside supplier unit - variable cost per unit)

=75,000 units × ($1,350 - $900)

= $33,750,000

Hence, the increase in the total operating income is $33,750,000

We simply applied the above formula so that the correct amount could come

And, the same is relevant

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2 years ago