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Talja [164]
2 years ago
6

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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What is an advantage of a sales force consisting of expatriate sales representatives?
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Answer:

you loose sales

Explanation:

hope this helps

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2 years ago
You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next
laila [671]

Answer: $80 million per year for 25 years

Explanation:

The option you should choose is one that will guarantee you the highest present value.

This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.

The annual payment is an annuity so the present value can be calculated by:

Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years

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7 0
3 years ago
Question 1 of 10
dolphi86 [110]

Answer:

B. A receipt.

Explanation:

A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.

5 0
2 years ago
“the dry cleaner on the corner is an eyesore.” this is a subjective claim because it
Oxana [17]

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4 0
3 years ago
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11111nata11111 [884]

Answer:

Businesses borrow more money.

Consumption increases.

Explanation:

The Federal Reserve is the body responsible for conducting monetary policy in the US. Monetary policy basically consists of two actions. The increase / decrease in the money supply in the economy and the increase / decrease in the interest rate. These actions may happen together, but they are technically independent.

When the Federal Reserve increases the supply of money in circulation, more money is circulated through loans and personal spending. This is considered a policy of stimulating the economy and can be done independently of interest rate changes, although the reduction of interest is also a stimulus monetary policy that can be done in conjunction with the increase in the money supply.

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3 years ago
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