A company has been successful in reducing the amount of sales returns and allowances. At the same
Question:
A company has been successful in reducing the amount of sales returns and allowances. At the same time, a credit card company reduced the credit card discount from 3 percent to 2 percent. What effect will these changes have on the company’s net sales, all other things equal?
a. Net sales will not change.
b. Net sales will increase.
c. Net sales will decrease.
d. Either (b) or (c).
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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