When granting a sales allowance, is there a return of merchandise inventory from the customer? Describe the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
There is not a return of merchandise when a sales all...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
10) The time response of a liquid-in-glass thermometer was tested by plunging it into a container of boiling water and recording the temperature at 10-second intervals over a 2-minute period, The...
-
What account is credited for the return of merchandise inventory when (a) The periodic inventory system is used (b) The perpetual inventory system is used?
-
Provide some examples of transactions that would be recorded in the Other Accounts CR column of the cash receipts journal.
-
We have all experienced workplace or personal changes that required us to adjust our daily actions at work or at home. Select one of the changes below, and explain how you have adapted to that change...
-
Suppose that you are the sales manager for a construction company and you are responsible for securing contracts. As part of the negotiations to construct a new production facility for a customer,...
-
Selzer Equipment Limited sold 500 Rollomatics on account during 2017 for $6,000 each. During 2017, Selzer spent $30,000 servicing the two-year warranties that are included in each sale of the...
-
Consider heat transfer over a flat plate again but now include an additional term due to viscous heating. Show that the similarity method is applicable to this problem as well, and derive the...
-
Ghana is a producer and exporter of crude oil. Since Ghana is a relatively small crude-oil-producing country, its actions do not affect world prices; as an exporter, Ghana faces a foreign demand...
-
What is the coupon rate for a bond with annual coupons that has a face value of $1,000, 7 years to maturity, a current price of $1,101, and a yield to maturity of 8.4%?
-
On December 31, 2015, Martin Corp invested in Marlins 5-year, $200,000 bond with a 5% interest rate for $191,575. The bond pays semiannual interest on June 30th and December 31st. The fair values of...
-
How is the net cost of inventory calculated?
-
What is freight out and how is it recorded by the seller?
-
Consider a position consisting of $100 in stock A and $200 in stock B. Suppose that the daily volatilities of the two stocks are 0.8% and 1.5%, respectively, and the coefficient of correlation...
-
What benefit does an organizsation obtain from using results- level assessment for evaluating its training progams. 1. identifying ways to make the training more enjoyable for participants, 2...
-
What are the classes of information in the information hierarchy?
-
If Ms. James wants to have $8,000 in her account 8 years from now, how much money will she need to deposit every year, starting one year from now, if the interest rate is 9% per year?
-
Who do we reach out to in a company to provide an employee with advice and support regarding career related matters?
-
Rank and Ratings When designing a performance management program, your team begins to discuss the pros and cons of having a talent review calibration process (identifying top performers/creating...
-
Femikin means a female manikin. Determine whether the following definitions are stipulative, lexical, precising, theoretical, or persuasive.
-
Assume Eq. 6-14 gives the drag force on a pilot plus ejection seat just after they are ejected from a plane traveling horizontally at 1300 km/h. Assume also that the mass of the seat is equal to the...
-
Decca Publishing paid $230,000 to acquire Thrifty Nickel, a weekly advertising paper. At the time of the acquisition, Thrifty Nickel's balance sheet reported total assets of $130,000 and liabilities...
-
Biagas, Inc. had net sales of $55,600,000 for the year ended May 31, 2018. Its beginning and ending total assets were $52,800,000 and $98,500,000, respectively. Determine Biagas's asset turnover...
-
Micron Precision, Inc. purchased a computer for $2,500, debiting Computer Equipment. During 2016 and 2017, Micron Precision, Inc. recorded total depreciation of $1,600 on the computer. On January 1,...
-
How do prokaryotes engage in sophisticated social behaviors, such as altruism and kin selection, and what genetic and ecological factors influence the evolution of these traits?
-
N Suppose for the integral T|[a,b] () = f f(x)dx, we approximate it with the midpoint method, which for mesh {x;} where xj = a + , = b-a N j=0 is given by N-1 1 A[a,b] (f) = 5x f (xj+1/2), where...
-
What are the structural and functional complexities of prokaryotic cell membranes, and how do they contribute to processes such as nutrient uptake, osmoregulation, and signal transduction?
Study smarter with the SolutionInn App