Answer:
The correct options are<em> (B). Provide information about dissatisfied customers and the possibility of lost future sales and (D). Are usually recorded in separate contra-revenue accounts.</em>
<em />
<em>From the foregoing the Account Receivable should be credited with the full amount of the original sales transactions not debited as provided in option </em><em>"A." Represent a reduction of the customer's account receivable.</em>
Explanation:
<em>Sales Returns and Allowances is a contra-revenue account deducted from Sales</em>. When customers return goods for one unsatisfied reason or the other, adjustments are made to the sales account. Likewise, deductions to the original selling price are made when the customer accepts defective products.
<em>How to Record the Sales Return Transaction
</em>
<em>The following under-listed steps are to be taken to make the appropriate entries:</em>
- Debit sales returns and allowances by the selling price.
- Debit the appropriate tax liability account by the taxes collected on the original sale.
- Credit cash or accounts receivable by the full amount of the original sales transaction.
Answer:
The correct answer is option B.
Explanation:
The value of price elasticity of demand will be the same if the quantity of tickets changes from 1 to 8 and 1,000 to 8,000. The price elasticity is calculated on the basis of proportionate change in quantity demanded.
The proportionate change in quantity demanded is the same in both cases. So, the price elasticity of demand will also be the same.
Answer:
Intrinsic value of Stock C is 300
Explanation:
given data
expected pay dividend = $3
growth rate of dividends = 9%
stock C require a rate of return = 10%
stock D require a rate of return = 13%
solution
we get here intrinsic value by the DDM method
intrinsic value = Upcoming Dividend ÷ ( Required rate of return - Growth rate of stock ) .................1
intrinsic value = 
intrinsic value = 
intrinsic value = 300
so intrinsic value of Stock C is 300
Answer:
How often, on average, receivables are received and collected during the period
Explanation:
An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.
