FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Salies-Related Transactions After the amount due on a sale of $45,000, terms 2/10, nleom, is received from a customer within the discount period, the seller

image text in transcribed
Salies-Related Transactions After the amount due on a sale of $45,000, terms 2/10, nleom, is received from a customer within the discount period, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned is 527,000 . a. What is the amount of the refund owed to this cistomer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Principles Practice And Problems

Auditing Principles Practice And Problems

Authors: Jagdish Prakash

1st Edition

9327244745, 978-9327244748

More Books

Students also viewed these Accounting questions

Question

★★★★★
Using your estimates from Problem 5, calculate the volatility (standard deviation) of a portfolio that is 70% invested in stock A and 30% invested in stock B?

Answered: 1 week ago

Question

★★★★★
use debt ratio to analyse an enterprises financial structure.

Answered: 1 week ago

Question

★★★★★
(Appendix) SALES RECORDED GROSS. Nevada Company sold merchandise with a list price of $12,500 to Small Enterprises on terms 3/15, n/30. Nevada records sales net of discount. LO2 REQUIRED: 1. Prepare...

Answered: 1 week ago

Question

★★★★★
Assume that Dominum Company had the following balances in its receivable accounts on December 31, 2011: Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $640,000...

Answered: 1 week ago

Question

★★★★★
in c# if a text file has the following format and number 1 6 8 9 45 63 145 how do read this text file and put it into an array with the numbers 1 6 8 9 45 63 145

Answered: 1 week ago

Question

★★★★★
Although this talk is mostly about the personal finance crisis impacting older generations and Baby Boomers, what about the personal finance crisis impacting younger people like yourself? Why do you...

Answered: 1 week ago

Question

★★★★★
An administrative assistant should have the following functionality on behalf of the CEO: Make calls. Retrieve calls. Join active calls. Pick up calls on hold. Which Teams Phone feature can achieve...

Answered: 1 week ago

Question

★★★★★
The Katash Company is a leader in the poultry market. It produces, sells and markets fresh and ice packed commodity chicken and frozen products known for their value and healthful qualities. Katashs...

Answered: 1 week ago

Question

★★★★★
A toggle press is shown with a force F = 300 N applied perpendicular to the toggle arm. Ram CD slides on the smooth vertical bar. Determine the compressive force on E when theta is 60 degrees. -250...

Answered: 1 week ago

Question

★★★★★
The cross-section of an aeroplane elevator is shown below. If the elevator is 2 m long constructed from aluminium alloy with G = 30 GN/m, calculate the total angle of twist of the section and the...

Answered: 1 week ago

Question

★★★★★
Maruti Suzuki Drives Business Growth on a Full Oracle Stack Youtube video: In regards to Business Intelligence effects on Maruti Suzuki, answer the following questions: 1.) What were the business...

Answered: 1 week ago

Question

★★★★★
2. Consider a group to which you belongyour communication class, your family, your religious community, and so on. Draw a chart that depicts members of the group and the patterns of communication...

Answered: 1 week ago

Question

★★★★★
4. Consider the adjourning phase of group development for a group you were part of that disbandedScouts, a sports team, the school newspaper staffand think about what aspects of the group made for...

Answered: 1 week ago

Question

★★★★★
4. Explain how a groups cohesion, norms, and individual differences affect group processes and outcomes

Answered: 1 week ago

Previous Question Next Question