Under the perpetual inventory system, what is the difference between a sales return and a sales allowance?
A) A sales return reduces the amount receivable from the customer, but a sales allowance does not.
B) A sales return involves an adjustment to Merchandise Inventory, but a sales allowance does not.
C) A sales return requires a debit to Sales Returns and Allowances, but a sales allowance does not.
D) A sales return is not deducted from sales revenue to calculate net sales, but a sales allowance is deducted from sales revenue.
B
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Indicate whether the statement is true or false
Which of the following costs is most likely associated with the commercialization stage of new product development?
A) building or renting a manufacturing facility B) paying groups of target customers for product feedback C) determining the product's planned price, distribution, and marketing budget D) developing a prototype of the product E) identifying target markets
______ focuses on how well the proposed system fits in with the current and future organizational environment.
a. Functional feasibility b. Legal feasibility c. Operational feasibility d. Political feasibility
____ for speaking with me yesterday about the accounting position
A) Thankyou B) Thank-you C) Thank you