Hugh Snow, the buyer, returned merchandise to Farley Co., the seller. The entry on the books of Farley company to record the return of merchandise from Hugh Snow would include a:
A. Debit to Sales Returns and Allowances
B. Debit to Accounts Payable
C. Debit to Account Receivable
D. Credit to Sales Returns and Allowances
Answer: A
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Jahncke Inc. uses the weighted-average method in its process costing. The following data concern the company's Assembly Department for the month of November. MaterialsConversionWork in process, November 1$3,600$1,902Cost added to production in the Assembly Department during November$103,882$278,010Equivalent units of production for November 8,810 8,720 Required:Compute the costs per equivalent unit for the Assembly Department for November.
What will be an ideal response?
The three inventory accounts used in traditional costing are replaced by two inventory accounts in backflush costing
Indicate whether the statement is true or false
The need-satisfaction sales presentation has several phases. Which of the following presents those phases in the correct order?
A. Need-utilization, need-fulfillment, and need-satisfaction B. Need-perception, need-comprehension, and need-satisfaction C. Need-awareness, need-development, and need-satisfaction D. Need-development, need-awareness, and need-fulfillment E. Need-realization, need-utilization, and need-development
Which of the following statements about Hispanic buying patterns is most accurate?
A. Hispanics are dubious about using advertising as an information source. B. Hispanics are often brand loyal and willing to pay a premium price for premium quality. C. Uniquely Hispanic buying patterns have virtually disappeared over the past ten years due to increased assimilation. D. Hispanic buying preferences are strongly influenced by contemporary fads and fashions. E. Convenience is an essential product attribute for Hispanic homemakers with respect to food preparation or consumption.