Question

In: Accounting

A store accidentally priced item at $20 instead of $30 and honored the mispricing. where should the store attribute the $10 difference?

A store accidentally priced item at $20 instead of $30 and honored the mispricing. where should the store attribute the $10 difference?

Solutions

Expert Solution

 Answer:  Returns and Allowances

 Explanation:

 It will be considered as allowances have been given to the buyer on the sale of a mispricing item.



Related Solutions

This problem requires you to use a heap to store items, but instead of using a key of an item to determine where to store the item in the heap
This problem requires you to use a heap to store items, but instead of using a key of an item to determine where to store the item in the heap, you need to assign a priority (key) to each item that will determine where it is inserted in the heap 7a) Show how to assign priorities to items to implement a first-in, first-out queue with a heap. 7b) Show how to assign priorities to items to implement a first-in, last-out stack with...
If a student accidentally ran their TLC plate with 30% hexane/ether (instead of the 30% ether/hexane...
If a student accidentally ran their TLC plate with 30% hexane/ether (instead of the 30% ether/hexane as directed), briefly explain who their TLC results would differ.
Your faceted search item will have at least one categorical attribute. For example a clothing store item could have an attribute called colour, its values could be red, white, black etc.
(a) Define a class for your item including a constructor.(b) Write a function that loads csv text(the function up to you) then creates an array of items using the above class’s constructor.(c) Add a print method to your class. Write test code that prints your item array using this method.Your faceted search item will have at least one categorical attribute. For example a clothing store item could have an attribute called colour, its values could be red, white, black etc.Your...
Classes (Percentage) No of Students 0 < 10 10 10 < 20 20 20 < 30...
Classes (Percentage) No of Students 0 < 10 10 10 < 20 20 20 < 30 25 30 < 40 15 40 < 50 20 50 < 60 35 60 < 70 45 70 < 80 10 80 < 90 15 90 < 100 5 2.1 Determine the: 2.1.1 Mean number of marks (1 mark) 2.1.2 Median number of marks 2.1.3 Modal number of marks 2.2 Calculate the standard deviation
Question 1 For the dataset: 20, 20, 10, 10, 40, 50, 20, 30, 10, 20, 50,...
Question 1 For the dataset: 20, 20, 10, 10, 40, 50, 20, 30, 10, 20, 50, 60, 20, 30, 50, 20, 30, 40, 30, 30, 30, 50, 40 calculate the max, min, mode, median and mean.(20%) Draw a boxplot with inner and outer fence For the data in part (i), if the value 60 was replaced by 2000, what would you call this value in the dataset? What could be the explanation for such a value? How can you through...
Question 4 (a) Discuss the difference between American and European options. Should they be priced the...
Question 4 (a) Discuss the difference between American and European options. Should they be priced the same? Why or why not? (b) What are the benefits and risks of an OTC market relative to an exchange? How does the exchange manage the risks associated with OTC? (c) Suppose Reserve Bank of Australia decides to reduce the cash rate to 0. What do you think will be the effect on AUD? Use UIP to explain the effect
An equally weighted index has three stocks A, B, and C priced at $10, $20, and...
An equally weighted index has three stocks A, B, and C priced at $10, $20, and $20 yesterday, respectively. Yesterday, stock A has a split where one share split into 2 and the price was reduced from $10 to 5. If the equally weighted index was 100 yesterday and the prices changed to $6, $18, and $17, what is the new index value? 16.11 102.54 89.6 98.33
Calculate F Test for given 10, 20, 30, 40, 50 and 5,10,15, 20, 25. For 10,...
Calculate F Test for given 10, 20, 30, 40, 50 and 5,10,15, 20, 25. For 10, 20, 30, 40, 50:
A stationery store has a box of 30 large fasteners and 20 small fasteners. They randomly...
A stationery store has a box of 30 large fasteners and 20 small fasteners. They randomly choose 20 of fasteners. 1. What is the probability that their sample contains exactly 10 large fasteners? Round your probability to 4-decimal places. 2. What is the probability that their sample contains exactly 10 large and 10 small fasteners or 11 large and 9 small fasteners? Round your probability to 4-decimal places.   
[Point: 10] The instance of a list ADT using array is L = (10, 20, 30,...
[Point: 10] The instance of a list ADT using array is L = (10, 20, 30, 40, 50, 60). Find the output of following code segment or what is returned by each statement. remove(30);          find(50):                insert(7, 3):           findKth(4)             [Point: 5] The complexity of remove operation from a LIST ADT using array implementation is O(N). Explain why? [Point: 10] Show that the running time for the following segment of code is O(N3) without using the rule for loop. Make sure to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT