Business

Davian Everett

29 March, 15:02

How do purchase returns and allowances and purchase discounts affect gross purchases?

A) Both are added to purchases.

B) Both are subtracted from purchases.

C) Purchase returns and allowances are added to purchases; purchase discounts are subtracted from purchases.

D) Purchase returns and allowances are subtracted from purchases; purchase discounts are added to purchases.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “How do purchase returns and allowances and purchase discounts affect gross purchases? A) Both are added to purchases. B) Both are ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

You manage a portfolio worth $13.8 million, currently all invested in equities, and believe that the market is on the verge of a big but short-lived downturn.

Sonny had a contract to paint the rides at an amusement park and needed a paint that would protect against extensive wear, potentially harsh weather, and rust.

Cobalt Sodas has seen its market share erode in recent years, as consumers increasingly turn toward healthier beverage choices such as unsweetened sparkling water.

Why would a business want to develop a marketing strategy? A. Because you can't start a business without one. B. Because it wants to increase sales. C. Because its easy to develop. D. Because the law requires it.

What are the five marketing management functions used to manage the marketing process? a. analysis, planning, implementation, organization, and control b. segmenting, targeting, positioning, differentiation, and control c.

New Questions in Business

You have just won a lottery! You will receive $50,000 a year beginning one year from now for 20 years. If your required rate of return is 10%, what is the present value of your winning lottery ticket

You want to invest in a project in Canada. The project has an initial cost of C$828,000 and is expected to produce cash inflows of C$355,000 a year for three years. The project will be worthless after the first three years.

When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently, product supply must be restricted.

Agency problems are most associated with: Multiple Choice 1. limited liability companies. 2. limited partnerships. 3. corporations. 4. sole proprietorships. 5. general partnerships.

Timothy works for a company that pays employees in his position $12 per hour to work but also pays for medical and dental coverage, a 401K retirement plan, and a week of paid vacation.