In Which of the Following Is the Usual Reason for the Return

question 27

Multiple Choice

In which of the following is the usual reason for the return of the goods that they were not able to be resold?

• A) sale on approval
• B) sale or return
• C) consignment and sale or return
• D) consignment,sale or return,and sale on approval
• E) sale or return and sale on approval

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Definitions:

Leverage Ratios

Financial metrics that assess the degree of a company's reliance on borrowed money in its operations.

Profitability Ratios

Financial ratios that are used to measure the ability of a company to turn sales into profits and to earn profits on assets and owner’s equity committed.

Primary Financial Records

Essential documents that record and detail the financial activities and condition of a business or individual, such as income statements, balance sheets, and cash flow statements.

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other industries.