Sales Returns

question 97

Multiple Choice

Sales returns

• A)Refer to merchandise that customers return to the seller after the sale.
• B)Are related to purchase discounts.
• C)Represent cash discounts.
• D)Represent trade discounts.
• E)Refer to reductions in the selling price of merchandise sold to customers.

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Definitions:

MSB

Marginal Social Benefit; the additional benefit to society from one more unit of a good or service being produced and consumed.

SS(Total)

The total sum of squares in regression analysis, representing the total variation in the dependent variable.

Average Wear

The typical amount of degradation or use that an item undergoes over a given period.

Running Shoes

Footwear designed specifically for the purpose of running or jogging, offering varying levels of support, cushioning, and stability.