Jones Company, a Customer, Has Been Authorized to Return $1,000 $\begin{array}{cc}\text { Sales Returns and Allowances } & 1,000 \\\text { Accounts Receivable } & 1,000\end{array}$

question 95

Multiple Choice

Jones Company, a customer, has been authorized to return $1,000 of goods purchased on account. The journal entry to record this transaction is

• A)
• \(\begin{array}{cc}
• \text { Sales Returns and Allowances } & 1,000 \\
• \text { Accounts Receivable } & 1,000
• \end{array}\)
• B)
• Sales \( \quad 1,000 \)
• Sales Returns and Allowances \( \quad 1,000 \)
• C)
• \(\begin{array}{lr}
• \text { Sales Returns and Allowances } & 1,000 \\
• \text { Inventory } & 1,000
• \end{array}\)
• D)
• \(\begin{array}{lll}
• \text { Accounts Receivable } & 1,000 & \\
• \text { Sales Returns and Allowances }
• \end{array} 1,000\)

Identify the steps involved in utilizing the GE/McKinsey Grid for strategic analysis.

Recognize the characteristics that define a well-managed portfolio according to the BCG Matrix.

Understand the market growth and market share dynamics of different categories within the BCG Matrix.

Comprehend the concept of market attractiveness and the factors contributing to it.

---

Definitions:

Endorses

To endorse is to support, approve, or recommend something, or in the context of checks, to sign the back of a check to authorize its transfer or cashing.

Dishonor

Refers to the refusal by a bank to pay a check or draft presented for payment, usually due to insufficient funds.

Ratification

The approval or formal sanctioning of an agreement or act, often making it officially valid.

Unauthorized

Actions or access that have not been approved or given consent by the proper authority.