A Customer Who Returns Goods or Receives an Allowance Is

question 19

True/False

A customer who returns goods or receives an allowance is entitled to a credit for the appropriate amount of sales tax if tax was charged on the original sale.

---

Definitions:

Profit Based Compensation

A remuneration strategy where employees' or executives' earnings are directly linked to the profitability of the organization.

Sales Agent

is an individual or company authorized to sell products or services on behalf of a manufacturer or service provider.

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, often a percentage of the sale price.

Sales Neutral

refers to a situation where the number of units sold does not significantly impact the financial metrics or strategy of a business.