In a Firm That Uses Special Journals, the Acceptance of a Return

question 61

Multiple Choice

In a firm that uses special journals, the acceptance of a return of merchandise from a credit customer is recorded in the

• A)cash payments journal.
• B)sales journal.
• C)general journal.
• D)cash receipts journal.

---

Definitions:

Multiple Coefficient

Often referred to as the coefficient of multiple determination in statistics, it measures the proportion of variance in a dependent variable that is predictable from independent variables.

SSR

Sum of Squared Regression, a measure used in statistical analysis to determine the variance explained by the regression line.

SSE

Stands for Sum of Squares Error, a measure used in statistics to quantify the variation or deviation of a set of values from their mean.

Unit Price

The cost per unit measure of a product, which allows for comparison of costs of different-sized packages of the same item.