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Cafeteria Supply returned 2 cases of defective warming trays to the vendor for an amount of $600.Prepare the journal entry for this transaction.Cafeteria Supply uses a perpetual inventory system and purchased the cases on account.Omit explanation.
Reverse Outsourcing
The practice where jobs or tasks are brought back in-house from an external service provider, often to regain control or reduce costs.
Nearshoring
The practice of transferring a business operation to a nearby country, often to reduce costs and improve collaboration due to geographical proximity.
Onshoring
The process of returning a business's production or services to its home country from overseas to benefit from domestic advantages.
Gig Economy
A labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.
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