False value hardware began 2018 with a credit balance of $23,000 in the allowance for sales returns account (i. e., the estimated return liability). sales and cash collections from customers during the year were $680,000 and $720,000, respectively. false value estimates that 4% of all sales will be returned. during 2018, customers returned merchandise for credit of $32,000 to their accounts. what is the balance in the allowance for sales returns account at the end of 2018?

Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)

Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:

You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.