[Middle Englishmerchaundise, from Old Frenchmarchandise,trade, frommarcheant, marchand,merchant; seemerchant.] mer′chan·dis′a·bleadj. mer′chan·dis′ern. American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company....
A company had sales of $438,000 and cost of goods sold of $276,000. Calculate its gross profit.A company had sales of $194,000 and cost of goods sold of $72,000. Calculate its gross profit.A company had sales of $124,000 and cost of goods sold of $7...
Using a perpetual inventory system, how should a company record the sale of inventory costing $1,480 for $3,240 on account? Using a perpetual inventory system, how should a company record the sale of inventory costing $480 for $1,120 on account? Beginning inventory, purchases, and sa...
If a retailer receives merchandise from one of its vendors, but has not received the vendor's invoice, the company has the current asset, inventory, but will not have recorded the current liability, accounts payable
What is a Return Merchandise Authorization Number? As previously stated, when a customer wants to return a product they have purchased from a company, the company will assign that customer a return merchandise authorization number. The RMA number is thenused to track the specific product returnas...
Logistics point on vendor shipments sent to HQ and/or back to vendors; owns making sure that domestic purchases are being shipped properly according to our guidelines & follows tracking Manage the return process, track return authorizations, and ensure compliance with specific company policies of vend...
This position is responsible for procurement activity from receipt of valid requisition to acceptable receipt of items ordered. The incumbent is also responsible for return activities as required.Principle Duties / Responsibilities Negotiates for and purchases material and services required by the Division...
RMA or Return Merchandise Authorization is the first step to initiate the return process and enable the customer to receive a replacement, repair, or refund. It is an official way to track, document, and fulfill the return. Return policies vary from company to company. Yet, they must ensure...
Manage planning staff to adjust vendor purchases, returns or transfer merchandise as necessary to maximize turns and reduce markdowns Manage excess and discontinued merchandise; work with buyers on disposition to ensure product is either returned, or proper markdowns are in place to turn the ...