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calvin klein

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Trade discount is to encourage bulk purchases but cash discount is to encourage customers to make payment immediately 

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Trade discount is to encourage bulk purchases but cash discount is to encourage customers to make payment immediately 

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When a customer pays for an item, the business records the following double-entry:*Debit: Cash (increase in cash)**Credit: Sales Revenue (increase in revenue)*Or, if the customer had previously been invoiced:*Debit: Cash (increase in cash)**Credit: Accounts Receivable (decrease in accounts receivable)*This double-entry ensures that the financial records accurately reflect the transaction.

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When a customer pays for an item, the business records the following double-entry:*Debit: Cash (increase in cash)**Credit: Sales Revenue (increase in revenue)*Or, if the customer had previously been invoiced:*Debit: Cash (increase in cash)**Credit: Accounts Receivable (decrease in accounts receivable)*This double-entry ensures that the financial records accurately reflect the transaction.

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When a customer returns an item, the business records the following double-entry:*Debit: Sales Returns (increase in sales returns, which reduces revenue)**Credit: Cash (decrease in cash)*Or, if the customer had not yet paid:*Debit: Sales Returns (increase in sales returns, which reduces revenue)**Credit: Accounts Receivable (decrease in accounts receivable)*This double-entry accurately reflects the return transaction and adjusts revenue accordingly.

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When a customer returns an item, the business records the following double-entry:*Debit: Sales Returns (increase in sales returns, which reduces revenue)**Credit: Cash (decrease in cash)*Or, if the customer had not yet paid:*Debit: Sales Returns (increase in sales returns, which reduces revenue)**Credit: Accounts Receivable (decrease in accounts receivable)*This double-entry accurately reflects the return transaction and adjusts revenue accordingly.

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The accounting theory that states transactions should be recorded based on source documents is the:*Historical Cost Principle and more specifically, the concept of "Verifiable Evidence" or "Objective Evidence" which is often linked to the:**Accounting Convention of "Objectivity"*However, the more direct answer would be the:*"Objective Evidence" concept*This concept emphasizes the importance of recording transactions based on reliable and verifiable source documents

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The accounting theory that states transactions should be recorded based on source documents is the:*Historical Cost Principle and more specifically, the concept of "Verifiable Evidence" or "Objective Evidence" which is often linked to the:**Accounting Convention of "Objectivity"*However, the more direct answer would be the:*"Objective Evidence" concept*This concept emphasizes the importance of recording transactions based on reliable and verifiable source documents

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Offer a limited-time discount or promotion on this model of shoe.

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Offer a limited-time discount or promotion on this model of shoe.

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Reason:

This creates urgency and encourages more customers to make a purchase quickly, especially if they are price-sensitive or undecided.

If you can share more details (like the type of shoe, current sales strategy, or target audience), I can tailor the suggestion better.

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Here are two actions the business can take to earn a higher amount of profit:1. *Increase Sales Revenue*: The business can increase sales by effective marketing, expanding product offerings, or improving customer service.2. *Reduce Costs*: The business can reduce costs by improving operational efficiency, negotiating better supplier deals, or minimizing waste.These actions can help increase profit margins and ultimately lead to higher profitability.

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Here are two actions the business can take to earn a higher amount of profit:1. *Increase Sales Revenue*: The business can increase sales by effective marketing, expanding product offerings, or improving customer service.2. *Reduce Costs*: The business can reduce costs by improving operational efficiency, negotiating better supplier deals, or minimizing waste.These actions can help increase profit margins and ultimately lead to higher profitability.