Ask Question
BusinessBusiness
8 May, 04:49

Berta Company owns inventory prior to a customer ordering it from Norman Company. If a customer returns the merchandise, Berta Company owns the returned inventory. Berta Company is a (n). (Enter only one word.)

+2
Answers (2)
  1. 8 May, 04:58
    0
    Answer: Principal

    Explanation: Berta's company is a principal or a principle. A principal company is defined as one that determines and sets its sale price with a primary responsibility for providing the product or service

    it owns the inventory prior to delivery. As a result, principal companies own goods and services before they are sold, and in instances where they are returned, the company still maintains ownership of the returned inventory.
  2. 8 May, 05:03
    0
    Principal
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Berta Company owns inventory prior to a customer ordering it from Norman Company. If a customer returns the merchandise, Berta Company owns ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose the economy is currently in long-run equilibrium. The government has just decided to lower income taxes. The long-run impact of this policy will be:
Answers (1)
The johnsons have accumulated a nest egg of $50,000 that they intend to use as a down payment toward the purchase of a new house.
Answers (1)
Mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bonds. Using the U. S. tax rate schedule for year 2018, how much federal tax will he owe? (Tax rate schedule) A) $28,000.
Answers (1)
As you sit at your desk on your first day back after a rejuvenating vacation to the Caribbean, you bring your mind back to your work as the head of a beverage bottling plant.
Answers (1)
Jada Company uses the allowance method to account for uncollectible receivables. On April 2, Jada wrote off a $ 15,000 account receivable from customer J. Madas.
Answers (1)
New Questions in Business
Shoeleather costs arise when higher inflation rates induce people to:a. spend more time looking for bargains. b. spend less time looking for bargains. c. hold more money. d. hold less money.
Answers (1)
Lewis Inc. had the following information taken from various accounts for 2015: Sales Discounts $41,000 Unearned Revenue $32,000 Total Sales $459,000 Purchase Discounts $15,000 Sales Allowances $35,000 Accounts Receivable $205,000 What was Lewis Inc.
Answers (1)
True or False: The basic economic theory of supply and demand suggests that when price drops, consumers will buy more and thus generate stronger demand.
Answers (1)
If you think carefully about what you're doing, always ask for advice when you need it, and keep asking questions, starting a business can be
Answers (2)
16. What size paper should you use for a legal document? A. 3" x 5" B. 8/2" x 11" C. 872" x 14" D. 74" x 1072"
Answers (2)
Home » Business » Berta Company owns inventory prior to a customer ordering it from Norman Company. If a customer returns the merchandise, Berta Company owns the returned inventory. Berta Company is a (n). (Enter only one word.)
Sign Up Forgot Password?