What is chargeback, Cost Accounting

A process in the industry where a wholesaler needs an amount that is the difference among the manufacturer's price to the wholesaler and the contract price to the resale customer.

The real chargeback happens when the wholesaler sells the manufacturer's product at contract price that is under wholesaler acquisition cost (WAC).

Especially evident in pharmaceutical industry.
In electronic commerce, a charge back is a reversal of a credit card transaction, which is generally initiated by the card issuer as requested by the cardholder. It may also be requested by the merchant. Charge backs generally occur due to fraudulent activity on the card (real / perceived), due to customer disputes, or from other authorization issues.

 

Posted Date: 4/1/2013 2:29:35 AM | Location : United States







Related Discussions:- What is chargeback, Assignment Help, Ask Question on What is chargeback, Get Answer, Expert's Help, What is chargeback Discussions

Write discussion on What is chargeback
Your posts are moderated
Related Questions
Labor Transactions (i) Wages Paid in cash (ii) Wages incurred like a) Direct labor or else b) Indirect labor  In the Financial Books  In

Determine the Single Limiting Factor A company manufactures and sells three products as A, B and C. The unit cost and revenue structure for every product and its maximum forec

from the following particulars calculate the earning of worker . rate per hours $0.50 standard time 200 hours time taken 140 hours


In this exercise you will familiarize yourself with index models, beta and CAPM estimation. Download the spreadsheet data_question3.xlsx from Sakai and use the data contained there

Gustav Ltd commenced operations on 1 July 2011 and presents its first statement of comprehensive income for the year ending 30 June 2012 and first statement of financial position a

a machine is purchased on july 1 2009 for $181,500. It has an expected useful life of 11 years and no salvage value. After five years, the machine is sold for $98,000 cash. What is

Standard Costing A standard cost is a predetermined calculation of how much is supposed to be incurred under specific particular working conditions. It is not an average of pa

(a)  (i) Conversion Value Conversion Value = Conversion Ratio * Stock Price                 = 22*$40 = $880 (ii) Market Conversion Price Market Conversion Price =

Time Analysis - Cost Accumulation This is generally achieved via having the employee complete a daily or weekly timesheet or via contain job cards or piecework tickets. As whe