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Question: During 2015, Scribe Company's customers returned merchandise for a credit of $17,750 to their accounts. Sales and cash collections from customers during the year were $425,000 and $390,000, respectively. Scribb Company began 2015 with a credit balance of $35,000 in the allowance for sales returns account. If the ending balance in the allowance for sales returns is $38,500, what percentage of sales is expected to be returned? Round our answer to the nearest whole percent. Please show work if possible.
refer to the most recent financial statements and related disclosure notes of walmart stores inc. managements
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Access a number of videos and websites to learn more about capital budgeting. Consider what type of resource is most helpful in learning new materials.
Today, companies must decide whether to sell their products directly to their customers via the Internet or to use more traditional methods of distribution.
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