Merchandizing company account for the suits that amy returns

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Reference no: EM13823378

Amy Martin is a student who plans to attend approximately four professional events a year at her college. Each event necessitates financial outlays of $100-$200 for a new suit and accessories. After incurring a major hit to her saving for the first event, Amy developed a different approach. She buys the suit on credit the week before the event, wears it to the event, and returns it the next week to the store for a full refund on her charge card.

1. Comment on the ethics (2 comments) exhibited by Amy and possible consequences (2 possible consequences) of her actions.

2. How does the merchandizing company account for the suits that Amy returns? Entries?

Reference no: EM13823378

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