A vertical marketing system, a type of supply chain in which the individuals go about as a bound together framework, and there are three sorts: directed, legally binding, and corporate. One of the most common vertical marketing systems is the franchise.
Answer:
Description Amount (Dr) Amount (Cr)
Cash 8,330
Sales Discount (0.02x8500) 170
Accounts receivable 8,500
Explanation:
The question is to determine the correct accounting entry for Flores on November 17th based on the assumption that the correct payment was received on that same 17th November
First, it should be noted that since the payment as made within the 10 days of purchase, the discount based on the credit terms will apply.
Therefore, the discount of 2% on the Gross Recievable amount will be treated as sales discount
As such therefore, the recognition is as follows
Description Amount (Dr) Amount (Cr)
Cash 8,330
Sales Discount (0.02x8500) 170
Accounts receivable 8,500
Your answer is.......C) Natalie, who has business experience with accounting, management, and marketing
Refers to how individual owners of a business pay taxes<span> on </span>income <span>derived from that business on their personal </span>income tax<span> returns. </span>Pass through taxation<span> applies to sole proprietorships, partnerships, and S-Corporations.</span>
