Answer: Slotting allowance
Explanation: Manufacturers or producers may often have to contact retail stores, supermarkets and other retail channels when marketing their product, this often comes at a cost, the amount manufacturers are being charged by this retail stores in other to keep or stock the company's product in its store, inventory or warehiuse is called the sticking or Slotting allowance. In the context above, the fee demanded by the supermarket which sparked protest from jiffy's representative is called the stocking or Slotting allowance.
Answer:
d. Sarbanes-Oxley Act
Explanation:
According to my research on various IRS laws, I can say that based on the information provided within the question the law/act being mentioned in the question is called the Sarbanes-Oxley Act. This Act is basically a federal law established in 2002 allowing for sweeping auditing and financial regulations for public companies. This was created in order to protect shareholders, employees and the public from accounting errors and fraudulent financial practices, such as money laundering.
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Answer: C
Explanation: An internal source to validate the data is a marketing research paper that the business has already completed.
Answer:
Journal Entry
Explanation:
The Journal entry is shown below:-
Accounts Payable Dr, $5,700
To Inventory $5,700
(Being defective goods is recorded)
Therefore, in the given situation, Concord company is returning the defective goods and no payment was made. So, which results in a decrease in accounts payable and inventory.
