Which of the following refers to a reduction inthe list price of a product agreed between amanufacturer to a wholesaler?a. Mark upb. Trade discountc. Payrolld. Insurance

Option B is the Correct Answer.

Answered: e list price of a product agreed betw…

Business

Accounting

e list price of a product agreed betw anufacturer to a wholesaler? a. Mark up b. Trade discount c. Payroll

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Which of the following refers to a reduction in
the list price of a product agreed between a
manufacturer to a wholesaler?
a. Mark up
b. Trade discount
c. Payroll
d. Insurance

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