Examlex
Which of the following are the three major types of vertical marketing systems?
corporate, contractual, and chain
contractual, corporate, and independent
corporate, contractual, and administered
administered, independent, and franchised
corporate, contractual, and task
Allowance Method
An accounting technique used to account for bad debts, where an estimated amount is deducted from accounts receivable to reflect possible non-collection.
Bad Debts
are amounts owed to a company that are considered uncollectible, leading to a financial loss.
Percentage of Sales
A financial analysis tool used to forecast future expenses, based on a fixed percentage of the total sales.
Allowance for Doubtful Accounts
A contra asset account on a company's balance sheet that estimates the amount of receivables that may not be collected.
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