Question
During 2009, Solar Power Inc. entered into an arrangement with Solutions Co to distribute its RHP-1 product in all of Solutions retail stores. The contract
During 2009, Solar Power Inc. entered into an arrangement with Solutions Co to distribute its RHP-1 product in all of Solutions retail stores. The contract specifies the following: a) Solutions Co will have some product on hand for demonstration purposes, which will be given at no cost; b) once the customer decides to make a purchase, Solutions will be required to remit to Solar Power Inc. on the date of invoice 85% of the sales proceeds, it may retain 15%. Solar Panel Inc. will ship the product directly to the customer's home and install the product., If requested by the customer.
What are the issues and recommendation for this?
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