Acompany using the perpetual inventory system purchased inventory worth $550,000 on account with credit terms of 2/15, n/45. defective inventory of $70,000 was returned 3 days later, and the accounts were appropriately adjusted. if the company paid the invoice 25 days later, the journal entry to record the payment would be

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?