Tracy company, a manufacturer of air conditioners, sold 100 units to thomas company on november 17, 2016. the units have a list price of $600 each, but thomas was given a 30% trade discount. the terms of the sale were 2/10, n/30.1. prepare the journal entries to record the sale on november 17 (ignore cost of goods) and collection on november 26, 2016, assuming that the gross method of accounting for cash discounts is used.

Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.

What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations