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How do retail and wholesale businesses differ? What is a trade discount? Why do some firms offer trade discounts to their customers?
What is the difference between a Cash Discount and a Trade Discount? What is an example of these types of transactions and how would it be recorded in the General Journal?
Initial responses to the conversation prompt should be a minimum of 150 words; responses to other students' posts should be a minimum of 50 words. All posts must meet the originality requirements of the University of Phoenix. Direct copy & paste from resource or outside material will not count toward participation. You may use outside material, however, it must be properly cited and referenced - and the post must be substantively unique to count toward participation (a simple rule is 75% your input / 25% resource material)