ACC 291 Week 1 Practice: Week 1 Discussion Question 1

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ACC 291 Week 1 Practice: Week 1 Discussion Question 1
ACC 291 Week 1 Practice: Week 1 Discussion Question 1
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ACC 291 Week 1 Practice: Week 1 Discussion Question 1

1

Hello class,

How do retail and wholesale businesses differ? What is a trade discount? Why do some firms offer trade discounts to their customers?

 

2

Trade discounts

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)