A rise in prices that is fully offset by increases in quality is called:

A company purchased inventory for $100,000 on account and recorded it as follows:

Merchandise Inventory 100,000 Accounts Payable 100,000 The vendor's invoice showed terms of 3/10, net 30 Give the journal entry for the payment of the invoice seven days after the invoice date, assuming that the vendor uses the perpetual inventory system. What will be an ideal response

Milt Alden uses which of the following strategies for pricing his products?

A) basing company price on competitors' prices B) using everyday low pricing C) initiating an aggressive promotional campaign D) starting with customer-value considerations E) focusing on overall fixed costs of manufacturing