On december 28, 2021, videotech corporation (vtc) purchased 10 units of a new satellite uplink system from tristar communications for $27,000 each. the terms of each sale were 2/10, n/30. vtc uses the net method to account for purchase discounts and a perpetual inventory system. vtc paid the net-of-discount amount on january 6, 2022. prepare the necessary journal entries assuming that vtc uses the net method to account for purchase discounts

You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?