8. When a customer purchases merchandise inventory from a business organization, she may be given a discount which is designed to induce prompt payment. Such a discount is called a(n): a. Nominal Discount b. Trade Discount c. Sales Discount d. Enhancement Discount Q /30 TE Concord Corporation made a $25,600 sale on account with the following terms: 210 the company uses the net method to record sales made on credit, how much eh as revenue? a. 24,576 b. 25,088 c. 25,600 d. 26,112 te-off method in accounting for 10. Why is the Allowance method preferred over the Direct Write-off method in acel bad debts? a. Improved matching of allowance with revenue. b. Improved matching of bad debt expense with revenue. c. Allowance method is used for tax purpose. d. Estimates are used in the allowance method