how would you respond to this discussion post? A cash discount is a price break offered to customers who pay their invoices early.It's a way for sellers to get their money faster and reduce the risk of late payments. For example, terms like 2/10, net 30mean you get 2% off if you pay within 10 days; otherwise, you pay the full amount in 30 days. From the seller's side, this encourages prompt payment and improves the seller's cash flow. For example, a company sells office equipment worth $2,500 on credit to a customer. The credit terms are 2/10, net 30, meaning the customer gets a 2% discount if they pay within 10 days. If the customer pays within 10 days: Discount = 2% of $2,500 = $50 Amount Paid = $2,500 - $50 = $2,450. This shows that the seller received $2,450 in cash and gave a $50 discount for early payment, reducing the original receivable. Offering cash discounts benefits both parties: Buyer saves money by paying early (e.g., 2% off the invoice). Seller gets faster cash flow, reduces credit risk, and encourages timely payments, even though they give up a small portion of revenue. 3. Explain the need for subsidiary ledgers in accounting for merchandising activities. Support your response. Subsidiary Ledgers are detailed records that supports a general ledger account. If the general ledger shows Accounts Receivable of $50,000, the subsidiary ledger will show how that is distributed among all customers (e.g., Customer A owes $10,000, B