Question: Modine Brass Corp. ( Upper M BC ) is a wholesaler that sells musical instruments to retailers. On February 1 of the current year, Upper

Modine Brass Corp. (Upper MBC) is a wholesaler that sells musical instruments to retailers. On February 1 of the current year, Upper M contracts with John Extravaganza, Inc. (Upper JEI) to sell 2 comma 000 trumpets to Upper J with delivery scheduled for the month of February. The contract price is $ 1 comma 000 per trumpet. However, the contract includes the possibility of a volume discount if total annual purchases exceed a given amount. These discounts are as follows:

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