Re: 1st 90 days of 2009 - SP
in response to
by
posted on
Jan 27, 2009 09:51AM
a discount is a reduction from the amount that is owed for example we figured LG owes us $2.1 mil a determind number (based on units sold times a %) so we told them if you pay now we will offer you a discount of $.5 mil so they paid $1.6 mil.
if we ask Casio for $3 mil but they offered $2 mil and we accepted this is not a discount it is an offer and acceptance
FWIW JMO