Note: This question is part of a series of questions that present the same scenario.

Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.

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You are the purchasing manager at a manufacturing company that makes audio equipment.

You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.

You need to set up pricing information and track the fulfillment of the agreement.

Solution:

Create a trade agreement journal of type Price (purch.).

Add a line for item C0001 for the vendor.

Enter a unit price of $3,00 for a quantity up to 5,000 and enter an expiration date for next year.

Does the solution meet the goal?