Telfer Co. uses the gross method to record sales made on credit. On July 1, 2019, it made sales of $90,000 with terms 2/10 n/30. On July 9, 2019, Telfer received full payment for the July 1 sale. The journal entry for Telfer on July 9th is:

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.