Question: On January 1 Morris Company offered a customer a 10
On January 1, Morris Company offered a customer a 10% trade discount if the customer purchases 1,000 units of an item within the next 6 months. Each item sells for $ 100. Based on the customer’s previous purchase history, Morris believes there is a 60% chance that the customer will purchase more than 1,000 units. In January, the customer purchases 200 units on credit. How much revenue should Morris recognize related to this customer?
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