Steve Russell started a snow removal business he called Total Care Services. Over the fall months, Total Care pre-sold snow removal services to be performed from November through April of the following fiscal year, inclusive. If payment is made in full by November 1, a 10% discount is allowed. In October, 330 customers took advantage of the discount and purchased the winter snow removal service package priced at $720 each, before the discount. Due to the heavy snowfall, another 310 customers purchased the package for $825 each in December and in January, another 240 purchased it for the reduced price of $775 each.

Calculate the amounts for each of the three groups of payments and insert in the following table for each month, the amount of revenue to be recognized by Total Care, as well as totals. Assume that the amount of revenue is allocated evenly over the months of service.

Answer rating: 100% (QA)

Amount in Amount from the 1st group 330720110 21384000 Amount from the 2nd group 31082... View the full answer