Question: Chapter 5 Homework Submit your answers in CANVAS before it is due Use the following to answer questions 1-5 For the next few weeks CUM
Chapter 5 Homework Submit your answers in CANVAS before it is due Use the following to answer questions 1-5 For the next few weeks CUM Ad Agency is offering a 20% trade discount when providing advertising services of $50.000 or more to its customers to encourage customers to buy more advertising, The Agency also offers 2/15, n30 on all credit sales. All credit sales are invoiced at the end of the month. The Agency provided the following services this month; amounts are shown before trade discounts have been deducted: Designs a $30,000 ad campaign for Customer A-on account-pays within 15 days Designs a $50,000 ad campaign for Customer B- on account - pays within 15 days Designs a $50,000 ad campaign for Customer C-on account-pays within 30 days Designs a $20,000 ad campaign for Customer D-received payment last month What amount of Service revenue should the Agency record for Customer A? What amount of Service revenue should the Agency record for Customer B? 1. $ 2. $ 3. S 4. S 5. $_ Customer B pays within 15 days, how much will they pay? Determine the monthly Service revenue for the Agency Determine the Agency's Net service revenue for the month
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