Manual Company sells goods to Nolan Company during 2019. It offers Nolan the following rebates based on
Fantastic news! We've Found the answer you've been seeking!
Question:
Manual Company sells goods to Nolan Company during 2019. It offers Nolan the following rebates based on total sales to Nolan. If total sales to Nolan are 10,000 units, it will grant a rebate of 2%. If it sells up to 20,000 units, it will grant a rebate of 4%. If it sells up to 30,000 units, it will grant a rebate of 6%. In the first quarter of the year, Manual sells 11,000 units to Nolan at a sales price of $110,000. Manual, based on past experience, has sold over 40,000 units to Nolan, and these sales normally take place in the third quarter of the year.
Instructions
What amount of revenue should Manual report for the sale of the 11,000 units in the first quarter of the year?
Related Book For
Posted Date: