Question: Nardone enters into 50 contracts with customers. Each contract includes the sale of one product for $1,000. The cost to Nardone of each product is

Nardone enters into 50 contracts with customers. Each contract includes the

Nardone enters into 50 contracts with customers. Each contract includes the sale of one product for $1,000. The cost to Nardone of each product is $400. Cash is received upfront and control of the product transfer on delivery. Customers can return the product within 30 days to receive a full refund. Nardone can sell the returned products at profit. Nardone has significant experience in estimating returns for this product. It estimates that 48 products will not be returned. Required: How much is the revenue and the refund liability

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Does it avoid using personal pronouns (such as I and me)?

Does it clearly identify what you have done and accomplished?