Sweet, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When...
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Sweet, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When Sweet sells the cards, it then pays the telecommunications company, TeleExpress, less a commission of 20 percent of the selling price to customers. Sweet receives $3,700 in cards in January 2020. Sweet sold 55% of the cards in February, 30% in March, and 15% in April. It costs TeleExpress $2,740 to provide the telephone service on the cards sold by Sweet. Indicate how much income Sweet should recognize in January, February, March, and April. (If answer is 0, please enter O. Do not leave any fields blank.) January income February income March income April income 40 $ Sweet, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When Sweet sells the cards, it then pays the telecommunications company, TeleExpress, less a commission of 20 percent of the selling price to customers. Sweet receives $3,700 in cards in January 2020. Sweet sold 55% of the cards in February, 30% in March, and 15% in April. It costs TeleExpress $2,740 to provide the telephone service on the cards sold by Sweet. Indicate how much income Sweet should recognize in January, February, March, and April. (If answer is 0, please enter O. Do not leave any fields blank.) January income February income March income April income 40 $
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