Cullumber Company sells goods to Riverbed Company during 2020. It offers Riverbed the following rebates based on total sales to Riverbed. If total sales to Riverbed are 9,200 units, it will grant a rebate of 2%. If it sells up to 19,100 units, it will grant a rebate of 4%. If it sells up to 31,400 units, it will grant a rebate of 6%. In the first quarter of the year, Cullumber sells 11,100 units to Riverbed at a sales price of $122,100. Cullumber, based on past experience, has sold over 41,700 units to Riverbed, and these sales normally take place in the third quarter of the year. What amount of revenue should Cullumber report for the sale of the 11,100 units in the first quarter of the year. Prepare the journal entry that Manual should make to record the sale of the 14,000 units in the first quarter of the year on account.
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 22:40, taytay1828
Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.
Answers: 2
Business, 22.06.2019 07:50, sis212
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
Answers: 1
Business, 22.06.2019 11:10, takaralocklear
An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value
Answers: 2
Business, 22.06.2019 20:00, Hockeypro1127
An arithmetic progression involves the addition of the same quantity to each number. which might represent the arithmetic growth of agricultural production
Answers: 3
Do you know the correct answer?
Cullumber Company sells goods to Riverbed Company during 2020. It offers Riverbed the following reba...
Questions in other subjects:
Chemistry, 18.12.2020 17:50
Mathematics, 18.12.2020 17:50
