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Nment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEXT Brief Exercise 18-12 Sarasota Company sells goods...

Question:

nment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEXT Brief Exercise 18-12 Sarasota Company sells goods to Ivanhoe Company
nment CALCULATOR FULL SCREEN PRINTER VERSION « BACK NEXT Brief Exercise 18-12 Sarasota Company sells goods to Ivanhoe Company during 2017. It offers Ivanhoe the following rebates based on total sales to Ivanhoe. If total sales to Ivanhoe are 10,900 units, it will grant a rebate of 3%. If it sells up to 18,800 units, it will grant a rebate of 5%. If it sells up to 30,900 units, it will grant a rebate of 6%. In the first quarter of the year, Sarasota sells 11,800 units to Ivanhoe at a sales price of $129,800. Sarasota, based on past experience, has sold over 42,400 units to Ivanhoe, and these sales normally take place in the third quarter of the year What amount of revenue should Sarasota report for the sale of the 11,800 units in the first quarter of the year. Revenue $ By accessing this Question Assistance, you will learn while you can points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

Answers

Solution:

Revenue to be reported by Sarasota = Gross sales price - Rebate = $129,800 - ($129,800*6%) = $122,012

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