question archive Monty Company sells goods to Flounder Company during 2020
Monty Company sells goods to Flounder Company during 2020
Subject:BusinessPrice: Bought3
Monty Company sells goods to Flounder Company during 2020. It offers Flounder the following rebates based on total sales to Flounder. If total sales to Flounder are 9,000 units, it will grant a rebate of 3%. If it sells up to 21,100 units, it will grant a rebate of 5%. if it sells up to 32,200 units, it will grant a rebate of 6%. In the first quarter of the year, Monty sells 9.900 units to Flounder at a sales price of $99.000. Monty, based on past experience, has sold over 36,200 units to Flounder, and these sales normally take place in the third quarter of the year What amount of revenue should Monty report for the sale of the 9,900 units in the first quarter of the year. Revenue $
