dwatkins1025
Apr 12, 2007, 01:55 PM
homework question
Your company sells a product for another company and receives a commission of 10% on sales. By the end of your company's fiscal year, and your company had sales of 200,000 and received $8,000, which was credited to revenue. How much additional revenue must be recorded this year? My answer was 12,000 because 200,000*.10=20,000-8,000=12,000. AM I correct
Your company sells a product for another company and receives a commission of 10% on sales. By the end of your company's fiscal year, and your company had sales of 200,000 and received $8,000, which was credited to revenue. How much additional revenue must be recorded this year? My answer was 12,000 because 200,000*.10=20,000-8,000=12,000. AM I correct