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    dwatkins1025's Avatar
    dwatkins1025 Posts: 5, Reputation: 1
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    #1

    Apr 12, 2007, 01:55 PM
    additional Revenue
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Apr 12, 2007, 06:36 PM
    12,000 is correct.
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