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Charlotte Richards (CR) shipped 100 desks Universal Desks (UD) on consignment on September 1. CR's cost for the desks is $600 each and they are
Charlotte Richards (CR) shipped 100 desks Universal Desks
(UD) on consignment on September 1. CR's cost for the desks is
$600 each and they are sold to UD for $800. UD then retails them
for $1,200 each. By the end of September, Universal Desks
reported that they had sold 50 of these desks, and remitted the
appropriate amount to CR. How much revenue should be recorded
by CR in connection with this transaction?
a.$ 30,000
b.$ 40.000
c.$ 48.000
d.$ 60,000
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