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Cheyenne Company sells goods to Ayayai Company during 2020. It offers Ayayai the following rebates based on total sales to Ayayai. If total sales
Cheyenne Company sells goods to Ayayai Company during 2020. It offers Ayayai the following rebates based on total sales to Ayayai. If total sales to Ayayai are 9,500 units, it will grant a rebate of 3%. If it sells up to 20,000 units, it will grant a rebate of 5%. If it sells up to 28,000 units, it will grant a rebate of 6%. In the first quarter of the year, Cheyenne sells 11,700 units to Ayayai at a sales price of $105,300. Cheyenne, based on past experience, has sold over 37,300 units to Ayayai, and these sales normally take place in the third quarter of the year. What amount of revenue should Cheyenne report for the sale of the 11.700 units in the first quarter of the year. Revenue
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