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Company A enters into a contract with Company B on March 1, and end on Nov. 31. Company A will exchange 100 clothes at discount
Company A enters into a contract with Company B on March 1, and end on Nov. 31. Company A will exchange 100 clothes at discount as well as 100 glasses. The regular wholesale price of clothes is $85, and cost to produce the glasses is $10. All goods company A sells has profit margin of 60%. Company B agrees to pay $9000 in marketing over the life of contract. company A recognizes $9000 when contract is signed. Fifty Clothes and glass will be delievered at March 1, 25 on June 1, 25 in August 1.
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Company A has entered into contract for which it has received 9000 as contract price Under cont...
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