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Grouper Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $57,600. Grouper
Grouper Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $57,600. Grouper normally sells its riding mowers for $11,520 and its push lawn mowers for $768. The contract required the City of Halifax to pay Grouper once all of the merchandise has been delivered to the city's public works yard. Grouper's management does not expect any returns or any issues with payment. Grouper delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Grouper received payment from the city on May 18. Grouper's cost for each riding mower is $7,968, while the push mowers cost the company $500 each. (a) *Your answer is incorrect. Determine the amount of revenue that Grouper would be able to recognize in April. Revenue Recognized Riding mowers 46080 Push lawnmowers Total 15360 61440
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