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Larkspur Company sells goods to Cullumber Company during 2020. It offers Cullumber the following rebates based on total sales to Cullumber. If total sales to
Larkspur Company sells goods to Cullumber Company during 2020. It offers Cullumber the following rebates based on total sales to Cullumber. If total sales to Cullumber are 10,100 units, it will grant a rebate of 2%. If it sells up to 19,700 units, it will grant a rebate of 5%. If it sells up to 32,800 units, it will grant a rebate of 5%. In the first quarter of the year, Larkspur sells 10,400 units to Cullumber at a sales price of $114,400. Larkspur, based on past experience, has sold over 37,900 units to Cullumber, and these sales normally take place in the third quarter of the year. What amount of revenue should Larkspur report for the sale of the 10,400 units in the first quarter of the year. $ Revenue
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