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Legal Seafoods catches and processes salmon. In January 2020, it placed 100 wild salmon with a retail price of $75 each in Boston Fish Shop.
Legal Seafoods catches and processes salmon. In January 2020, it placed 100 wild salmon with a retail price of $75 each in Boston Fish Shop. According to Legals contract, Boston Fish will earn a 15% commission on each salmon sold. Boston Fish is responsible for purchasing any fish that remain unsold after three days. During the three-day period, Boston Fish sold 75 of the 100 salmon. How much revenue should Legal Seafoods recognize with respect to this
a. $3,750
b. $7,500
c. $1,875
d. $0
e. $5,625
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