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Marigold Company sells goods to Swifty Company during 2020. It offers Swifty the following rebates based on total sales to Swifty. If total sales to
Marigold Company sells goods to Swifty Company during 2020. It offers Swifty the following rebates based on total sales to Swifty. If total sales to Swifty are 9,200 units, it will grant a rebate of 3%. If it sells up to 19,000 units, it will grant a rebate of 5%. If it sells up to 32,900 units, it will grant a rebate of 6%. In the first quarter of the year, Marigold sells 12,000 units to Swifty at a sales price of $108,000. Marigold, based on past experience, has sold over 41,300 units to Swifty, and these sales normally take place in the third quarter of the year. What amount of revenue should Marigold report for the sale of the 12,000 units in the first quarter of the year. $ Revenue
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