Question
Mark Sexton and Todd Story, the owners of S&S Air, have been in discussions with a light aircraft dealer in Monaco about selling the company's
Mark Sexton and Todd Story, the owners of S&S Air, have
been in discussions with a light aircraft dealer in Monaco
about selling the company's planes in Europe. Jarek Jacho-
wicz, the dealer, wants to add S&S Air to his current retail
line. Jarek has told Mark and Todd that he feels the retail sales
will be approximately 5 million per month. All sales will be
made in euros, and Jarek will retain 5 percent of retail sales as
a commission, which will be paid in euros. Because the planes
will be customized to order, the fi rst sales will take place in
one month. Jarek will pay S&S Air for the order 90 days after
it is fi lled. This payment schedule will continue for the length
of the contract between the two companies.
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