Question
Nash Inc. sells prepaid telephone cards to customers. Nash then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines related to
Nash Inc. sells prepaid telephone cards to customers. Nash then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines related to the prepaid telephone cards. Assume that Nash sells $4,000of prepaid cards in January 2017. It then pays TeleExpress based on usage, which turns out to be55% in February,30% in March, and15% in April. The total payment by Nash for TeleExpress lines over the 3 months is $3,000.
Indicate how much income Nash should recognize in January, February, March, and April.(If answer is 0, please enter 0. Do not leave any fields blank.)
January income$
February income$
March income$
April income$
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