Question
On June 1,FD shipped 100 TVs to UTV on consignment,offering 10% commission to UTV.UTV sells them for $1200 each.By the end of June,UTV had sold
On June 1,FD shipped 100 TVs to UTV on consignment,offering 10% commission to UTV.UTV sells them for $1200 each.By the end of June,UTV had sold 60 units and remitted the appropriate amount to FD.How much cash should be remitted to FD in connection with this transaction?
A.$64800
B.$60000
C.$72000
D.$36000
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Corporate Accounting Vol 1
Authors: Dr S. Kr. Paul, Prof. Chandrani Paul
1st Edition
164725146X, 9781647251468
