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Supplier A always offers all its customers a volume discount of $1.00 on each unit purchased if more than 50,000 units are purchased during the
Supplier A always offers all its customers a volume discount of $1.00 on each unit purchased if more than 50,000 units are purchased during the calendar year. Customer B had received the rebate for the last four years. By their year end on August 31 of the current year, Customer B had already purchased 35,000 units at $25 per unit. As they were coming into their slow season they expected to purchase 12,000 more units by the end of December. What would be the amount of rebates receivable B would report on their year end financial statements? Select answer from the options below $50,000 $47,000 $35,000 $0.00
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