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Use the following to answer questions 1 - 5 For the next few weeks RAD Ad Agency is offering a 15% trade discount when providing
Use the following to answer questions 1 - 5 For the next few weeks RAD Ad Agency is offering a 15% trade discount when providing advertising services of $30,000 or more to its customers to encourage customers to buy more advertising. The Agency also offers 2/10, n30 on all credit sales. All credit sales are invoiced at the end of the month. The Agency provided the following services this month; amounts are shown before trade discounts have been deducted: Designs a $30,000 ad campaign for Customer A, on account, pays in 30 days Designs a $35,000 ad campaign for Customer B- on account, pays within 10 days Designs a $25,000 ad campaign for Customer C-on account, pays within 10 days Designs a $22,000 ad campaign for Customer D-received payment last month What amount of Service revenue should the Agency record for Customer A? What amount of Service revenue should the Agency record for Customer B? _Customer B pays within 10 days, how much will they pay? Determine the monthly Service revenue for the Agency _Determine the Agency's Net service revenue for the month
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