Question
Windsor Company sells goods to Sheridan Company during 2017. It offers Sheridan the following rebates based on total sales to Sheridan. If total sales to
Windsor Company sells goods to Sheridan Company during 2017. It offers Sheridan the following rebates based on total sales to Sheridan. If total sales to Sheridan are 10,900 units, it will grant a rebate of 3%. If it sells up to 18,800 units, it will grant a rebate of 5%. If it sells up to 30,900 units, it will grant a rebate of 6%. In the first quarter of the year, Windsor sells 11,800 units to Sheridan at a sales price of $129,800. Windsor, based on past experience, has sold over 42,400 units to Sheridan, and these sales normally take place in the third quarter of the year. What amount of revenue should Windsor report for the sale of the 11,800 units in the first quarter of the year: $____________
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