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DaniilM [7]
3 years ago
13

James Corporation is an agent of Alten Corporation. Their agreement specifies that James will receive a commission equal to 15%

of the sales price. During May, James sells goods with a sales price of $200,000 for Alten. For the month ended May 31, Alten Corporation should recognize revenue of:
Business
1 answer:
Alex3 years ago
5 0

Answer:

$200,000

Explanation:

Given that

Commission = 15% of the sales price

Sales price of the goods = $200,000

So by considering the above information, the revenue should be recognized of $200,000 as it represents the sale price of the goods i.e revenue and the same is to be recorded in the books of accounts

Therefore, the commission percentage is ignored in this case

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7 0
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When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.
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K units of capital and L units of labor.

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• Level K is fixed at 5 units

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