On July 15, Zink Jewels agrees to a contract to sell 4,000 promise rings for $100,000 to Costless Stores, Inc On October 1, after 2,000 rings pair of have been delivered, Zink and Costless modify the agreement to reduce the price of the remaining 1,000 rings to $12 each. During October, Zink Jewels delivers 600 rings. How much revenue will Zink recognize for the month of October?
A) $13,050
B) $7,200
C) $3,300
D) $2,175
C
You might also like to view...
The negotiation training stresses that sales representatives should avoid making price the focal point of the presentation. This requires the sales representatives to refocus on:
A) positioning the product on quality instead of price B) using the postponement method when asked about price C) timing the presentation to mention price last instead of first D) using the pricing sheet to create tiers of discounts E) targeting sales to buyers with less money
Asset use transactions always involve the payment of cash.
Answer the following statement true (T) or false (F)
Peter, the CEO of a multinational company, has a deep understanding of other people's needs and behaviors. He easily relates to another's situation, feelings, and motives—all qualities that strongly predict a high level of ethical leadership. Given this information, Peter most likely possesses _____.
A. interpersonal reflex B. personal empathy C. alexithymia D. mind-blindness
Regarding the Drug-Free Workplace Act, which of the following is NOT true? The Act requires that:
a. all employers adopt a drug-free workplace policy b. employers with drug policies inform their employees about the dangerous associated with drug use c. employers with drug policies provide counseling and rehabilitation d. employers with drug policies advise employees about the potential penalties for drug violations