Examlex
On April 1, Gallery Corp. entered into a two-month contract for $50,000. Gallery Corp. earned $25,000 of the contract in April and billed the customer. Gallery Corp. should recognize the revenue when it receives the customer's cheque.
Demand
The desire to own something and the ability to pay for it at a specific price.
Supply
The total amount of a product or service that is available for purchase at any given price level in a market.
Samsung
A multinational conglomerate corporation based in South Korea, known for its electronics, appliances, and technology products.
Quantity
The amount or number of a material or immaterial good or service.
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