On April 15, Topper Company Agrees to a Contract to Sell

question 93

Multiple Choice

On April 15, Topper Company agrees to a contract to sell 9,000 tie-dyed flags for $45,000 to PeaceTime, Inc. On August 1, after 5,000 flags have been delivered, Topper and Peace modify the agreement to sell an additional 6,000 flags for $21,000 which is significantly lower than Topper's stand-alone selling price at that time. During August, Topper delivers 1,000 flags. How much revenue will Topper recognize for the month of August?

• A) $5,000
• B) $4,400
• C) $4,250
• D) $4,100

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Definitions:

Social Entrepreneur

An individual who establishes an enterprise with the aim of resolving social problems or effecting social change.

Home Composting

The process of converting organic waste materials into valuable soil conditioners through controlled decomposition at home.

Social Entrepreneurs

Individuals who pursue innovative solutions to social problems with the goal of creating social change, often combining resources in new ways.

Nonprofit

Organizations that operate without the primary goal of financial profit, focusing instead on philanthropic, social, educational, or other community-focused missions.