On June 1, Electronics Distribution Ships 100 TVs to TV

question 31

Multiple Choice

On June 1, Electronics Distribution ships 100 TVs to TV World on consignment. Electronic Distribution's pays its wholesaler $500 for each TV. It then sells each TV for $800 to its retail customers including TV World. At the end of June, TV World sold 50 units. How much revenue should be recorded by Electronics Distribution for the month of June?

• A)$80,000
• B)$50,000
• C)$40,000
• D)$25,000

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Definitions:

Unusual Circumstances

Situations that are not common or expected and often require special consideration or handling.

Prove

To establish the truth or validity of something through evidence or argument.

Tortious Act

A wrongful action causing harm or injury to another, leading to civil legal liability outside of breach of contract.

Damages

Financial compensation that a party is ordered to pay to another as a result of harm or injury.