Given the Following Information,how Much Revenue Would Be Recognised in June

question 7

Multiple Choice

Given the following information,how much revenue would be recognised in June? (i) Credit sales of $100 000 in June,20% to be collected in June.
(ii) Collected $70 000 in June from customers for May sales.
(iii) Received a deposit in June from a customer for $30 000 for work to be carried out in August.

• A) $90 000
• B) $10 000
• C) $120 000
• D) $130 000.

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Definitions:

1870

The year that marks a significant period post-Civil War in the United States, characterized by Reconstruction efforts and the early stages of industrialization.

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A situation where the number of people exceeds the capacity of the environment to support life at a decent standard of living.

Scarcity Of Land

The limited availability of land resources relative to demand, often leading to competition and increased value.