Holmgren Seafoods, Inc

question 309

Essay

Holmgren Seafoods, Inc. catches and processes salmon and tuna caught off the coast of Maine. In May 2018, it placed 100 freshly caught wild salmon with a retail price of $75 each in Joe's Fish Shop. Holmgren's contract with the shop stipulates that the shop will earn a 15% commission on each salmon sold. Joe's is responsible for purchasing any fish that remain unsold at the end of a three-day period.
Required:
During the three-day period, Joe's Fish Shop was able to sell 88 of the 100 salmon. How much revenue should Holmgren recognize with respect to this transaction?

---

Definitions:

Genetic Component

The portion of variation in a phenotypic trait in a population that is due to genetic differences among individuals.

Concordance Rate

A statistical measure expressing the likelihood that both members of a twin pair or both siblings will share a particular disease or trait.

Monozygotic Twins

Twins that develop from a single zygote, resulting in offspring that are genetically identical.

Dizygotic Twins

Twins that are formed from the fertilization of two separate eggs by two separate sperm, also known as fraternal twins.