Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / ABC Company collected $3,600 in May of 2013 for 6 months of service which would take place from September of 2013 through February of 2014
ABC Company collected $3,600 in May of 2013 for 6 months of service which would take place from September of 2013 through February of 2014. The revenue reported from this transaction during 2013 would be:
$1,800
$2,400
$0
$3,600
Computation of Revenue for 2013:
Amount of Revenue per Month = $3,600/6 = $600
Number of Months in 2013 = 4
Revenue Generated = $600 * 4 = $2,400
So, the correct option is 2nd "$2,400"
