CatManDoo sold 4,500 bags of kitty litter during the month of June at a price of...
CatManDoo sold 4,500 bags of kitty litter during the month of June at a price of $10/bag. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 2% of sales will be returned. How much revenue should CatManDoo recognize in June?
A.) 45,900
B.) 45,000
C.) 44,900
D.) 44,100
Homework Answers
(D) $ 44,100
Sales in june = 4500 × $ 10 = $ 45000
- sales returned = 45000 × 2 % = $ 900
Sales revenue during june = $ 44,100
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