Chuck paints seascapes and landscapes. In 2017 she placed nine of her most prized paintings...
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Accounting
Chuck paints seascapes and landscapes. In 2017 she placed nine of her most prized paintings with the Blackwright Studio Gallery. The paintings each carried a price of $10,000, and Chuck made a deal with the Gallery to pay them a 40% commission on all paintings sold. At the end of the year three paintings had been sold. How much revenue will Chuck recognize on the consignment sales?
a. $30,000
b. $18,000
c. $12,000
d. $0
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