During the month of March, Jolly Tar sells 10 units 2 points of a product...
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Accounting
During the month of March, Jolly Tar sells 10 units 2 points of a product for $200 each to SandyBeach.
SandyBeach can claim a 5% prompt payment discount if the invoice is paid within 30 days.
SandyBeach has also been subject to bankruptcy rumours in the national press. Jolly Tar estimates that there is a 20% probability that SandyBeach will not pay for the goods.
What amount of revenue will be included in Jolly Tar's profit or loss in respect of this transaction?
O $0
$1,600
$1,900
O $2,000
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