How much income culver should recognize in january

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Question - Culver, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores. When Culver sells the cards, it then pays the telecommunications company, TeleExpress, less a commission of 20 percent of the selling price to customers. Culver receives $3,700 in cards in January 2020. Culver sold 55% of the cards in February, 30% in March, and 15% in April. It costs TeleExpress $2,740 to provide the telephone service on the cards sold by Culver. Indicate how much income Culver should recognize in January, February, March, and April.

Reference no: EM132949898

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