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How much revenue should doggy bag llc report

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Reference no: EM132971575

Doggy Bag LLC is a subscription-based food delivery service. Doggy Bag LLC purchases food from local grocery stores and restaurants that is about to expire at a large discount. Doggy Bag LLC then delivers the food to the customer's home.

  • Customers pay a $421 yearly membership fee, plus a variable amount with each delivery for the food itself. The variable amount typically is between $7 and $11 per delivery. Doggy Bag LLC remits the variable amount directly to the grocery store or restaurant from which it purchased the food.
  • In 2018, the company had 22 customers who paid the yearly membership fee. Customers received food deliveries 75 times in 2018 (approximately 1.5 deliveries per week). The average amount collected in variable amounts for the food itself was $10.50 per delivery .

Problem 1: How much revenue should Doggy Bag LLC report for 2018?

Reference no: EM132971575

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