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What amount of revenue should gemini recognize

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Reference no: EM133173932

Question - On September 1, 2021, Gemini Company sold 200,000 key chains to Leo Company at $3 per chain. 100,000 of the chains were delivered on December 1, 2021, and the remaining chains were delivered on January 18, 2022. Payment terms were 50% due upon placement of order, 25% due on delivery 1, and 25% due on delivery 2. What amount of revenue should Gemini recognize in 2021? Gemini's fiscal year is the same as the calendar year.

a. $600,000

b. $300,000

c. $450,000

d. $150,000

e. None of the answers are correct

Reference no: EM133173932

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