(Solved by Humans)-Help Please Consider each of the following scenarios for Bunsen
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Consider each of the following scenarios for Bunsen Suppliers Company:
- The common practice of Bunsen Suppliers is to obtain a written sales agreement. When an Anson Store called on the phone with an urgent need, however, Bunsen orally agreed to deliver goods in exchange for $6,000, then immediately delivered these goods to Anson without a written agreement.
???Bunsen?Suppliers?has?a?written?agreement?to?deliver?goods?to?Comfort?Inc.?for?$110?per?unit.?The?price?will?drop?to?$95?per?unit?for?all?units?if?Comfort?purchases?more?than?1,000?units?per?month.????Bunsen?Suppliers?has?a?written?agreement?with?Darwin?Company?to?deliver?800?units?of?product?each?Saturday?Afternoon.?Darwin?can?alter?the?quantity or cancel?a?delivery?any?time?before?noon?Saturday.?Required:?Determine?if?a?contract?exists?for?each?of?these?scenarios?and?comment?on?revenue?recognition?issues.?
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This question was answered on: 10 May, 2025
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