Business, 02.12.2021 21:50 jayla69

ï»¿ Cheap Tickets Now (CTN) is a company that specializes in offering deeply discounted tickets on major airlines and cruise ships. According to the agreement that CTN has with the transportation companies, CTN receives 5 percent of the ticket price as commission. CTN collects the full ticket price from the purchaser and remits the ticket price less the commission to the airline or cruise ship company. The airline and cruise ship companies are responsible for fulfilling the contract by providing the transportation. During the month of January, CTN's airline and cruise ship ticket sales totaled $350,000. According to the revenue rules in a principal-agent relationship, what is the total revenue that CTN will record for January ticket sales?

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