Holmgren Seafoods, Inc. catches and processes salmon and tuna caught off the coast of Maine. In May 2018, it placed 100 freshly caught wild salmon with a retail price of $75 each in Joe's Fish Shop. Holmgren's contract with the shop stipulates that the shop will earn a 15% commission on each salmon sold. Joe's is responsible for purchasing any fish that remain unsold at the end of a three-day period.
Required:
During the three-day period, Joe's Fish Shop was able to sell 88 of the 100 salmon. How much revenue should Holmgren recognize with respect to this transaction?

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The Answer of Holmgren Seafoods, Inc. catches and processes salmon and tuna caught off the coast of Maine. In May 2018, it placed 100 freshly caught wild salmon with a retail price of $75 each in Joe's Fish Shop. Holmgren's contract with the shop stipulates that the shop will earn a 15% commission on each salmon sold. Joe's is responsible for purchasing any fish that remain unsold at the end of a three-day period.
Required:
During the three-day period, Joe's Fish Shop was able to sell 88 of the 100 salmon. How much revenue should Holmgren recognize with respect to this transaction?