Answer:
Performance obligation:
Revenue is recognized by a company if the contractual obligations are satisfied by transferring the goods and services to a customer. A performance obligation must be identified and separated.
The purchase of vacuum cleaner contract gives raise to only one implied performance obligation. The warranty given is not a performance obligation but a quality assurance. And the warranty cost does not satisfy the contractual obligation of sale.
The one-year warranty is given only on the purchase of the vacuum cleaner. This warranty cannot be sold separately.
Therefore. V should recognize this cost as a warranty expense in the period of sale.
The extended warranty for a period of three years is sold separately. This is a separate performance obligation since the warranty for quality assurance is extended beyond the original period of one year.
This warranty can be purchased by customers separately which is priced separately from the product. This extended period warranty is not included in the implied contract.
Therefore, there exists only one performance obligation in the contract.
Answer:
6 items are being purchased
Step-by-step explanation:
Given that variable p represents the number of items being purchased, and the variable t represents the time required to ring up the customer, If it takes 44 seconds to ring up a customer then the number of items being purchased may be computed by substituting the value of t into the given equation
t = 4p + 20.
Using t = 44
44 = 4p + 20
collect like terms or subtract 20 from both sides
44 - 20 = 4p
24 = 4p
Divide both sides by 4
24/4 = p
p = 6
Answer:
Step-by-step explanation:
m<4= 109*
m<3= 71*
m<1= 71*
Do they give you any numbers to start out or to work with?
Answer:
1.24 would be the best option for your question
