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:
The percent decrease was 20%
Step-by-step explanation:
In order to find this, use the percent change equation.
(New - Old)/(Old) * 100 = % Change
Now input 48 for the New price and 60 for the Old price.
(48 - 60)/(60) * 100 = % Change
12/60 * 100 = % Change
.2 * 100 = % Change
20 = % Change
Answer:
Volume = 200.96 cubic feet
Step-by-step explanation:
Volume of a cone is given by the formula 
Where r is the radius and h is the height
Given r = 4 and height is 3 times that. So height is 4*3 = 12
Plugging these into the formula we get:
Volume of Cone = 
Thus, Volume = 200.96 cubic feet
The solution to your problem is m>-2
