Try seperating the triangle and rectangle
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.
Divide 71,290 with 2
71,290 / 2 = 35,645
Then, divide 35,645 with 12 ( because theres 12 months in 1 year )
35,645 / 12 = 2970.42
a) 2970.42 is your answer.
16
0.2 = 3.2 gotta watch out for the decimals
Answer:
#adult tickets sold = 346
#student tickets sold = 812
Step-by-step explanation:
let 'x' = # adult tickets sold
let 'y' = # students tickets sold
System of Equations:
x + y = 1158
5x + y = 2542
I used the elimination method and multiplied the first equation by -1
-x - y = -1158
+<u> 5x + y = 2542</u>
4x = 1384
x = 346
346 + y = 1158
y = 812
