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:
150
Step-by-step explanation:
Since the value of the bond increases by 4% each year and only 1 year passed by then the ROI is not compounded and we only need to find the value before the 4% was implemented. In order to add 4% to a value we would multiply that value by 1.04 which increases that value by 4%. So, to find the value before the interest was added we would need to divide the new value by 1.04 instead.
$156 / 1.04 = $150
Finally, we can see that the value of the bond when Tyler's mom purchased it was 150
Answer:
can u please type out the photo is too dark to see the questions
Step-by-step explanation:
Answer:
-25/21
Step-by-step explanation:
m=(y2-y1)/(x2-x1)=(15-(-10))/(-15-6)=(15+10)/-21=25/-21
I don't really understand the question
