How many dollars were collected by the tenth member of the art club?
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.
2p Determine the value of a such that the system of equations below would have an infinite number of solutions?
18x + 12y = 36
ax – 8y =- 24
Answer: a=-12
Answer:
its 136
Step-by-step explanation:
n - a number
14. Nine more than the square of a number: n² + 9.
15. Twice the difference between a number and ten: 2(n - 10)