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.
The order from least to greatest negative four and seven tenths repeating, negative four and eight ninths, 490%, and −4.9 from least to greatest is; option A
- −4.9,
- negative four and eight ninths
- four and seven tenths repeating
- 490%,
<h3>Ascending order</h3>
four and seven tenths repeating
= 4.77777777
negative four and eight ninths
= -4 8/9
= -4.888888888888888
490%
= 490/100
= 4.9
−4.9
Rearranging from least to greatest (ascending order)
- -4.9
- -4.888888888888888
- 4.77777777
- 4.9
Learn more about ascending order;
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Answer:
minimum 380 student tickets must be sold.
Step-by-step explanation:
c) 500x7=3500
intended =5400
5400-3500=1900
1900/5= 380
