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makkiz [27]
3 years ago
14

Aria Perfume, Inc., sold 2,870 boxes of white musk soap during January of 2021 at the price of $80 per box. The company offers a

full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 4% of sales will be returned.
How many performance of obligations are there in each sale of a box of soap?
How much revenue should Aria recognize in January?
Business
1 answer:
natta225 [31]3 years ago
3 0

Answer:

a. One performance obligation

b. Revenue $220,416

Explanation:

a. Based on the information given the PERFORMANCE OF OBLIGATIONS that are there in each sale of a box of soap is ONE.

b. Calculation to determine How much revenue should Aria recognize in January

Using this formula

Revenue= (Number of boxes sold × Price per box) - (Sales returned percentage ×Number of boxes sold* Price per box)

Let plug in the formula

Revenue=( 2,870 boxes × $80)- (4% × 2,870 boxes × $80)

Revenue= $229,600 - $9,184

Revenue= $220,416

Therefore revenue that Aria should recognize in January is $220,416

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djyliett [7]

Answer:

Estimate consumer demand based on sales. Calculate the average monthly sales value of each item or group of items; this will give you an estimate of demand. For example, if you have average sales of books valued at $3,000, then you can estimate the market demand for books to be $3,000.

Explanation:

you didn't really specify what for, so I just went with the easiest explanation...

8 0
3 years ago
The start up costs for a project are $25,000. The cost of capital for the firm is 12%. The sum of the present value of the cash
Kobotan [32]

Answer:

net present value = $1,420.14

Explanation:

given data

start up costs  = $25,000

cost of capital = 12%

present value of the cash flows = $26,420.14

solution

we get here net present value will be express as here

net present value = present value of the cash flows for the first three years - start up costs ........................1

put here value and we get

net present value = $26,420.14 - $25,000

net present value = $1,420.14

6 0
3 years ago
Goods X and Y are complements. If the price of Good X decreases, this will cause a movement ________ the demand curve for Good X
notsponge [240]

Answer:

along, outward

Explanation:

Complementary goods are goods that complement each other in demand. An increase in quantity demanded of one product leads to increase in sand of the other.

For example tea and sugar. Since tea and sugar are taken together, an increase in demand for tea should result in increased demand for sugar also.

So a decrease in X above will lead to increased demand for X which also increase demand for its complement (Y).

An outward shift in Y means that at all prices Y's demand has increased (demand shift outward).

8 0
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As the manager of a successful accounting firm, you know that from January to April, your employees often feel great amounts of
Vadim26 [7]

Answer:

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Answer: Yes they are

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This is a Shrink-Wrap Agreement which means that in order to use a product, one has to accept the conditions that come with it. The term gets its name from the agreement printed on the shrink-wrap (plastic wrap) of a product. Tearing it off and using that product implies that you agree to the terms printed.

Bequator Corp., in buying the phones agreed with TracFone Wireless Inc's condition that the buyer will <em>"not to tamper with or alter the software"</em>. Bequator however went ahead and tampered with the phones they bought such that the phones could now be used on other networks.

This is a clear violation of the condition that TracFone sold it to them under which means that Bequator Corp. is quite liable for breach of contract.

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