A company bundles a product and service that separately sell for $40 and $60, respectively. If the
Question:
A company bundles a product and service that separately sell for $40 and $60, respectively. If the bundled price is $80, how much revenue is recognized for delivering the product?
a. $32
b. $40
c. $60
d. $80
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The correct answer is b 40 The revenue for delivering the product i...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
Question Posted:
Students also viewed these Business questions
-
Service revenue is recognized either at one point in time or over extended periods. Explain the rationale for recognizing revenue using these two approaches.
-
How is revenue recognized for real estate sales?
-
How is revenue recognized for retail land sales?
-
Under a plan of complete liquidation, Coast Corporation distributes land with a $300,000 adjusted basis and a $400,000 FMV to William, a 25% shareholder. William has a $200,000 basis in his Coast...
-
Find the work for Problem 3.101. A piston/cylinder arrangement is loaded with a linear spring and the outside atmosphere. It contains water at 5 MPa, 400C with the volume being 0.1 m3. If the piston...
-
A jeans maker is designing a new line of jeans called the Slims. The jeans will sell for $ 205 per pair and cost $ 164 per pair in variable costs to make. (1) Compute the contribution margin per...
-
Discuss the reasons for and types of organisational flexibility LO5
-
Chelsea Truman sells celebrity magazines on Sunday morning in an area surrounded by three busy shopping centers. Demand for the magazines is distributed as shown in the following table: Chelsea has...
-
The expected return on the market is 9%. The CAPM required rate of return on a stock with a beta of 1.5 is 14%. What is the risk-free rate? 3% 1% 8% 0.33%
-
CableTech Bell Corporation (CTB) operates in the telecommunications industry. CTB has two divisions: the Phone Division and the Cable Service Division. The Phone Division manufactures telephones in...
-
Use the information in M5-10 to identify outstanding deposits that should be included in the May 31 bank reconciliation. Data From M5-10 Use the following bank statement and T-account to identify...
-
A $1,000 sale is made on May 1 with terms 2/30, n/60. Items with a $100 selling price are returned on May 3. What amount, if received on May 9, will be considered payment in full? a. $700 b. $800 c....
-
For each function f, construct and simplify the difference quotient f(x + h) - f(x) / h. (a) f(x) = 3x - 5 (b) f(x) = 4x - 1 (c) f(x) = 6x + 2
-
Explain why its important to study management.
-
Wildhorse has not logged since 2016. If Wildhorse logged and sold 1,062,000 board feet of timber in 2027, when the timber cruise (appraiser) estimated 5,900,000 board feet, determine the cost of...
-
Y = AK[1-a R P = QAKa-1[1-a W P = (1 -Q) AKL-a 1= 14 1 -4 Y = C
-
Inferring Transactions from Financial Statements (FSET) Wired.com Inc. is a large e-commerce company, with over $31 billion in revenues for the fiscal year ended December 31, 20X2. For the year ended...
-
Finding Standard Deviation from a Frequency Distribution. In Exercises 37-40, refer to the frequency distribution in the given exercise and compute the standard deviation by using the formula below,...
-
The following is financial information for three companies. Required For each of the above companies, calculate the cash flow from operations using the indirect method. Movilla Ltd. Kotei & Sons Ltd....
-
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
-
Wolverine World Wide, Inc., manufactures military, work, sport, and casual footwear and leather accessories under a variety of brand names, such as Caterpillar, Hush Puppies, Wolverine, and Steve...
-
Sysco, formed in 1969, is Americas largest marketer and distributor of food service products, serving nearly 250,000 restaurants, hotels, schools, hospitals, and other institutions. The following...
-
The following list includes a series of accounts for B- ball Corporation, which has been operating for three years. These accounts are listed alphabetically and numbered for identification. Following...
-
Question 24 Not yet answered Marked out of 1.00 P Flag question Muscat LLC's current assets and current liabilities are OMR 258,000 and OMR 192,000, respectively. In the year 2020, the company earned...
-
Question 24 Miami Company sold merchandise for which it received $710,400, including sales and excise taxes. All of the firms sales are subject to a 6% sales tax but only 50% of sales are subject to...
-
f the IRS intends to close a Taxpayer Assistance Center, they must notify the public at least _____ days in advance of the closure date. 14 30 60 90
Study smarter with the SolutionInn App