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A firm sells a TV with a three-year warranty for $2,000. The firm also sells the TV without a warranty for $1,750. As an alternative
A firm sells a TV with a three-year warranty for $2,000. The firm also sells the TV without a warranty for $1,750. As an alternative to the firms warranty, a customer may purchase a warranty from a competitor for $350. When the TV is delivered, the revenue that must be deferred based on the residual value method is (round it to the closest dollar, i.e., no decimal place) $ ______
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