A hotel contracts to build a pool on March 1 and Pays 50% of the total cost at the beginning and the remaining 50% at completion on may 31.

How much revenue should this pool contractor recognize for the month of March?

• $0
• $4,000
• $16,500
• $33,000

A customer purchases an extended warranty on December 1 of the year 20x1 for a piece of lawn equipment. The price of the warranty is $1,680, and the period of the extended warranty is two years. How much revenue should the seller of the warranty recognize in year 20x1?

• $70
• $840
• $1,610
• $1,680