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answers please On July 15, 2018, Ortiz & Co, signed a contract to provide Everfresh Bakery with an ingredientweighing system for a price of $90,000.

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On July 15, 2018, Ortiz \& Co, signed a contract to provide Everfresh Bakery with an ingredientweighing system for a price of $90,000. The system included finely tuned scales that fit into Everfresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems) If Ortiz was to provide these goods or services separately, it would charge $60,000 for the scales, $10,000 for the software, and $30,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2018. and the calibration service commenced on that date. Assume that the scales, software and calibration service are all separate performance obligations: How much revenue will Ortiz recognize in 2018 for this contract? 10 63,000 74,250 90,000 Question 19 5 pts Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. Under the terms of the contract, 12 Banners will pay Rothbart a total of $60.000, and 12 Banners can cancel the contract if it so chooses but must pay Rothbart for work completed. Rothbart believes that, if 12 Banners cancelled the contract. Rothbart couild sell the bumper cars to another amusement park and still make a profit. The manufacturing contract is expected to last six months. and as of December 31,2018 , the job is 8006 complete. How much revenue should Rothbart. recognize in 2018 for this contract? 10 12,000 48,000 60.000

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