Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Check my work Creative Computing sells a tablet computer called the Protab. The $830 sales price of a Protab Package includes the following . One
Check my work Creative Computing sells a tablet computer called the Protab. The $830 sales price of a Protab Package includes the following . One Protab computer. . A 6-month limited warranty. This warranty guarantees that Creative will cover any costs that arise due to repairs or replacements associated with defective products for up to six months. A coupon to purchase a Creative Probook e-book reader for $540, a price that represents a 40% discount from the regular Probook price of $900. It is expected that 25% of the discount coupons will be utilized. . A coupon to purchase a one-year extended warranty for $55. Customers can buy the extended warranty for $80 at other . Creative does not sell the Protab without the limited warranty, option to purchase a Probook, and the option to purchase times if they do not use the $55 coupon. Creative estimates that 40% of customers will purchase an extended warranty. an extended warranty, but estimates that if it did so, a Protab alone would sell for $810. Check my work Complete this question by entering your answers in the tabs below. Req 1 and 2 Rq3 Indicate below whether each item is a separate performance obligation and allocate the transaction price of 90,000 Protab Packages to the separate performance obligations in the contract. Percentage of Total Price Item Descrption Obligation? Stand Alone Price Stand A Protab tablet Limited 6-month Option to purchase a Probook Option to purchase extended w nty Percentage of
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started