Cooper Inc. sells a product that involves two separate performance obligations: the SwingRight golf club weight and the SwingCoach teaching software, Swing Right has a stand-alone selling price of $180. Cooper sells both the SwingRight and the SwingCoach as a package deal for $260. The SwingCoach software is not sold separately. Cooper is aware that other vendors charge $160 for similar software, and Cooper's prices are generally 10% lower than what is charged by those vendors, Wilson estimates that it incurs approximately $95 of cost per copy of the software, and usually charges 50% above cost on similar products, Estimate the stand-alone selling price of the software using the expected cost plus margin approach. Multiple Choice O $80.00 $74.00 $144.00 Explodia.com sells fireworks over the Internet. Customers access Explodia's website and select particular products, and Explodia refers the customer order to a fireworks manufacturer who fulfills the order, ships to the customer, and pays Explodia a 20% commission. A customer ordered $5,000 fireworks from Phantom Fireworks through Explodia.com and the fireworks cost $2,000 to manufacture. Explodia's income statement would include the following with respect to this transaction: Multiple Choice Revenue of $5,000 and cost of sales of $3,000. Revenue of $1,000. O Revenue of $5,000. O Revenue of $5,000, and cost of sales of $2,000. Explodia.com sells fireworks over the Internet. Customers access Explodia's website and select particular products, and Explodia refers the customer order to a fireworks manufacturer who fulfills the order, ships to the customer, and pays Explodia a 20% commission. A customer ordered $5,000 fireworks from Phantom Fireworks through Explodia.com and the fireworks cost $2,000 to manufacture. Explodia's income statement would include the following with respect to this transaction: Multiple Choice Revenue of $5,000 and cost of sales of $3,000. O Revenue of $1,000. Revenue of $5,000. Revenue of $5,000, and cost of sales of $2,000. Red Corp. sells Green Co. equipment under an arrangement whereby Red Corp. delivers the equipment on January 1, 2021 and receives payment on June 30, 2022. When subsequent payment occurs, Red Corp. will record a journal entry that includes: Multiple Choice O Credit to sales revenue. Credit to discount on notes receivable. O Credit to cash. O Credit to interest revenue