Excel McGraw Hill Excel Question - Saved Search (Option + Q) File Home Insert Draw Formulas Data Review View Help Calibri 11 BA Currency 98 B17 X A C D E F G H I J 12345 A company that usually sells satellite TV equipment for $50 and two years of satellite TV service for $450 has a special, time-limited offer in which it sells the equipment for $300 and gives the two years of satellite service for "free." 5 Required: If the company sells one of these packages on July 1, how much revenue should the company recognize on July 1 when it delivers the 6 equipment and receives the full price in cash? 7 (Do not round intermediate calculations.) 8 9 Input area: 10 11 Sells equipment for $50 12 Satellite TV service for two years $450 13 Time-limited offer for equipment $300 14 15 Output area: 16 17 Sales revenue 18 19 20 21 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. 22 Nothing in this area will be graded, but it will be submitted with your assignment. 23 24 25 26 27 Graded Worksheet 0.1