Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

includes the sells a tablet computer called the Protab. The s97o sales price of a Protab Package following: One Protab computer. A6-month limited warranty. This

image text in transcribed
image text in transcribed
includes the sells a tablet computer called the Protab. The s97o sales price of a Protab Package following: One Protab computer. A6-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 $375, that represents a 40% utilized. from the regular Probook price of $625. It is expected that 20% of the discount coupons will be A coupon to purchase a one-year extended warranty for $50. Customers can buy the extended warranty for $50 at other times as well. Creative estimates that 35% of customers will purchase an extended Creative does not sell the Protab without limited warranty, option to purchase a Probook, and the option to purchase an extended the estimates that if it did so, alone would sell $950. warranty, customers must pay $85 to purchase the extended warranty if they don't purchase it with the $50 coupon to purchase an in the Protab Creative estimates that 35% of customers wil use the $50 coupon extended warranty. Required: 1. & 2. below each item is a separate performance obligation allocate transaction price of 80,000 Protab Packages to the performance obligations in the Contract. Percentage of Total Item Descrption Obligation? Stand Alone Price Stand Alone Price Protab tablet Limited 6 month warranty option to purchase a Probook option to purchase extended warranty Total stand alone price Total Stand K Total Transaction Allocated Contract Alone Price Price Item Descrption Protab tablet Limited 6-month warranty option to purchase a Probook option to purchase extended warranty Total contract price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Safety Health And Environmental Auditing A Practical Guide

Authors: Simon Watson Pain

1st Edition

1439829470, 978-1439829479

More Books

Students also viewed these Accounting questions