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Know-it-all is a company that provides cellular phone sales and services. The company offers different packages to suit different customers. For example, for one model
Know-it-all is a company that provides cellular phone sales and services. The company offers different packages to suit different customers. For example, for one model of ph the Cranberry 403, the company gives its customers the following options. (Click the icon to view the options.) Required a. Determine the amount and timing of revenue that Know-it-all should recognize if a customer chooses Option A. Repeat for Options B and C. (You may ignore the time value of money for this question.) b. To ensure the validity of your approach in part (a), what else should you consider? Requirement a. Determine the amount and timing of revenue that know-it-all should recognize if a customer chooses Option A. Repeat for Options B and C. (You may ignore time value of money for this question.) (For monthly cellular services, round your answer to the nearest cent. For entries with a $0 balance, make sure to enter "0" in the appropri column.) Revenue allocation Phone: immediate recognition Cellular services Total Option A Per month Option B Per month Option C 0 i More Info Enter any number in the edit fields and then click C parts remaining Option A: Cranberry 403 provided free with a three-year contract at $49 per month for cellular services. Option B: Cranberry 403 purchased at $420 with a one-year contract at $49 per month for cellular services. Option C: Cranberry 403 purchased for $570 with no contract. Check
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