Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
maniacal monogram company sold a monogram machine and a 2 year service contract to able ascots for a bundled proce of 8 5 0 0
maniacal monogram company sold a monogram machine and a 2 year service contract to able ascots for a bundled proce of 8 5 0 0 0 . The monogram machine if sold seperately would retail for 8 0 0 0 0 . The 2 year service contract can be pruchased on a standalone basis for 1 5 0 0 0 . Maniacal delivered the machine on nov 3 0 with the service contract also starting the same day. the amoyng of revenue maniacal would recognize from the service contract at the end of the year on dec 3 1 is closest to ? 1 1 2 0 , 6 2 5 , 1 5 0 0 0 , 5 6 0 , 1 2 5 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started