Question
Mr X enrolls in a 12-month customer service assistance program for a computer software from CYBER COMPANY costing P1,200 per month on August 1, 20x8.
Mr X enrolls in a 12-month customer service assistance program for a computer software from CYBER COMPANY costing P1,200 per month on August 1, 20x8. Given that the computer assistance occurs evenly throughout the year, CYBER COMPANY uses the proportion of time as its measure for membership revenue, what is the amount of sales revenue to be recognized on December 31?
CLEANING COMPANY was outsourced by LUXURY HOTEL to clean and prepare exactly 5,000 rooms for a an agreed contract price of P5,000,000. CLEANING COMPANY is to clean and prepare the rooms on a daily basis rom August 1, 20x8-July 1, 20x9. How should CLEANING COMPANY recognize revenue?
CAR WASH KING recently started a promotion by selling a car wash pass to their customers. The three-month pass for unlimited car wash costs P600. The company estimates that their customers wash their cars equally throughout the three=month period. On December, the first batch of customers purchased P12,000 worth of the three-month passes. The purchases of the passes occurred evenly throughout December. What is the amount of sales revenue to be recognized in December?
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