O' Hara Associates sells gulf clubs and with each sale of a full set of clubs provides complementary club-fitting ? cc,: A full set of clubs with the fitting services sells for S1,500. O'Hara estimates that it incurs $60 of staff compensation and other costs to provide the fitting services, and normally cams 30% over cost on similar services, Assuming that the golf clubs and the club fitting services are separate performance obligations, estimate !toe selling price of the club-fitting services using the expected cost plus margin approach. O' Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A full set of clubs with the fitting services sells for $1,500. O'Hara sells the same clubs without one service for $1,400. Assuming that the golf clubs and the club-fitting services are separate performance obligations, estimate the stand-alone selling price of the club fitting services using the residual approach. Saar Associates sells two licenses to Kim & Company on September 1, 2016. First, in exchange for $100,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which Kim can use permanently. Second. in exchange for $90,000. Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar Associates, which Saar advertise on an ongoing basis. How much revenue will Saar recognize in 2016 under this arrangement? O' Hara Associates sells gulf clubs and with each sale of a full set of clubs provides complementary club-fitting ? cc,: A full set of clubs with the fitting services sells for S1,500. O'Hara estimates that it incurs $60 of staff compensation and other costs to provide the fitting services, and normally cams 30% over cost on similar services, Assuming that the golf clubs and the club fitting services are separate performance obligations, estimate !toe selling price of the club-fitting services using the expected cost plus margin approach. O' Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A full set of clubs with the fitting services sells for $1,500. O'Hara sells the same clubs without one service for $1,400. Assuming that the golf clubs and the club-fitting services are separate performance obligations, estimate the stand-alone selling price of the club fitting services using the residual approach. Saar Associates sells two licenses to Kim & Company on September 1, 2016. First, in exchange for $100,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which Kim can use permanently. Second. in exchange for $90,000. Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar Associates, which Saar advertise on an ongoing basis. How much revenue will Saar recognize in 2016 under this arrangement
