Please help me!

11. which of the following is not a performance obligation?

a. the extended-warranty separately purchased by a customer when purchasing a large refrigerator

b. the cell phone that Verizon provides free when a customer commits to a 2-year service contract; Verizon also sells the phones and service contracts separately

c. the right of a customer to return a product if it is still in salable condition

d. the option to purchase additional goods at a very large discount; retailer provides this discount when a customer purchases selected items at regular price

12. A large local bicycle retailer ran a special promotion in October which resulted in the sale of 1,000 road bicycles for the mount, each of the discounted price of $1,800. Each of the 1,000 bicycles normally sells for $2,000 but the promotion included a full 2-year maintenance contract which normally sells separately for $150. The contract provides full maintenance on the bicycle for 2 years beginning. November 1. What amount of maintenance revenue is recognized for the month of November, on the sale of these 1,000 bicycles.

a. 5,233

b. 4,826

c. 5,134

d. 6,068

e. 5,873

13. A local non-chain drug store is selling special wrinkle-removal cream (works in 5 days!) with a coupon for a tube of super whitening toothpaste. The wrinkle cream sells for $20 per jar. A coupon for 40% off the normal price of $6 per tube of super whitening toothpaste is attached to each jar of wrinkle cream. The store anticipates that 75% of customers who purchases the wrinkle cream will use the coupon to purchase a tube of toothpaste at the discounted price. For the month of June, the store sells 2.000 jars of wrinkle cream (with coupon attached). What amount of deferred revenue is recorded for the toothpaste discount option for June.

a. 5,400

b. 4,800

c. 7,200

d. 2,800

e. 3,600

14.the contract price for a long-term contract is $20,000. The contracting firm recognize revenue over time based on the percentage of completion. $4,000 of cost was incurred on the contract in the first year, and $2,667 of gross profit was recognized at the end of the first year. $6,000 of cost was incurred on the contract in the second year, and estimated remaining cost to complete as of the end of the second year was $4,000. Compute the gross profit to be recognized for the second year.

a. 4,286

b. 1,619

c. 2,010

d. 1,842

e. 1,492

15. The contract price for a long-term contract is $1 million. The fire recognized revenues over time based on the percentage of completion. For the first year of the contract, $100,000 of gross profit was recognized. As of the end of the second year, cost incurred totaled $600,000 for BOTH years combined, and the firm estimated that another $600,000 of cost would be incurred to complete the contract after the second year. What amount of gross profit or loss is recognized for the second year.

a. 200,000 profit

b. 100,000 loss

c. 200,000 loss

d. 300000 loss

e. 100,000 profit