On April 1, 2020. Tulane Electronics enters into a contract to sell XPS computers to Precision Equipment at $100.000
On April 1, 2020. Tulane Electronics enters into a contract to sell XPS computers to Precision Equipment at $100.000, which is also the stand-alone selling price of the computers. Tulane will receive cash payment immediately. Delivery is scheduled for May 1, 2020. As part of the contract, Tulane offers a 5% discount coupon to probability that Precision will redeem the coupon, and that the coupon will be applied to $80,000 of purchases. How much earned revenue (rounded to the next Thousand will Tulane Electronics record for the sale of XPS computers?
Homework Answers
Answer:
Sale price of equipment : $100,000
Discount on coupon Provided : 5%
discount to other customers : 5%
Estimated purchases value associated with coupon discount : $60,000
Unearned Revenue will be zero, because Tulane Offers a 5% discount to each customer, so there is no worth of coupons provided by the company.
So correct answer is Option A.
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On April 1, 2020. Tulane Electronics enters into a contract to sell XPS computers to Precision Equipment at $100.000
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