Performance obligations are distinct if: A. The seller regularly sells the good or service separately. B....
Performance obligations are distinct if:
A. The seller regularly sells the good or service separately.
B. A buyer could use the good or service on its own.
C. A buyer could use the good or service in combination with goods or services the buyer could obtain elsewhere.
D. All of the other answers is correct
Homework Answers
Answer:D. All of the other answers is correct
A performance obligation is a assurance to supply a good or offer a service (or a successions of distinct goods or services that are considerably the same and that have the similar arrangement of transfer to the customer). It can be unspoken or clear.
Add Answer to:
Performance obligations are distinct if:
A. The seller regularly sells the good or service
separately.
B....
Determine how many separate performance obligations are included in the following separate contract examples, and make...
Determine how many separate performance obligations are included in the following separate contract examples, and make simple explanation. a. A retailer enters into a contract with a customer to sell an electric toothbrush, bundled with the replacement parts for the toothbrush. The retailer also sells the replacement parts and toothbrushes separately. The customer can use the toothbrush without the replacement parts, but the replacement parts have no use without the toothbrush. How many performance obligations exist in the bundling of...
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs...
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs and a computer program that teaches the basic techniques of the sport of golf. The customer gains access to the computer program through the internet with the code received on the day of purchase. Golf clubs have a separate selling price of $ 150. Wilson sells the golf clubs and teaching software as a bundle (combo) for $ 200. The teaching software is not...
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs...
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs and a computer program that teaches the basic techniques of the sport of golf. The customer gains access to the computer program through the internet with the code received on the day of purchase. Golf clubs have a separate selling price of $ 150. Wilson sells the golf clubs and teaching software as a bundle (combo) for $ 200. The teaching software is not...
42. Suppose a market has only one seller and only one buyer of a good in...
42. Suppose a market has only one seller and only one buyer of a good in the market. The buyer is willing to pay $50 for the good and the seller is willing to accept $15. The market price of the good is determined at $30. If they trade, the social surplus will be ____ A) $15 B) $35 C) $45 D) $65 15. There are 5 ship manufacturers in Polonia and each firm faces a downward sloping demand curve....
What is the correct answer? Bria Furniture sells bed frames and mattresses. One of its products...
What is the correct
answer?
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,100....
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed...
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,700. The mattress and the frame...
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed...
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $3,800. The mattress and the frame...
[2] A good or service produced in Country A and sold in Country B is: A)...
[2] A good or service produced in Country A and sold in Country B is: A) an import to Country B. B) an export from Country B. C) a secondary purchase for Country B. D) an unaccounted good or service for Country B. [3] Specialization: A) increases dependence on markets and trade. B) permits greater levels of production than would be attained without it. C) both of the above. D) none of the above. [4] You would expect an increase...
Marginal cost is the opportunity cost of a good or service divided by the number of...
Marginal cost is the opportunity cost of a good or service divided by the number of units produced. of a good or service that exceeds its benefit. that your activity imposes on someone else. that arises from producing one more unit of a good or service. The law of demand implies that demand curves shift leftward whenever the price rises. slope down. shift rightward whenever the price rises. slope up. If the United States can increase its production of automobiles...
Print Platon Allocating Transaction Price to Performance Obligations and Recording Sales Value Dealership in markets and...
Print Platon Allocating Transaction Price to Performance Obligations and Recording Sales Value Dealership in markets and sells the vehicles to real customers. Along with a new vehicle purchase, a customer will receive a free annual maintenance contract for one year from the date of purchase. The standalone seling price of a vehicles 130,000 and the standalone selling price for the annual maintenance contract is 3500 During October 2020, Valur Dealership Inc sold vehicles for 530,250 per vehicle, each with a...
42. Suppose a market has only one seller and only one buyer of a good in the market. The buyer is willing to pay $50 for the good and the seller is willing to accept $15. The market price of the good is determined at $30. If they trade, the social surplus will be ____ A) $15 B) $35 C) $45 D) $65 15. There are 5 ship manufacturers in Polonia and each firm faces a downward sloping demand curve....
What is the correct
answer?
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,100....
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,700. The mattress and the frame...
Print Platon Allocating Transaction Price to Performance Obligations and Recording Sales Value Dealership in markets and sells the vehicles to real customers. Along with a new vehicle purchase, a customer will receive a free annual maintenance contract for one year from the date of purchase. The standalone seling price of a vehicles 130,000 and the standalone selling price for the annual maintenance contract is 3500 During October 2020, Valur Dealership Inc sold vehicles for 530,250 per vehicle, each with a...
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