{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Assignment Print2.pdf - 4 Assignment Print View Award 2.00...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
9/27/2017 Assignment Print View http://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=4.&postSubmissionView=13252706474838530&wid=13252706713127631&role… 2/3 4. Award: 2.00 points Aria Perfume, Inc., sold 3,210 boxes of white musk soap during January of 2018 at the price of $90 per box. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 3% of sales will be returned. How many performance obligations are there in each sale of a box of soap? How much revenue should Aria recognize in January? Number of performance obligations in the contract 2 January revenue $ 280,233 References Worksheet Learning Objective: 05­05 Determine whether a contract exists, and whether some frequently encountered features of contracts qualify as performance obligations. Difficulty: 2 Medium Learning Objective: 05­06 Understand how variable consideration and other aspects of contracts affect the calculation and allocation of the transaction price.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}