Wilco Inc. sells a bundled product containing a textbook and a homework system for $100. Each...

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Wilco Inc. sells a bundled product containing a textbook and a homework system for $100. Each product is also sold as a stand-along product. The textbook is sold as a stand-alone item for $80 and the homework system is sold as a stand-alone item for $60. If Wilco recognizes revenue based on relative fair values, how much revenue would be allocated to each product? O Some Other Answer O $80 to the textbook; $20 to the homework system O $42.86 to the textbook; $57.14 to the homework system O $57.14 to the textbook; $42.86 to the homework system O $80 to the textbook; $60 to the homework system Question 9 Wilco Inc. enters into an agreement with Seminole corporation to publish accounting textbooks. If the textbooks are printed and delivered within 90 days, Wilco will be paid $500,000. There is a $100,000 penalty for each month the books are late. Wilco estimates that there is an 30% chance of delivering the textbooks within 90 days, a 40% chance that the books will be delivered within 91- 120 days (1 month late), and 20% chance that the books will be delivered within 121-150 days (2 months late), and a 10% chance of the books being delivered in 151-180 days (3 months late). If Wilco recognizes income using the expected value approach, how much revenue should Wilco recognize? O Some Other Answer O $100,000 O $390,000 O $400,000 2 pts O $500,000 Wilco Inc. sells a bundled product containing a textbook and a homework system for $100. Each product is also sold as a stand-along product. The textbook is sold as a stand-alone item for $80 and the homework system is sold as a stand-alone item for $60. If Wilco recognizes revenue based on relative fair values, how much revenue would be allocated to each product? O Some Other Answer O $80 to the textbook; $20 to the homework system O $42.86 to the textbook; $57.14 to the homework system O $57.14 to the textbook; $42.86 to the homework system O $80 to the textbook; $60 to the homework system Question 9 Wilco Inc. enters into an agreement with Seminole corporation to publish accounting textbooks. If the textbooks are printed and delivered within 90 days, Wilco will be paid $500,000. There is a $100,000 penalty for each month the books are late. Wilco estimates that there is an 30% chance of delivering the textbooks within 90 days, a 40% chance that the books will be delivered within 91- 120 days (1 month late), and 20% chance that the books will be delivered within 121-150 days (2 months late), and a 10% chance of the books being delivered in 151-180 days (3 months late). If Wilco recognizes income using the expected value approach, how much revenue should Wilco recognize? O Some Other Answer O $100,000 O $390,000 O $400,000 2 pts O $500,000

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Question 1 Wilco Incs Bundled Product Scenario Wilco Incsells a bundled product containing a textbook and a homework system for 100 Each product is al... View the full answer