Many large electronics manufacturers offer very easy credit terms when a customer purchases their products. For example, Mitsubishi often offers its customers a “$0 down, no payments for 12 months” payment option when purchasing a big-screen television. In a case such as this, when would Mitsubishi recognize revenue—at the point of sale, when payments are begun (in 12 months), or proportionally as payments are made? In no more than one page, discuss the pros and cons of each possible revenue recognition point and provide a conclusion as to when you believe a company, like Mitsubishi in this example, should recognize revenue.