A hotel contracts to build a pool on March 1 and Pays 50% of the total cost
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Question:
A hotel contracts to build a pool on March 1 and Pays 50% of the total cost at the beginning and the remaining 50% at completion on may 31.
How much revenue should this pool contractor recognize for the month of March?
- $0
- $4,000
- $16,500
- $33,000
A customer purchases an extended warranty on December 1 of the year 20x1 for a piece of lawn equipment. The price of the warranty is $1,680, and the period of the extended warranty is two years. How much revenue should the seller of the warranty recognize in year 20x1?
- $70
- $840
- $1,610
- $1,680
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
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