Question: Aria Perfume, Incorporated, sold 3 , 3 5 0 boxes of white musk soap during January of 2 0 2 4 at the price of

Aria Perfume, Incorporated, sold

3, 350

boxes of white musk soap during January of

2024

at the price of $

150

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

4 %

of sales will be returned.

How many performance obligations are there in each sale of a box of soap? How much revenue, sales returns, and net revenue should Aria recognize in January?

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