Question 2: sheet? After the launch of uPhone 8, Pear Inc. decides to provide some incentives...
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Question 2: sheet? After the launch of uPhone 8, Pear Inc. decides to provide some incentives to promote the sale of uPhone 7 inventories. Pear started a deal as follows: The customer pays $880, which is the market price for a stand- alone uPhone 7, and gets free u Tunes download for two months. The market price for one- month uTunes download is $60. The deal was a success. Pear sold 1,000 uPhone 7 bundles on December 1, 2019. Required: Determine the amount of revenue that Pear Inc. should record on December 1st and December 31, 2019 respectively, from this bundle sale. Show steps for partial marks. Question 2: sheet? After the launch of uPhone 8, Pear Inc. decides to provide some incentives to promote the sale of uPhone 7 inventories. Pear started a deal as follows: The customer pays $880, which is the market price for a stand- alone uPhone 7, and gets free u Tunes download for two months. The market price for one- month uTunes download is $60. The deal was a success. Pear sold 1,000 uPhone 7 bundles on December 1, 2019. Required: Determine the amount of revenue that Pear Inc. should record on December 1st and December 31, 2019 respectively, from this bundle sale. Show steps for partial marks.
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