Your company sold software and included an extended 3-year service contract for a total of $200,000 on
Fantastic news! We've Found the answer you've been seeking!
Question:
Your company sold software and included an extended 3-year service contract for a total of $200,000 on May 1st. You will receive $50,000 at installation on June 1st and the balance of $150,000 on Dec 31st. You must explain to your sales team, who gets the commission on recorded sales when the sale would be recorded if (Your grade is based on your first submission!) Do not show journal entries, or quote or paraphrase the book. Answer in your own words.
1. These are interdependent and cannot be priced separately.
2. They are not interdependent and the software, if sold separately would cost 200,000 and the extended warranty $25,000.
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
Posted Date: