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Equipment and receives the full price in cash

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A company that usually sells satellite TV equipment for $62 and two years of satellite TV service for $558 has a special, time-limited offer in which it sells the equipment for $360 and gives the two years of satellite service for "free."

If the company sells one of these packages on July 1, how much revenue should the company recognize on July 1 when it delivers the equipment and receives the full price in cash? (Do not round intermediate calculations.)

What is the sales revenue?

Reference no: EM132421157

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