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How much is earned for jen company

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Problem 1: JEN COMPANY. sells service contracts that cover a 2 year period. The sales price of each contract is P10,000. JEN COMPANY sold 10,000 contracts evenly throughout 2011. JEN COMPANY's past experience shows that of the total pesos spent for repairs on service contracts, 40% is incurred evenly during the first contract year and 60% during the second contract year. How much is earned in 2011?

Reference no: EM132969777

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