How much revenue will be recognized upon delivery of learn

Assignment Help Financial Econometrics

Reference no: EM13329508

Orange, Inc., sells a LearnIt-Plus software package that consists of their normal LearnIt math tutorial program along with a one-year subscription to the online LearnIt Office Hours virtual classroom. LearnIt-Plus retails for $400. When sold separately, the LearnIt math tutorial sells for $435, and access to the LearnIt Office Hours sells for $290 per year.

How much revenue will be recognized upon delivery of the LearnIt software?

How much revenue will be deferred and recognized over the life of the one-year period in which the Office Hours are delivered?

If Orange did not sell the LearnIt Office Hours separately, but believed it would price it at $290 per year.

How much revenue will be recognized upon delivery of the LearnIt software?

How much revenue will be deferred and recognized over the life of the one-year period in which the Office Hours are delivered?

Reference no: EM13329508

Questions Cloud

At what rate is electrical energy transferred to heat : A 120 V potential difference is applied to a space heater whose resistance is 19 ? when hot. At what rate is electrical energy transferred to heat

Prepare journal entry which patterson would record for cash : Patterson, Inc. receives a $16,000 payment two years in advance of delivering a completed novel. A five percent interest rate applies. Prepare the journal entries which Patterson, Inc. would record for the cash receipt and revenue recognition.

How long will it take the battery to completely discharge : A car owner forgets to turn off the headlights of his car while it is parked in his garage. how long will it take the battery to completely discharge

How does the market resolve this problem : We often find that for theSuper Bowl the quantity of tickets demanded is greater than thequantity of tickets supplied. This results in a shortage oftickets. How does the market resolve this problem?

How much revenue will be recognized upon delivery of learn : Orange, Inc., sells a LearnIt-Plus software package that consists of their normal LearnIt math tutorial program along with a one-year subscription to the online LearnIt Office Hours virtual classroom. LearnIt-Plus retails for $400.

What is the speed of the sack at impact : A farmer throws a sack of wheat vertically downward with an initial speed of 12 m/s from the roof of a mill, 30.0 m above the ground. What is the speed of the sack at impact

The long-run equality of price and minimum average total : The long-run equality of price and minimum average total cost means that competitive firms will use the most efficient know technology and charge the lowest price consistent with their production cost. That is, the firm will achieve productive effici..

Determine the magnitude of the force on the wire : A straight wire segment 4 m long makes an angle of 30° with a uniform magnetic field of 0.37 T. Find the magnitude of the force on the wire

What would appear in the year-end balance sheet : Construction costs incurred during the first year were $12 million and estimated costs to complete at the end of the year were $18 million. During the first year the company billed its customer $13 million

User Account

All Pages