When should Fassino's recognize revenue from selling the tires plus mounting, alignment, and rotation services?
a. At the time of initial installation, Fassino's performs its obligation to provide both tires and initial mounting and alignment services. Pete's should recognize revenue for the portion of the $480 selling price applicable to the sale of tires and installation services at the time of installation.
b. Fassino's should delay recognition of revenue for the portion of the $480 selling price applicable to the subsequent alignment and rotation services until it performs the required services.
c. Fassino's should delay recognition of revenue from selling the tires plus mounting, alignment, and rotation services until it performs all of the required services at the end of the three year period.
d. At the time of initial installation, Fassino's should recognize revenue for all of the $480 selling price applicable to the tires plus mounting, alignment, and rotation services.
e. Both choices a and b are correct.
E
You might also like to view...
Which of the following is the generic name for software that helps organize and control website content for groups?
A) Enterprise systems B) Workflow systems C) Cloud management systems D) Content management systems E) Intranet systems
Marketers use their skills and resources to
A) establish a firm's share price on the stock market. B) eliminate the need to conduct conventional advertising campaigns. C) affect the behaviors of consumers relative to a company's products. D) save consumers the trouble of identifying their own needs. E) help their employers to interview and hire new sales people.
Mr. Weinstein is in the midst of changing his front line teams’ process. He gathers a group of his managers to decide on the direction to take the front line. Mr. Weinstein did not invite any of his employees who actually work on the front line to the meeting. Which error did Mr. Weinstein make?
a. Framing b. Uncertainty c. Randomness d. Lack of participation error
Common causes of variation are the purely random, unidentifiable sources of variation that are unavoidable with the current process
Indicate whether the statement is true or false