Cylle Installs a Unique Home Entertainment Center

question 32

Multiple Choice

Cylle installs a unique home entertainment center.He charges a flat fee of $1,200 for the system and the installation.What revenue model does Cylle employ?

• A)razor and razor blade
• B)unit sales
• C)data revenue
• D)Intermediation

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Definitions:

Journal Entry

A record in accounting that represents a transaction where debit and credit balance totals are equal.

Cash/Short-Term Securities

Liquid assets that include currency on hand and demand deposits, as well as investments with maturities of three months or less at the time of acquisition.

Fair Values

The compensation received for relinquishing an asset or the expenditure to assign a liability in a neat transaction among market stakeholders at the time of determining value.

Purchase

The act of acquiring goods or services in exchange for money, representing a financial transaction between buyer and seller.