A Yacht Dealer Sells High Performance Yachts to Affluent Customers

question 69

Multiple Choice

A yacht dealer sells high performance yachts to affluent customers. The sale also includes a 90-day warranty against any defects in workmanship. The number of performance obligations for each yacht is ________.

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Pager Types

Various categories or models of pagers, which are electronic devices used for sending or receiving messages.

TDD Device

Telecommunication device for the deaf; a device that allows individuals who are deaf or hard of hearing to communicate over the telephone through text.

Voicemail System

A digital communication system that records and stores voice messages for later retrieval.

Five Cs

Essential qualities or attributes traditionally linked to credit analysis: character, capacity, capital, collateral, and conditions.