Assume That the Scales,software and Calibration Service Are Viewed as One

question 144

Multiple Choice

Assume that the scales,software and calibration service are viewed as one performance obligation.How much revenue will Ortiz recognize in 2016 for this contract?

• A)$0
• B)$37,500
• C)$63,000
• D)$90,000

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Definitions:

Households

Individuals or groups living together who make joint decisions on consumption and resource allocation, forming the basic consuming unit in an economy.

Product Market

The marketplace in which final goods or services are offered to consumers, businesses, and the public sector.

Labor

The human effort, both physical and mental, that is used to produce goods and services.

Consumer Spending

The total amount of money spent by households and individuals in an economy on goods and services, an important indicator of economic health.