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Wilson Links Products sells a product that involves two separate performance obligations: the SwingRight golf club weight and the SwingCoach teaching software. SwingRight has a stand-alone selling price of $150. Wilson sells both the SwingRight and the SwingCoach as a package deal for $200. The SwingCoach software is not sold separately. Wilson is aware that other vendors charge $100 for similar software, and Wilson's prices are generally 10% lower than what is charged by those vendors. Wilson estimates that it incurs approximately $65 of cost per copy of the software, and usually charges 50% above cost on similar products.
-Estimate the stand-alone selling price of the software using the residual approach.
Personal Groups
Social groups formed based on personal relationships and intimate connections rather than formal structures or purposes.
Primary Groups
Close-knit groups such as family or close friends, characterized by long-term, intimate, and face-to-face interaction which significantly influences the attitudes and ideals of those involved.
Strong Moral Values
Principles or standards of behavior that are considered important and virtuous by a society or individual.
Self-Organizing Group
A group that forms and organizes itself naturally based on common interests or goals, often without a formal leadership structure.
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