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CompuTime Center sells a full assortment of computer parts, including motherboards, video cards, and cables. It also offers complementary computer assembly services. A customer places an order for an advanced workstation, and CompuTime asks for $3,500. If CompuTime were to sell only the parts in an advanced workstation, with no assembly, the price would be $3,300.
Required: Assuming that computer parts and assembly service are separate performance obligations, estimate the stand-alone selling price of the assembly service based on the residual approach.
Consensus
General agreement among the members of a group or community.
Framing
The process of presenting or structuring information and issues in a particular way to influence interpretation or decision making.
Credibility
The quality or attribute of being believable or worthy of trust based on one's reliability, expertise, and honesty.
Trustworthiness
The ability to be relied on as honest or truthful.
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