TelCo Provides a Bundled Service Offering to a Customer for $3000

question 2

Multiple Choice

TelCo provides a bundled service offering to a customer for $3000 upfront. The services provided are as follows:
Upfront advice
'on-call' advice
Database access for a 2-year period
If TelCo were to charge a separate fee for each service if sold separately the fee would be:

Using the relative fair value approach the amount of revenue recognised in relation to the on-call advice is:

• A) indeterminable based on the facts provided.
• B) $1000.
• C) $2167.
• D) $2600.

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Definitions:

Long-term Potentiation

A lasting increase in synaptic strength between two neurons resulting from stimulating them simultaneously, crucial for learning and memory.

Memory Study

The scientific research focused on understanding how memory works, including processes of encoding, storing, and retrieving information.

LTP

Long-Term Potentiation, a long-lasting increase in signal transmission between two neurons, considered one of the cellular mechanisms that underlies learning and memory.

Episodic Memories

Memories of autobiographical events that can be explicitly stated, including contexts, associated emotions, and the spatial-temporal sequences.