Billing charges for Microsoft 365 Commercial licensing. When a customer purchases a subscription and changes the amount during the subscription period, a full refund is credited then prorated for what was used. For example, if a customer purchased 2 subscriptions for the month of June at $15 each, the total charge for the month would be $30. If they decide to return one subscription 5 days later, the full $30 would be credited then a prorated charge for what was used would be applied. Credit $30 Charge $15 Charge $0.5 * 5 = $2.50 $15/30 $0.5 p/day Total Charge $17.50 Total Credit $12.50 If a customer purchases 10 Microsoft 365 Business Premium licenses at $22 each per month, for a full year then 6 months later decides they only need 5 licenses for the remainder of the year, what would be the total charge and credit for the year?

Billing charges for Microsoft 365 Commercial licensing. When a customer purchases a subscription and changes the amount during the subscription period, a full refund is credited then prorated for what was used. For example, if a customer purchased 2 subscriptions for the month of June at $15 each, the total charge for the month would be $30. If they decide to return one subscription 5 days later, the full $30 would be credited then a prorated charge for what was used would be applied. Credit $30 Charge $15 Charge $0.5 * 5 = $2.50 $15/30 $0.5 p/day Total Charge $17.50 Total Credit $12.50 If a customer purchases 10 Microsoft 365 Business Premium licenses at $22 each per month, for a full year then 6 months later decides they only need 5 licenses for the remainder of the year, what would be the total charge and credit for the year?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4Q: American Signs allows customers to pay with their Jones credit card and cash. Jones charges American...

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