REH sells architectural designs to clients. In 2020, the company sold 120 designs for P3,600,000. For each design sold, REH distributed a 40% discount coupon for any additional desian Durchased within the next 12 months. Based on historical experience, REH expects that approximately 30% of the coupons will be utilized, and the goods purchased with the coupons would normally sell for P35,000. Determine the sales revenue for this transaction, assuming that REH uses the residual method to estimate the stand-alone selling price of the designs sold without the discount coupons. Select the correct response: O 3,549,600 O None O 3,600,000 O 504,000

REH sells architectural designs to clients. In 2020, the company sold 120 designs for P3,600,000. For each design sold, REH distributed a 40% discount coupon for any additional desian Durchased within the next 12 months. Based on historical experience, REH expects that approximately 30% of the coupons will be utilized, and the goods purchased with the coupons would normally sell for P35,000. Determine the sales revenue for this transaction, assuming that REH uses the residual method to estimate the stand-alone selling price of the designs sold without the discount coupons. Select the correct response: O 3,549,600 O None O 3,600,000 O 504,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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