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6. A home appliance manufacturer is offering the following incentive with any purchase of its...

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Accounting

6. A home appliance manufacturer is offering the following incentive with any purchase of its new 2023 smart refrigerators: free maintenance services for one year. The refrigerator sells for $3,000. Assume there are no other promotions running during this time. The manufacturer estimates that the normal selling price for the maintenance services it will provide to customers, on average, over the one-year period under this promotion is $150. Assuming the customer pays $3,000 for the refrigerator, how much revenue is recognized on the sale date? Ignore the time value of money in your calculations.

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