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A company wants to sell the following package: A car that comes with an automatic...

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Accounting

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A company wants to sell the following package: A car that comes with an automatic warranty of three years (standalone price $50,000 ). A year of free maintenance (oil changes etc.) (stand-alone price $1,000). An extended warranty for years four and five (stand-alone price $1,000). If they sell this package for $52,000, how much revenue would they record in the first year (in total, including the day of the sale)

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