Aria Perfume, Inc., sold 3,300 boxes of white musk soap during January of 2018 at...
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Aria Perfume, Inc., sold 3,300 boxes of white musk soap during January of 2018 at the price of $170 per box. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 4% of sales will be returned. How many performance obligations are there in each sale of a box of soap? How much revenue should Aria recognize in January?
Number of performance obligations on contract:
January Revenue:
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