Gunk goblin sells vacuums and just launched a policy where customers have the right to return a vacuum during a three-year period following purchase. gunk management has no experience under this sort of policy and does not believe it can accurately estimate returns. what is the longest period of time that gunk may have to wait before recognizing revenue associated with one of these sales? a. no time delay, recognize revenue upon delivery. b. gunk should recognize revenue as cash is received. c. gunk should defer revenue recognition until costs are recovered. d. three years, after the right of return has expired.

answer; /// i believe the correct answer is ( column break);

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.