Perfect Party Company contracts with a customer to provide its birthday party? p

Question

Perfect Party Company contracts with a customer to provide its birthday party? package, including a? cake, balloons, and musical entertainment. In? addition, Perfect Party will host the event. Perfect Party commonly offers the musical entertainment when it hosts the party.? However, it will provide the musical entertainment without hosting the party. Perfect Party often sells cakes and balloons separately that it delivers before a party. Identify the separate performance obligations in this contract.

(yes/no)

1. Providing the cake

2. Providing the balloons

3. Hosting

4. Providing musical entertainment

5. Providing hosting and musical entertainment

6. Providing the cake and hosting

7. Providing the cake and balloons

8. Providing the cake and musical entertainment

9. Providing the balloons and hosting

10. Providing the balloons and musical entertainment

Explanation / Answer

1: Providing the cake: Yes.

It is there in the contract agreement and the company has to provide that

2: Providing the balloons;Yes

As per the contract they have obligation

3:Hosting: No

I is some thing in addition to the contract. If it is not a part of contract they may or maynot.

4:Providing musical: Yes. It is a part of this particular contract

5: No

6:No

7:Yes

8: Yes. Both are there in the contract

9:No

10: Yes

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