According to FASB ASC 606, a performance obligation exists when a. A company receives the right to receive consideration b. A contract is approved and signed c. A company provides a distinct product or service d. A company provides interdependent product or service

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?