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Problem - Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,440, sells the remote separately for $90, and offers the installation service separately for $270. The entire package sells for $1,700. How much revenue would be allocated to the TV, the remote, and the installation service?
As can be seen from the following statements, only $22,000 in cash was available at the end of 2015. Since the company reported a large net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to ..
Explain the concept and Discuss about how the marketing mix will vary in relationship to the offering of a service and of a product.
Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2011, assuming taxable income of $325,000.
How much would be saved by using the overdraft protection loan if a customer has three overdraft charges of $35 each during the year?
Find out the extent of global accounting standards to which open international markets exist. Answer word is require thousand something.
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Explain the possible reasons for the fact that auditors have recommended forming a steering committee. Also discuss the specific responsibilities
Insurance expense- salesperson's auto 2,250. Prepare a multiple- step income statement for the year ended December 31, 2008
Tate's Retailers a 5% discount if they agree to keep the goods. Record Tate's payment in settlement of the invoice on March 10
What is a z score? what is the probability when z = -1.23? The probability when z = 1.23? If a z score were -3, where on the graph would it be?
what is the basic difference between the statement of cash flows vs. all the other financial statement that you have learned to prepare?
Explain how you can avoid your financial interest (personal interest) influencing your professional judgement
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