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Question - 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 1.66 separately for $2,295, sells the remote separately for $135, and offers the installation service separately for $270. The entire package points sells for $2,600. How much revenue would be allocated to the TV, the remote, and the installation service?
Barnes Company purchased a machine on April 4, 20X1, for $210,000. Find the asset balance, net of accumulated depreciation, at December
Question - Blair's Carwash has total costs of $10,000 per month for 1,000 car washes and $7,500 for 500 car washes. Calculate the fixed costs amount
Johnny had a car accident in 2020 in which his car was completely destroyed. At the time of the accident, the car had a fair market value of $30,000.
Mauro Products distributes a single product, a woven basket whose selling price is $15 [per unit]. Determine company break-even point in Total Sales Dollars
Journalize the entries to record
Bonus of P10,000 will be given to James for being a managing partner. Compute the partners' share in the profit or loss of the partnership
The Ewert Exploration Company is considering two mutually exclusive plans for extracting oil on property for which it has mineral rights.
If the future receipt is discounted at an interest rate of 8%, its present value is $166786. In how many years is the $420000 received
The flotation costs for issuing the shares of common stock is 5.00% of the proceeds. What the cost of equity raised by selling new common stock
Discuss if you think ABC Manufacturing is properly using the budget process to plan for next year's expenses. Discuss the ethical issues related to inflating
prepare journal entries as of january 12 to record the payroll and the payroll taxes for the week ending january 8.
Determine the magnitude of F1 and its direction so that the resultant force is directed vertically upward and has a magnitude of 800 N.
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