How much revenue would be allocated to the tv

Assignment Help Accounting Basics
Reference no: EM133140272

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?

Reference no: EM133140272

Questions Cloud

How many cups of regular coffee and lattes must rio sell : The monthly fixed costs at Rio are $8,662. How many cups of regular coffee and lattes must Rio sell every month to break even
Evaluate the bitwise logical operations : Evaluate the bitwise logical operations - Convert the 8-bit 2s complement numbers to their decimal equivalent
Prepare the entries on the dates listed : Maker paid $12,000 to purchase a call option to buy 1 million FCU at a strike price of $0.255 expiring end of year. Prepare the entries on the dates listed
Who got the highest cash distribution : A, B, G and J are partners with capitals of P11,000; P10,300; P13,700 and P9,000 respectively. Who got the highest cash distribution
How much revenue would be allocated to the tv : The entire package points sells for $2,600. How much revenue would be allocated to the TV, the remote, and the installation service
General-purpose UNIX commands : Create two subdirectories called testdir1 and testdir2 using a single command line. Use ls to check their existence
Business intelligence : What are the common business problems addressed by Big Data analytics? In the era of Big Data, are we about to witness the end of data warehousing? Why?
Primary business benefits of e-commerce operation : What do you think are the three primary business benefits of an e-commerce operation for a retail organization interacting with its customers?
Data analysis findings and highlights limitations : you must provide a narrative that discusses the key insights from your data analysis findings and highlights the limitations of your analysis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find the asset balance

Barnes Company purchased a machine on April 4, 20X1, for $210,000. Find the asset balance, net of accumulated depreciation, at December

  Calculate the fixed costs amount

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

  Determine the deductible loss on the car

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.

  Determine company break-even point in Total Sales Dollars

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

Journalize the entries to record

  Compute the partners share in the profit or loss

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

  What are the annual incremental cash flows

The Ewert Exploration Company is considering two mutually exclusive plans for extracting oil on property for which it has mineral rights.

  How many years is the received

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

  What the cost of equity raised by selling new common stock

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

  Explain the ethical issues related to inflating the budget

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

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

Determine the magnitude of F1 and its direction so that the resultant force is directed vertically upward and has a magnitude of 800 N.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd