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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 $2,125, sells the remote separately for $125, and offers the installation service separately for $250. The entire package sells for $2,400.
What was the financial performance of Johnson & Johnson over the past 5 years (include gross revenue, net income, market capitalization, and earning per share)? Use table format.
You buy an 8% annual coupon bond from CARRIS Inc. that has a 25 year maturity and a required return of 12%. The par value is $1,000. You sell the bond five years later when the required return is 10%. What is the ending value of the bond when ..
scal co.predicts that it will use 225000 gallons of material during the year. the material is expected to cost 10 per
describe the process for adjusting entries for inventory in a manufacturing firm. how many adjustments are made for
Weston acquires a used office machine (seven-year classasset) on November 2, 2008, for $75,000. This is the only asset acquired by Weston during the year. He does not elect immediate expensing under 179. On September 15, 2009, Weston sells the mac..
Didde Company issued $400,000 of 8%, 20-year bonds on January 1, 2010 at face value. Interest is payable annually on January 1. Prepare the journal entries to record the following events:
prepare the journal entry to record each of the following independent transactions. use the number of the transaction
a company has the choice of either selling 4000 defective units as scrap or rebuilding them. they could sell the
shannon company is planning to produce 2000 units of product in 2014. each unit requires 3 pounds of materials at 5 per
a corporation issues 1500 shares of common stock for 32000. the stock has a stated value of 10 per share. the journal
the partnership of x and y shares profits and losses in the ratio of 60 percent to x and 40 percent to y. for the year
as of december 31 gammelguard corporation has outstanding accounts receivable of 2.4 million. sales on credit during
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