Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The company offers two packages as follows: Package A sells a tablet with 5 years of network service. The contract price for the tablet and a 5-year network connection service is £600. The standalone selling price of the tablet is £300. Speedy Link sells the network access service independently for an upfront payment of £420. On 3 January 2021, Speedy Link signed 100 contracts, and customers paid the contract price in cash.
Package B includes the tablet and network service plus a service plan (for any upgrades to the tablet or the network connections) for the tablet during the 5-year contract period. The contract price for this package is £750. Speedy Link provides the 5-year tablet service plan as a separate product with a standalone selling price of £200. Speedy Link signed 400 contracts for Package B on 1 July 2021, and customers paid the contract price in cash.
Required -
(a) Show all relevant journal entries to record the revenue associated with this sale of Package A on 3 January 2021, and 31 December 2021.
(b) Show all relevant journal entries to record the revenue associated with this sale of Package B on 1 July 2021, and 31 December 2021.
Among variances of the period were: total variable cost flexible-budget variance, $9,500U; What the budgeted fixed cost for September
Knowing that the cost of opportunity is 3%, corporate tax is 21%, evaluate the performance using the ROI, RI and EVA concepts
Bing can sell the used equipment today for $6,000, and its tax rate is 40%. What is the equipment's net after-tax salvage value?
General-purpose financial statements, describe and discuss the objectives and limitations of the conceptual framework for financial accounting.
Journalize the following transactions for Powell Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system.
If assets are revalued and the capital balances of Hip and Hop after recording the admission of Jump are P 52,000 and P 88,000, Determine the cash paid by Jump
Prepare a statement of cash flows for the year. If your answer is zero, enter "0". Use the minus sign to indicate cash out flows, a decrease in cash payments.
Find What is the margin of safety (MOS) ratio? (Input your answer as a percentage rounded to 2 decimal places (i.e., 0.1567 = 15.67%).)
A company is considering the purchase of a new machine for $54,000. Management predicts that the machine can produce sales of $16,600 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhe..
ACC567 - Financial Accounting 2-Charles Sturt University Australia-Prepare the acquisition analysis at 1 July 2017. Prepare an acquisition analysis.
On April 1, Clear Water Co., a water distiller, acquired new bottling equipment with a list price (fair market value) of $350,000. Clear Water received a trade-in allowance of $50,000 on the old equipment of a similar type and paid cash of $300,000
Stuart Daniels estimates that he will need $24,000 to set up a small business in 8 years. How much compound interest will he earn
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd