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Marrrta [24]
3 years ago
9

Tablet Tailors sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and

set up a Wi-Fi hot spot. It offers two bundles with the following terms. 1. Tablet Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year Internet connection service contract is $500. The standalone selling price of the tablet is $250 (the cost to Tablet Tailors is $175). Tablet Tailors sells the Internet access service independently for an upfront payment of S300. On January 2, 2017, Tablet Tailors signed 100 contracts, receiving a total of $50,000 in cash. 2. Tablet Bundle B includes the tablet and Internet service plus a service plan for the tablet PC (for any repairs or upgrades to the tablet or the Internet connections) during the 3-year contract period. That product bundle sells for $600. Tablet Tailors provides the 3-year tablet service plan as a separate product with a standalone selling price of $150. Tablet Tailors signed 200 contracts for Tablet Bundle B on July 1, 2017, receiving a total of $120,000 in cash. Instructions (a) Prepare any journal entries to record the revenue arrangement for Tablet Bundle A on January 2, 2017, and December 31, 2017 (b) Prepare any journal entries to record the revenue arrangement for Tablet Bundle B on July 1,2017, and December 31, 2017 (c) Repeat the requirements for part (a), assuming that Tablet Tailors has no reliable data with which to estimate the stand- alone selling price for the Internet service.

Business
1 answer:
Mrac [35]3 years ago
5 0

Answer:

Please find solutions in the attached images

Explanation:

I have attached images of my journal entry solutions to this question as required.

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True of false: the best measure to use when comparing alternative investments is the amount of the dollar gain or loss.
Evgesh-ka [11]
That statement is  True
In general, using only one measurement in comparing alternative investments is a mistake.
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2 years ago
A monopoly finds that, at its present level of output and sales, marginal revenue equals $5 and marginal cost is $4.10 which of
VARVARA [1.3K]
To determined the profit is being maximized, you need to make sure that the difference between the total revenue and total cost is greatest. So the formula we need to use in determining the maximized profit is

Profit = Total Revenue - Total Cost

Given

 TR = $5
 TC = $4.10

Solution

Profit = 5 - 4.10
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7 0
3 years ago
According to AU-C 315, Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement, not all co
ankoles [38]

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Explanation:

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5 0
3 years ago
A reduction in the saving rate starting from a steady state with more capital than the golden rule causes investment to?
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Starting from a steady state with greater capital than the Golden Rule, a decrease in the saving rate results in a decline in investment.

<h3>What is the definition of the golden rule?</h3>

The Golden Rule instructs people to make decisions for others based on their own personal preferences. Putting yourself in another person's shoes or "doing unto others as you would have them do unto you" are two common definitions of the Golden Rule (Baumrin 2004).

The golden rule would advise us to release someone who has been convicted of a crime and given a prison sentence, for instance, because we would not want to go to prison ourselves. This holds true even if we use the platinum rule because it's likely that the prisoner would choose to stay out of jail or prison.

To learn more about Golden Rule, refer to:

brainly.com/question/16313509

#SPJ4

8 0
2 years ago
Scot and Vidia, married taxpayers, earn $92,000 in taxable income and $5,000 in interest from an investment in City of Tampa bon
jok3333 [9.3K]

Answer:

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Explanation:

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3 0
3 years ago
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