2 Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by Best Buy staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. Best Buy concludes that the TV, remote, and installation service are separate performance obligations. Best Buy sells the 60-inch TV separately for $1,575, sells the remote separately for $210, and offers the installation service separately for $315. The entire package sells for $2,000. Required: Please answer: how much revenue would be allocated to the TV, the remote, and the installation service by Best Buy? Note: Do not round Intermediate calculations. Item Description TV Remote Installation Total revenue Allocated Revenue $ 0

Quickbooks Online Accounting
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ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter1: An Introduction To Quickbooks Online
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Please answer: how much revenue would be allocated to the TV, the remote, and the installation service by Best Buy?
Note: Do not round intermediate calculations.
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Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota sells a big screen
TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by Best Buy staff. The installation includes
programming the remote to have the TV interface with other parts of the customer's home entertainment system. Best Buy concludes
that the TV, remote, and installation service are separate performance obligations. Best Buy sells the 60-inch TV separately for $1,575,
sells the remote separately for $210, and offers the installation service separately for $315. The entire package sells for $2,000.
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Transcribed Image Text:ne O File Edit View History Bookmarks Bookmarks Profiles Tab Window Help Review Submission History: X Bb Microsoft Word - EXCEL GRO X getproctorio.com/secured #lockdown Proctoring Enabled: Chapter 6 Homework Assignm... i с Mc Graw Hill Item Description TV Remote Installation Total revenue Required: Please answer: how much revenue would be allocated to the TV, the remote, and the installation service by Best Buy? Note: Do not round intermediate calculations. 3 $ $ 4 Allocated Revenue New Tab 2 Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by Best Buy staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. Best Buy concludes that the TV, remote, and installation service are separate performance obligations. Best Buy sells the 60-inch TV separately for $1,575, sells the remote separately for $210, and offers the installation service separately for $315. The entire package sells for $2,000. 0 5 Saved < Pre 6 X 2 of 5 Question 2 - Proctoring Enab X www www Next > 8 E 9 $ New Tab Help 0 92% Save & Exit Sat 1:59 AM X ☐ Submit 0 + ... C Update
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