Chapter 4, Problem 3.1C

P18.1 (LO 2, 3) (Allocate Transaction Price, Upfront Fees) 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 $300. On January 2, 2020, 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…

10. In its December 31, 2021 income statement, what amount should SNOWMAN report as rental income? ₱ 128,000 ₱ 52,000 ₱ 116,000 ₱ 120,000 11. How much rent receivable should be recognized by SNOWMAN in 2021? ₱ - 0 - ₱ 76,000 ₱ 80,000 ₱ 64,000 ₱ 68,000

Eng Tat is a manufacturer. His trial balance as at 31 December 2020 is as follows: Particulars DebitRM CreditRMDelivery van expenses 1,760Lighting and heating:FactoryOffice 7,2201,490Manufacturing wages 72,100General expenses:FactoryOffice 8,1001,940Sales representatives : Commission 11,688Purchase of raw materials 57,210Rent:FactoryOffice 6,1002,700Machinery (Cost : RM40,000) 28,600Office equipment ( RM9,000) 8,200Office salaries 17,740Accounts receivables 34,200Account payables 9,400Bank 16,142Sales 194,800Van (cost RM6,800) 6,200Inventory at 31 December 2020:Raw materialsFinished goods 13,26041,300Drawings 24,200Capital 155,950TOTAL 360,150 360,150 Prepared by: Puan Siti Nor Junita Mohd Radzi Additional information:i. Inventory at 31 December 2020:a. Raw materials RM14,510b. Finished goods RM44,490ii. Depreciate machinery RM3,000; office equipment RM6,000; van RM1,200iii. Manufacturing wages due but unpaid at 31 December 2020 RM550; office rentprepaid RM140 Required: c) Prepare…

3. Erika Company operates a customer loyalty program. The entity grants loyalty  points for goods purchased. The loyalty points can be used by the customers in exchange for goods of the  entity. The points have no expiry date. During 2020, the entity issued 50,000 award credits and expects that 80% of  these award credits shall be redeemed.   The stand-alone selling price of the award credits granted is reliably measured  at P1,000,000.   In 2020, the entity sold goods to customers for a total consideration of  P7,000,000 based on stand-alone selling price.   The award credits redeemed and the total award credits expected to be  redeemed each year are as follows: Redeemed Expected to be   Redeemed   2020 15,000 80% 2021 7,950 85% 2022 2,550 85% 2023 15,000 90% Required: Prepare journal entries from 2020 to 2023.

May l ask for an explanation and solution to the question for a better understanding. Thank you! 6. Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019- P810,000; 2018 - P792,000. Cost of sales = 2019 480,000; 2018 - 464,000. Gross profit= 2019 P330,000; 2018 - P328,000. Sales price was 10% lower during 2019. The change in gross profit due to change in cost price must be: a. P39,680 F b. P47,290 F c. P47,290 U d. P63,290 F e. P63,290 U

BUS 038 : Business Computations 3. For the last 15 years, Tina has been receiving a 20/15/5 series discount. Find the equivalent singlediscount rate.

Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive-  75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excel/ Ms Word.

Show the solution in good accounting form Mary Corporation has a branch in Caloocan. During 2021, the home office shipped to the branch supplies costing P156,000 at a billed price of 30% above cost. The inventories of supplies at the branch were as follows: January 1, 2021 P110,000; December 31, 2021 128,000. On December 31, 2021, the home office holds inventories of P112,800 which includes P11,500 held on consignment and which excludes P5,000 inventories out on consignment. How much is the inventories in a combined balanced sheet as of December 31, 2021?

block d/2019/4 Würstchen Uli GmbH is a food retailer that  is in  economic difficulties due to tax arrears from the  past and therefore wants to report  the highest possible  annual result  in t1   . Create the postingrecords for the following transactions in t1: Würstchen Uli GmbH is purchasing a new copying machine in t1, which will be used in administration in the future. The purchase price according to the list is € 17,850 gross. Afurther € 5,950 gross must be paid to the manufacturer for delivery and installation on site. The amount due will be paid by bank transfer. The expected service life of the machine is estimated at 5 years.  Due to the expected high utilisation in t1, Würstchen Uli GmbH is only considering a geometrical-declining balance or straight-line depreciation as scheduled depreciation  .  Show  your solution comprehensibly.  The Würstchen Uli Gmbh has on 5.1.t0 for 50.000 € for the purpose of short-term speculation securities in the Katari Ltd.  whose carrying…