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Homework Answers
1.
Allocated transaction Price
Equipment = $7440 x 7440/9300 = $5952
Service = $7440 x 1860/9300 = $1488
2. Solitaire Corp
Total Revenue = $200+95 = $295
Net Revenue = Gross Revenue - Discount
= $200+95-200x2% = $291
3. Evergreen Company
Revenue = $1140+5140+3070 - 5140x3% = $9195.80
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Required information (The following information applies to the questions displayed below] Hospital Equipment Company (HEC) acquired...
[The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several...
[The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,300 per machine. HEC usually sells these machines to hospitals at a price of $7,520. HEC also separately sells 12 months of training and repair services for fMRI machines for $1,880. HEC is paid $7,520 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine at its...
Required information [The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired...
Required information [The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,300 per machine. HEC usually sells these machines to hospitals at a price of $7,520. HEC also separately sells 12 months of training and repair services for fMRI machines for $1,880. HEC is paid $7,520 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine...
Required information [The following information applies to the questions displayed below.) Hospital Equipment Company (HEC) acquired...
Required information [The following information applies to the questions displayed below.) Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,300 per machine. HEC usually sells these machines to hospitals at a price of $7,520. HEC also separately sells 12 months of training and repair services for fMRI machines for $1,880. HEC is paid $7,520 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine...
Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $3,800...
Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $3,800 per machine. HEC usually sells these machines to hospitals at a price of $7,120. HEC also separately sells 12 months of training and repair services for fMRI machines for $1,780. HEC is paid $7,120 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine at its regular price, but included one year of free training...
Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $3,100...
Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $3,100 per machine. HEC usually sells these machines to hospitals at a price of $5,740. HEC also separately sells 12 months of training and repair services for fMRI machines for $2,460. HEC is paid $5,740 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine at its regular price, but included one year of free training...
help Help Required information [The following information applies to the questions displayed below Hospital Equipment Company...
help
Help Required information [The following information applies to the questions displayed below Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $2.400 per machine. HEC usually sells these machines to hospitals at a price of $5,250. HEC also separately sells 12 months of training and repair services for fMRI machines for $2,250. HEC is paid $5.250 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold...
Hospital Equipment Company (HE) acquired several MRI machines for its inventory at a cost of $4,200...
Hospital Equipment Company (HE) acquired several MRI machines for its inventory at a cost of $4,200 per machine. HEC usually sells these machines to hospitals at a price of $7.440. HEC also separately sells 12 months of training and repair services for fMRI machines for $1.860. HEC is paid $7440 cash on November 30 for the sale of an MRI machine delivered on December 1 HEC sold the machine at its regular price, but included one year of free training...
Hospital Equipment Company (HEC) acquired several MRI machines for its inventory at a cost of $3,400...
Hospital Equipment Company (HEC) acquired several MRI machines for its inventory at a cost of $3,400 per machine. HEC usually sells these machines to hospitals at a price of $6,640. HEC also separately sells twelve months of training and repair services for MRI machines for $1,660. HEC is paid $6,640 cash on January 1 for the sale of an MRI machine delivered on January 1. HEC sold the machine at its regular price, but included one free year of training...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: Jan. 6 Sold goods for $60 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $62. 8 Sold goods to Spyder Corp. for $56 with terms 2/10, n/30. The goods cost Solitare $52. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 Collected cash for the amount due from Spyder Corp. Required: Compute the...
Can you check my answer please? During the months of January and February, Solitare Corporation sold...
Can you check my answer please?
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: Jan. 6 Sold goods for $220 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $76. 8 Sold goods to Spyder Corp. for $98 with terms 4/10, n/30. The goods cost Solitare $66. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 Collected cash for the amount due...
[The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,300 per machine. HEC usually sells these machines to hospitals at a price of $7,520. HEC also separately sells 12 months of training and repair services for fMRI machines for $1,880. HEC is paid $7,520 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine at its...
Required information [The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,300 per machine. HEC usually sells these machines to hospitals at a price of $7,520. HEC also separately sells 12 months of training and repair services for fMRI machines for $1,880. HEC is paid $7,520 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine...
Required information [The following information applies to the questions displayed below.) Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $4,300 per machine. HEC usually sells these machines to hospitals at a price of $7,520. HEC also separately sells 12 months of training and repair services for fMRI machines for $1,880. HEC is paid $7,520 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine...
help
Help Required information [The following information applies to the questions displayed below Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $2.400 per machine. HEC usually sells these machines to hospitals at a price of $5,250. HEC also separately sells 12 months of training and repair services for fMRI machines for $2,250. HEC is paid $5.250 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold...
Hospital Equipment Company (HE) acquired several MRI machines for its inventory at a cost of $4,200 per machine. HEC usually sells these machines to hospitals at a price of $7.440. HEC also separately sells 12 months of training and repair services for fMRI machines for $1.860. HEC is paid $7440 cash on November 30 for the sale of an MRI machine delivered on December 1 HEC sold the machine at its regular price, but included one year of free training...
Hospital Equipment Company (HEC) acquired several MRI machines for its inventory at a cost of $3,400 per machine. HEC usually sells these machines to hospitals at a price of $6,640. HEC also separately sells twelve months of training and repair services for MRI machines for $1,660. HEC is paid $6,640 cash on January 1 for the sale of an MRI machine delivered on January 1. HEC sold the machine at its regular price, but included one free year of training...
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: Jan. 6 Sold goods for $60 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $62. 8 Sold goods to Spyder Corp. for $56 with terms 2/10, n/30. The goods cost Solitare $52. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 Collected cash for the amount due from Spyder Corp. Required: Compute the...
Can you check my answer please?
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows: Jan. 6 Sold goods for $220 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $76. 8 Sold goods to Spyder Corp. for $98 with terms 4/10, n/30. The goods cost Solitare $66. 14 Collected cash for the amount due from Wizard Inc. Feb. 28 Collected cash for the amount due...
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