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Riverbed Respond to the requirements related to the following independent revenue arrangements for Riverbed products and...
Presented below are two independent revenue arrangements for Indigo Company. Respond to the requirements related to...
Presented below are two independent revenue arrangements for Indigo Company. Respond to the requirements related to each revenue arrangement ?Your answer is incorrect. Try again. Indigo sells 3D printer systems. Recently, Indigo provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Indigo sells Lyle Cartright a 3D system, receiving a $5,300 zero interest bean ng note on January 1 2017. The cost ofthe 3D printer system is $4,240 Indigo imputes a...
Problem 18-8 Presented below are two independent revenue arrangements for Bonita Company. Respond to the requirements...
Problem 18-8 Presented below are two independent revenue arrangements for Bonita Company. Respond to the requirements related to each revenue arrangement. Bonita sells 3D printer systems. Recently, Bonita provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Bonita sells Lyle Cartright a 3D system, receiving a $5,700 zero-interest-bearing note on January 1, 2017. The cost of the 3D printer system is $4,560. Bonita imputes a 6% interest rate on this zero-interest...
Cullumber Ranch & Riverbed is a distributor of ranch and farm equipment. Its products range from...
Cullumber Ranch & Riverbed is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Cullumber's products. Pricing and cost information on three of Cullumber's most popular products are as follows Standalone Selling Price (Cost) Item $4,000 ($2,000) Mini-trencher Power fence hole...
Pharoah Inc. sells storage structures of various sizes to homeowners and businesses. Respond to the requirements...
Pharoah Inc. sells storage structures of various sizes to homeowners and businesses. Respond to the requirements related to the following independent revenue arrangements for Pharoah products and services. Pharoah offers building R400, mainly to homeowners. Pharoah will also install the building for the customer. The price for Pharoah to deliver and install an R400 is $6,200. On a standalone basis, the building sells for $6,000 (cost $3,500), and Pharoah estimates that the standalone selling price of the installation service (based...
Respond to the requirements related to each revenue arrangement Click here to view the factoritate PRESENT...
Respond to the requirements related to each revenue arrangement Click here to view the factoritate PRESENT VALLELE Cook here to view the factor table SESENTYALUE OF AN ANNUITY (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to decimal places. e. 5.275.) your answer is partially correct. Try again Blossom sells 3-D printer systems. Recently, Blossom provided a special promotion of zero-interest financing for two years on any new 3D printer...
Crane Ranch & Cheyenne is a distributor of ranch and farm equipment. Its products range from...
Crane Ranch & Cheyenne is a distributor of ranch and farm
equipment. Its products range from small tools, power equipment for
trench-digging and fencing, grain dryers, and barn winches. Most
products are sold direct via its company catalog and Internet site.
However, given some of its specialty products, select farm
implement stores carry Crane’s products. Pricing and cost
information on three of Crane’s most popular products are as
follows.
Item
Standalone
Selling Price (Cost)
Mini-trencher
$ 3,700
($2,100
)
Power...
Exercise 13-19 (Part Level Submission) Presented below is information related to Riverbed Inc. RIVERBED INC. BALANCE...
Exercise 13-19 (Part Level Submission)
Presented below is information related to Riverbed Inc.
RIVERBED INC.
BALANCE SHEET
DECEMBER 31, 2017
Cash
$44,700
Notes payable (short-term)
$50,400
Receivables
$109,000
Accounts payable
31,900
Less: Allowance
15,000
94,000
Accrued liabilities
5,000
Inventory
171,700
Common stock (par $5)
261,100
Prepaid insurance
8,100
Retained earnings
141,500
Land
20,000
Equipment (net)
151,400
$489,900
$489,900
RIVERBED INC.
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue
$1,401,100
Cost of goods sold
Inventory, Jan. 1,...
Oriole Ranch & Waterway is a distributor of ranch and farm equipment. Its products range from...
Oriole Ranch & Waterway is a distributor of ranch and farm
equipment. Its products range from small tools, power equipment for
trench-digging and fencing, grain dryers, and barn winches. Most
products are sold direct via its company catalog and Internet site.
However, given some of its specialty products, select farm
implement stores carry Oriole’s products. Pricing and cost
information on three of Oriole’s most popular products are as
follows.
Item
Standalone
Selling Price (Cost)
Mini-trencher
$ 3,600
($2,000
)
Power...
LIST OF ACCOUNTS: Riverbed Corp. follows IFRS and sells its products in expensive, reusable containers that...
LIST OF ACCOUNTS:
Riverbed Corp. follows IFRS and sells its products in expensive, reusable containers that can be tracked. The customer is charged a deposit for each container that is delivered and receives a refund for each container that is returned within two years after the year of delivery. When a container is not returned within the time limit, Riverbed accounts for the container as being sold at the deposit amount and credits the account Container Sales Revenue. Information for...
Exercise 13-3 (Part Level Submission) Riverbed Company began operations on January 2, 2016. It em...
Exercise 13-3 (Part Level Submission)
Riverbed Company began operations on January 2, 2016. It employs 9
individuals who work 8-hour days and are paid hourly. Each employee
earns 11 paid vacation days and 8 paid sick days annually. Vacation
days may be taken after January 15 of the year following the year
in which they are earned. Sick days may be taken as soon as they
are earned; unused sick days accumulate. Additional information is
as follows.
Actual Hourly
Wage...
Presented below are two independent revenue arrangements for Indigo Company. Respond to the requirements related to each revenue arrangement ?Your answer is incorrect. Try again. Indigo sells 3D printer systems. Recently, Indigo provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Indigo sells Lyle Cartright a 3D system, receiving a $5,300 zero interest bean ng note on January 1 2017. The cost ofthe 3D printer system is $4,240 Indigo imputes a...
Problem 18-8 Presented below are two independent revenue arrangements for Bonita Company. Respond to the requirements related to each revenue arrangement. Bonita sells 3D printer systems. Recently, Bonita provided a special promotion of zero-interest financing for 2 years on any new 3D printer system. Assume that Bonita sells Lyle Cartright a 3D system, receiving a $5,700 zero-interest-bearing note on January 1, 2017. The cost of the 3D printer system is $4,560. Bonita imputes a 6% interest rate on this zero-interest...
Cullumber Ranch & Riverbed is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Cullumber's products. Pricing and cost information on three of Cullumber's most popular products are as follows Standalone Selling Price (Cost) Item $4,000 ($2,000) Mini-trencher Power fence hole...
Pharoah Inc. sells storage structures of various sizes to homeowners and businesses. Respond to the requirements related to the following independent revenue arrangements for Pharoah products and services. Pharoah offers building R400, mainly to homeowners. Pharoah will also install the building for the customer. The price for Pharoah to deliver and install an R400 is $6,200. On a standalone basis, the building sells for $6,000 (cost $3,500), and Pharoah estimates that the standalone selling price of the installation service (based...
Respond to the requirements related to each revenue arrangement Click here to view the factoritate PRESENT VALLELE Cook here to view the factor table SESENTYALUE OF AN ANNUITY (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to decimal places. e. 5.275.) your answer is partially correct. Try again Blossom sells 3-D printer systems. Recently, Blossom provided a special promotion of zero-interest financing for two years on any new 3D printer...
Crane Ranch & Cheyenne is a distributor of ranch and farm
equipment. Its products range from small tools, power equipment for
trench-digging and fencing, grain dryers, and barn winches. Most
products are sold direct via its company catalog and Internet site.
However, given some of its specialty products, select farm
implement stores carry Crane’s products. Pricing and cost
information on three of Crane’s most popular products are as
follows.
Item
Standalone
Selling Price (Cost)
Mini-trencher
$ 3,700
($2,100
)
Power...
Exercise 13-19 (Part Level Submission)
Presented below is information related to Riverbed Inc.
RIVERBED INC.
BALANCE SHEET
DECEMBER 31, 2017
Cash
$44,700
Notes payable (short-term)
$50,400
Receivables
$109,000
Accounts payable
31,900
Less: Allowance
15,000
94,000
Accrued liabilities
5,000
Inventory
171,700
Common stock (par $5)
261,100
Prepaid insurance
8,100
Retained earnings
141,500
Land
20,000
Equipment (net)
151,400
$489,900
$489,900
RIVERBED INC.
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2017
Sales revenue
$1,401,100
Cost of goods sold
Inventory, Jan. 1,...
Oriole Ranch & Waterway is a distributor of ranch and farm
equipment. Its products range from small tools, power equipment for
trench-digging and fencing, grain dryers, and barn winches. Most
products are sold direct via its company catalog and Internet site.
However, given some of its specialty products, select farm
implement stores carry Oriole’s products. Pricing and cost
information on three of Oriole’s most popular products are as
follows.
Item
Standalone
Selling Price (Cost)
Mini-trencher
$ 3,600
($2,000
)
Power...
LIST OF ACCOUNTS:
Riverbed Corp. follows IFRS and sells its products in expensive, reusable containers that can be tracked. The customer is charged a deposit for each container that is delivered and receives a refund for each container that is returned within two years after the year of delivery. When a container is not returned within the time limit, Riverbed accounts for the container as being sold at the deposit amount and credits the account Container Sales Revenue. Information for...
Exercise 13-3 (Part Level Submission)
Riverbed Company began operations on January 2, 2016. It employs 9
individuals who work 8-hour days and are paid hourly. Each employee
earns 11 paid vacation days and 8 paid sick days annually. Vacation
days may be taken after January 15 of the year following the year
in which they are earned. Sick days may be taken as soon as they
are earned; unused sick days accumulate. Additional information is
as follows.
Actual Hourly
Wage...
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