As per the given information Onta Motors has a car dealership and given the information of | |||||
stand alone prices, selling prices after negotiations. | |||||
Requirement a. | Component | ||||
Component | Stand-alone selling | ||||
Stand-alone selling | Price as | *Actual | = | ||
Price | percentage of total | Sale price | Allocation | ||
Car | 45200 | 89.3281 | % | 46100 | 41180 |
Basic service package (2 Years) | 3200 | 6.3241 | % | 46100 | 2915 |
Interim for premium service package (4 years) | 2200 | 4.3478 | % | 46100 | 2004 |
50600 | 100 | % | |||
Upon Delivery | Year 1 | Year 2 | Year 3 | Year 4 | |
Car | 41180 | 0 | 0 | 0 | 0 |
Basic service package (2 Years) | 0 | 1458 | 1458 | 0 | 0 |
Interim for premium service package (4 years) | 0 | 501 | 501 | 501 | 501 |
Requirement b. | Component | ||||
Component | Stand-alone selling | ||||
Stand-alone selling | Price as | *Actual | = | ||
Price | percentage of total | Sale price | Allocation | ||
Car | 45200 | 89.3281 | % | 46100 | 41180 |
Premium service package | 5400 | 10.6719 | % | 46100 | 4920 |
50600 | |||||
Upon Delivery | Year 1 | Year 2 | Year 3 | Year 4 | |
Car | 41180 | 0 | 0 | 0 | 0 |
Premium service package | 0 | 1230 | 1230 | 1230 | 1230 |
Requirement c. | |||||
Total sale price | |||||
Total sale price | 49500 | ||||
Less: Basic Package | 1700 | ||||
Less: Increment premium package | 1800 | ||||
46000 | Average of $44000 and $48000 |
2 Onwa Motors sacar dealership that has two types of operation car sales and service. The...
just need the last part of the part answered Assume the same facts as in P 6-2, except thats customers must pay $75 to purchase the extended warranty if they don't purchase it with the $50 coupon that was included in Protab Package. Creative estimates that 40% of customers will use the $50 coupon to purchase an extendes warranty c. Prepare the journal entry to recognize revenue IUI IC Julo UFI Creative Computing sells a tablet computer called the Protab....
Problem 1 (2/4, 6 points total) Antonio's Car Services provides Rick placed an order for an ar Services provides maintenance services for motorized vehicles. In March 2018, aced an order for a new set of tires for $350. When a customer purchases goods or services in excess of $300. Antonio's gives the customer a 25% discount coupon for future purchases made in the next three months. Antonio's estimates that approximately 80% of comers utilize the coupon and that on average...
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Transfer Pricing with Idle Capacity Oriole, Inc., owns a number of food service companies. Two divisions are the Coffee Division and the Donut Shop Division. The Coffee Division purchases and roasts coffee beans for sale to supermarkets and specialty shops. The Donut Shop Division operates a chain of donut shops where the donuts are made on the premises. Coffee is an important item for sale along with the donuts and, to date, has been purchased from the Coffee Division. Company...
The CFO of the supermarket chain Aldi is examining an investment in a new delivery service for internet orders. The initial investment of the project consists of a cash outflow of €700,000 for the following items: a) distribution fleet, b) computer servers, c) delivery packages, and d) other fixed assets. These assets will be fully depreciated for tax purposes over a 5-year period, which is the lifetime of the project, using the straight-line depreciation method. At the end of this...
The CFO of the supermarket chain Aldi is examining an investment in a new delivery service for internet orders. The initial investment of the project consists of a cash outflow of €700,000 for the following items: a) distribution fleet, b) computer servers, c) delivery packages, and d) other fixed assets. These assets will be fully depreciated for tax purposes over a 5-year period, which is the lifetime of the project, using the straight-line depreciation method. At the end of this...
The CFO of the supermarket chain Aldi is examining an investment in a new delivery service for internet orders. The initial investment of the project consists of a cash outflow of €700,000 for the following items: a) distribution fleet, b) computer servers, c) delivery packages, and d) other fixed assets. These assets will be fully depreciated for tax purposes over a 5-year period, which is the lifetime of the project, using the straight-line depreciation method. At the end of this...
The CFO of the supermarket chain Aldi is examining an investment in a new delivery service for internet orders. The initial investment of the project consists of a cash outflow of €700,000 for the following items: a) distribution fleet, b) computer servers, c) delivery packages, and d) other fixed assets. These assets will be fully depreciated for tax purposes over a 5-year period, which is the lifetime of the project, using the straight-line depreciation method. At the end of this...
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On April 20, 2001, Yan Fangjiao, general manager of the Instruments Division of Stone Group Corp. in Beijing, China, received a phone call from Lu Feng, sales representative of the Instruments Division. Feng was calling to ask Yan whether he should sell three Model HP34401A digital multimeters from the Instruments Division to the Industrial Controllers Division and what transfer price should be used if he did want to sell. Yan had to consider the appropriate accounting principles that applied in...