![[The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several fMRI](http://img.homeworklib.com/questions/0f413ac0-08e2-11ea-93c0-5dd290908a06.png?x-oss-process=image/resize,w_560)
Homework Answers
Combined price of equipment & services = $7520 + $1880 = $9400
Transaction price paid for both = $7520
therefore,
Transaction price allocated to equipment = $7520 x ($7520/$9400)
= $6016
Transaction price allocated to equipment = $7520 x ($1880/$9400)
= $1504
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[The following information applies to the questions displayed below.] Hospital Equipment Company (HEC) acquired several...
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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 $4,200 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 $7.440 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...
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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...
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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...
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...
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 $4,200 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 $7.440 cash on November 30 for the sale of an fMRI machine delivered on December 1, HEC sold the machine...
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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 (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...
Required information (The following information applies to the questions displayed below.] Ricky's Piano Rebuilding Company has been operating for one year. On January 1, at the start of its second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts Receivable Supplies Equipment Land Building $ 7,850 Accounts Payable 15,000 Deferred Revenue (deposits) 2,100 Notes Payable (long-term) 9,500 Common Stock 8,400 Retained Earnings 28,400 $10,300 4,400 41,500 10,000 5,050 Following are...
Required information The following information applies to the questions displayed below) In this module, you will learn how to analyze sales of bundled items under a perpetual inventory system. Illustration of Sale of Bundled items Knowledge Check 01 Carryon Company sells a product and a 12-month service package for that for a combined price of $800. Separately, the product and the service sell for $450 and $550, respectively. How much of the combined price should be allocated to the product?...
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