Homework Answers
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| O Hara | Amount $ | Note |
| Staff compensation | 50.00 | A |
| Mark up % | 30% | B |
| Mark up amount | 15.00 | C=A*B |
| Standalone selling price of club fitting services | 65.00 | D=A+C |
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O'Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting s...
O'Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting s...
O'Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A full set of clubs with the fitting services sells for $1,690. O'Hara sells the same clubs without the fitting service for $1,540 Assuming that the golf clubs and the club-fiting services are separate performance obligations, estimate the stand-alone selling price of the club fitting services using the residual approach. ed Stand-alone selling price
O'Hara Associates sells golf clubs, and with each sale of a full set of clubs provides...
O'Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A full set of clubs with the fitting services sells for $1,540. Similar club-fitting services are offered by other vendors for $150, and O'Hara generally charges approximately 10% more than do other vendors for similar services. Estimate the stand-alone selling price of the club-fitting services using the adjusted market assessment approach. Stand-alone selling price
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs...
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs and a computer program that teaches the basic techniques of the sport of golf. The customer gains access to the computer program through the internet with the code received on the day of purchase. Golf clubs have a separate selling price of $ 150. Wilson sells the golf clubs and teaching software as a bundle (combo) for $ 200. The teaching software is not...
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs...
Wilson sells a product that involves two separate performance obligations: A set of 3 golf clubs and a computer program that teaches the basic techniques of the sport of golf. The customer gains access to the computer program through the internet with the code received on the day of purchase. Golf clubs have a separate selling price of $ 150. Wilson sells the golf clubs and teaching software as a bundle (combo) for $ 200. The teaching software is not...
What is the correct answer? Bria Furniture sells bed frames and mattresses. One of its products...
What is the correct
answer?
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,100....
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed...
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $3,800. The mattress and the frame...
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed...
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,700. The mattress and the frame...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,750 and sells the remote separately for $100, and offers the entire package for $1,900. VP...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer’s home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $2,050 and sells the remote separately for $250, and offers the entire package for $2,500. VP...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,750 and sells the remote separately for $100, and offers the entire package for $1,900. VP...
O'Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A full set of clubs with the fitting services sells for $1,690. O'Hara sells the same clubs without the fitting service for $1,540 Assuming that the golf clubs and the club-fiting services are separate performance obligations, estimate the stand-alone selling price of the club fitting services using the residual approach. ed Stand-alone selling price
O'Hara Associates sells golf clubs, and with each sale of a full set of clubs provides complementary club-fitting services. A full set of clubs with the fitting services sells for $1,540. Similar club-fitting services are offered by other vendors for $150, and O'Hara generally charges approximately 10% more than do other vendors for similar services. Estimate the stand-alone selling price of the club-fitting services using the adjusted market assessment approach. Stand-alone selling price
What is the correct
answer?
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,100....
Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staff. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,700. The mattress and the frame...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,750 and sells the remote separately for $100, and offers the entire package for $1,900. VP...
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,750 and sells the remote separately for $100, and offers the entire package for $1,900. VP...
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