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A software business offers three software items for sale individually and as a bundled product. The bundled product contains one of each software item. The following data applies:Unit sell price Unit costWord processing software $125 $18Spreadsheet software $150 $20Accounting software $225 $25Bundled product $380
A. Determine the amount of the bundled product sell price that should be allocated to each individual software item using the stand alone method and individual sell prices as the weight.
B. Determine the amount of the bundled product sell price that should be allocated to each individual software item using the incremental method with individual sales items ranked as follows: (1) word processing (2) spreadsheet (3) accounting.
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On May 10, 2007, Wiley, Inc remitted $91,450 to the state tax division for April 2007 sales. Calculate the amount of Wiley's April 2007 sales subject to sales tax, and, record the journal entry that would be made when the tax is paid:
What criterion must be met for true comparability?
Candlestick Corporation purchased raw material used for manufacturing candles from a supplier on June 1. The total amount of the purchase was $10,500 of which $3,000 was paid on the day of purchase. The remaining amount owed is due to the suppler ..
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Please prepare solutions to the following questions concerning topics covered in the first half of the course
In addition, due to a bearish stock market, the value of the entity's investment portfolio has declined 15% from its purchase price. What issues must you consider in advising Amy and the corporate trustee?
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