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Orange Inc offers a discount on an extended warranty on its oPhone when the warranty is purchased at the time the oPhone is purchased The warranty

Orange Inc. offers a discount on an extended warranty on its oPhone when the warranty is purchased at the time the oPhone is purchased. The warranty normally has a price of $144, but Orange offers it for $117 when purchased along with an oPhone.

Orange anticipates a 80% chance that a customer will purchase the extended warranty along with the oPhone. Assume Orange sells to 1,000 oPhones with the extended warranty discount offer. What is the total stand-alone selling price that Orange would use for the extended warranty discount option for purposes of allocating revenue among the performance obligations in those 1,000 oPhone contracts? Multiple Choice $27000 $0 $117,000 $21,600 We were unable to transcribe this imageSave & Exit Submit Help On January 2, 2018, Howdy Doody Corporation purchased 15% of Ranger Corporation's common stock for $53,000. Ranger's net income for the years ended December 31, 2018 and 2019, were $11,000 and $58,000 respectively. During 2018, Ranger declared and paid a dividend of $68,000. On December 31, 2018, the fair value of the Ranger stock owned by Howdy Doody had increased to $74,000. How much should Howdy Doody show in the 2018 income statement as income from this investment? Multiple Choice $27,000 $21,000. $31,200 $10,200 We were unable to transcribe this imageMinarski Electronics sells computers and provides hardware maintenance services.

On April 1st Minarski sold a package deal containing a computer and a one-year unlimited maintenance/repair service for the computer at a bundle price of $1,000.If sold separately, the computer costs $912 and the one-year unlimited maintenance/repair service costs $288. How much revenue does Minarski Electronics recognize for the month ended April 30th, assuming that revenue is accrued monthly? Multiple Choice $936.00 $780.00 $1,000 $24.00 Smith buys and sells securities. On December 15, 2018, Smith purchased $526,000 of Jones shares and elected the fair value option to account for the Jones investment. As of December 31, 2018, the Jones shares had a fair value of $575,000. In the 2018 financial statements, Smith will report (ignore taxes): Multiple Choice Investment income of $49,000 in its income statement. Other comprehensive income of $49,000. An investment in Jones of $526,000 Accumulated other comprehensive income of $575.000.

Feb 10 2020 View more View Less

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