lexiecooley
07.05.2020 •
Business
On October 1, 2017, Sharp Company (based in Denver, Colorado) entered into a forward contract to sell 310,000 rubles in four months (on January 31, 2018) and receive $186,000 in U.S. dollars. Exchange rates for the ruble follow: Date Spot Rate Forward Rate (to January 31, 2018) October 1, 2017 $ 0.56 $ 0.60 December 31, 2017 0.59 0.62 January 31, 2018 0.61 N/A Sharp's incremental borrowing rate is 12 percent. The present value factor for one month at an annual interest rate of 12 percent (1 percent per month) is 0.9901. Sharp must close its books and prepare financial statements on December 31.
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Ответ:
Video Planet (VP)
The revenue that would be allocated to the TV, the remote, and the installation service:
TV = $1,615
Remote = $95
Installation service = $190
Explanation:
a) Data and Calculations:
Sales price of 60-inch TV = $1,700
Sales price of remote = $100
Installation service = $200
Total sales price, if sold separately = $2,000
Sales price of entire package = $1,900
Revenue allocated to the 3 performance obligations:
TV = $1,700/$2,000 * $1,900 = $1,615
Remote = $100/$2,000 * $1,900 = $95
Installation service = $200/$2,000 * $1,900 = $190
Total revenue allocated = $1,900