2 Onwa Motors sacar dealership that has two types of operation car sales and service. The two divisions operate independently and at the showroom for car r y rate on the service shop (They are oss the s tomach other Despite the independence of the divisions, the company provides incentives to its to som e packages song with the sale of cars now and used Condor the following offer posted one of the windows Click the icon to view the As is local incat sales, the price negated between the salesperson and the customers in each schon v orenc i es and there is a considerable amount of a given to the person to the price to do the deadline Such transaction for the above winding the premium service package the fl otted price was 1.100 sore theme of money in this prom) Required Begin by computing the revenue allocation for each of the tree car components , service package, and increment for service p e lound your answers to the re a r Round percentages to our de ces XXX ) Component Component and alone sericeas c a sandalone se price percentage of total e increment for premium service package Price 45200 Next complete the table to record leven 3 in a manner trates the turning of the delivery Upon art SI ET 2 22 DLL Basic service package Increment for premium Total SI Specialer for corpos service ice package An [Done Choose from any list or enter any number in the input fields and then continue Onwa Motors is a car dealership that has two types of operations a nd service The visions perindependent at the showroom is Despite the independence of the two division, the company provides inc on the weshop (They wer e o n to p e wth care and second the owner one of the windows Cack the icon to vw the offer) As is typical in care the price ocated between the salesperson and the comes in that even for decal Such transaction for the above concluding the premium service package and there a contenuto det e rson to the price to the in d price was 35.100 G r e ve of money in the problem - Reduced Requirement b. Smilar to partial assume that the component prices by reflect their storia sering pro cept that the pen package Buskerment for promiso de considered together for a price of 5. Complete that should be recorded on the date of delivery of the Grand for each of the next four years Begin by computing the revenue location for the components car and premium service packaguld y t o the west Round percas e Data Table Component and wine selling price as Actual percentage of ou r Next determine the timing of the seven ecognition for the two car compo Upon calvary You u nd your answers to the hear your west cant for periods year Corpomm service Premium service package Pre Done Choose from any list or enter any number in the input fields and then continue to the next question Requirement. The service shop offers the service packages to other word s of where they there was the car $1.00 and for the promun packages 1500mg the 51 100 to upgrade from the basic to the premium package) Actual sale prices of these are ficut toon datos como a perder seits hyposto determine a range of prices from 0 to $48.000 based on these assumed tacts, determine the amount of revenue that should be recorded upon delivery of the ow e s orams for numbers to be sure Total sale price Residus mount located to car Onta Motors is a car dealership that has two types of operations: car sales and service. The two divisions operate independently and, in fact, the showroom for car sales is entirely separate from the service shop. (They are across the street from each other.) Despite the independence of the two divisions, the company provides incentives to its sales team to sell maintenance packages along with the sale of cars (new and used). Consider the following offer posted on one of the car windows Car $45,200 Basic service package (2 years) 3,200 Increment for premium service package (4 years) 2,200 Total $50,600 Special offer for car + premium service 47,700 You save $2,900 As is typical in car sales, the price negotiated between the salesperson and the customer varies in each transaction, even for identical vehicles, and there is a considerable amount of latitude given to the salesperson to adjust the price to "close the deal." In one such transaction for the above car including the premium service package, the final negotiated price was $46,100. (Ignore the time value of money in this problem.) Requirement a. Assume that the three prices (for car, basic service package, increment for premium service package) reliably reflect the stand-alone selling price of these items. Compute the revenue that should be recorded on the date of delivery of the car and for each of the next four years. Begin by computing the revenue allocation for each of the three car components (car, basic service package, and increment for premium service package). (Round your answers to the nearest dollar. Round percentages to four decimal places, X.XXXX %.) Component stand-alone selling price as Component stand-alone selling price x Actual sale price percentage of total Allocation Car Basic service package Increment for premium service package Total Next, complete the table to record revenue in a manner that reflects the timing of the delivery. (Round your answers to the nearest dollar. For periods where there is no revenue allocated, make sure to enter "0" in the appropriate column.) Upon delivery Year 2 Year 3 Year 4 Car Basic service package Increment for premium service package Total Rawiram Cimit Requirement b. Similar to part (a), assume that the component prices reliably reflect their stand-alone selling prices, except that the premium package (basic + increment for premium) should be considered together for a price of $5,400. Compute the revenue that should be recorded on the date of delivery of the car and for each of the next four years. Begin by computing the revenue allocation for the car components (car and premium service package). (Round your answers to the nearest dollar. Round percentages to four decimal places, X.XXXX%.) Component stand-alone selling Component price as x Actual stand-alone selling price percentage of total sale price - Allocation Car Premium service package Total Next, determine the timing of the revenue recognition in the Next, determine the timing of the revenue recognition for the two car components. (Round your answers to the nearest cent. For periods where there is no revenue allocated, make sure to enter "o" in the appropriate column.) Upon delivery Year 3 Year 4 Car Premium service package Total Requirement c. The service shop also offers the service packages to other car owners regardless of where they purchased their vehicles. The established price for the basic package is $1,700 and for the premium package is $3,500 (meaning the increment is $1,800 to upgrade from the basic to the premium package). Actual sale prices of the car itself are difficult to obtain due to various customizations that buyers demand, so it is only possible to determine a range of prices, from $44,000 $48,000. Based on these assumed facts, determine the amount of revenue that should be recorded upon delivery of the car. (Use parentheses or a minus sign for numbers to be subtracted.) Total sale price Residual amount allocated to car