Question
Could you explain why these are the answers of this question? If you use financial calculator, then tell me what value you put into. Thank
Could you explain why these are the answers of this question? If you use financial calculator, then tell me what value you put into. Thank you
18. Hopner Products enters into a contract with Tulles to sell three different products. The total transaction price is $350,000. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the allocated transaction price of product Z using the adjusted market assessment approach? (Round intermediary percentages to the nearest hundredth percent, and round your final answer to the nearest whole number.)
| Product | Standalone Price | Market Price |
| X | $130,000 | $110,000 |
| Y | $120,000 | $150,000 |
| Z | Not Available | $110,000 |
- $104,055
19. Hopner Products enters into a contract with Tulles to sell three different products. The total transaction price is $370,000. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the allocated transaction price of product Z using the expected-cost-plus-a-profit margin approach? (Round intermediary percentages to the nearest hundredth percent, and round your final answer to the nearest whole number.)
| Product | Standalone Price | Market Price | Forecasted Cost |
| X | $150,000 | $130,000 | $100,000 |
| Y | $110,000 | $160,000 | $85,000 |
| Z | Not Available | $100,000 | $140,000 |
- $159,390
20. Hopner Products enters into a contract with Tulles to sell three different products. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the standalone price of product Z using the residual approach?
Transaction Price $415,000
| Price | Standalone Price |
| X | $150,000 |
| Y | $125,000 |
| Z | Not Available |
- $140,000
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World Class Internal Audit Tales From My Journey
Authors: Norman Marks
1st Edition
1500791962, 978-1500791964
