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Minarski Electronics sells computers and provides hardware maintenance services. On April 19Minarski sold a package deal containing a computer and a one-year unlimited maintenance/repair service
Minarski Electronics sells computers and provides hardware maintenance services. On April 19Minarski 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 o o O $24.00 $780.00 o O $1,000 o $936.00 Trell Corporation transferred $68,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 80% of the factored amount to Trell and retains the remaining 20%. When the bank collects the receivables, it will remit to Trell the retained amountless a fee equal to 3% of the total amount factored. Trell estimates a fair value of its 20% interest in the receivables of $17,000 (not including the 3% fee). Trell will show an amount receivable from factor of: Multiple Choice O $17,000 o O $13,600 o O $11,560. O $14,960. On September 30, 2021, Bricker Enterprises purchased a machine for $202,000. The estimated service life is 10 years with a $14,000 residual value. Bricker records partial-year depreciation based on the number of months in service. Depreciation for 2022, using the double-declining-balance method, would be: Multiple Choice $35,580. $40,400. $38,380. ( 534,800.
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