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please . . Wilson Links Products sells a product that involves two separate performance obligations: the SwingBisht golf club weight and the Swineconch teaching software.
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. . Wilson Links Products sells a product that involves two separate performance obligations: the SwingBisht golf club weight and the Swineconch teaching software. SwingBight has a stand-alone selling price of $195. Wilson sells both the SwingBight and the SwinCoach as a package deal for $280. The Swingsoash software is not sold separately. Wilson is aware that other vendors charge 5190 for similar software, and Wilson's prices are generally 10% lower than what is charged by those vendors, Wilson estimates that it incurs approximately $110 of cost per copy of the software, and usually charges sex above cost on similar products. Estimate the stand-alone selling price of the software using the residual approach $95 $170 $220 $165.5 Mega Loan Company has very stringent credit requirements and accordingly, has negligible losses from uncollectible accounts. The company's independent accountants did not protest when, contrary to GAAP, the company recorded bad debt expense only when specific accounts were determined to be uncollectible, rather than use an allowance for uncollectible accounts. The concept demonstrated : Comparability Faithful representation Cost-effectiveness Materiality In the DuPont formula, return on assets equals: . . . . Gross margin on sales x Inventory turnover Profit margin on sales x inventory turnover Gross margin on sales Asset turnover, Profit margin on saletx Asset turnover Step by Step Solution
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