Business, 17.06.2020 20:57 jennycrapson

Great American Oilchange (GAO) sells a combined oil change service and parts package for $46. A customer who supplies the parts (oil and filter) is charged $36 for only the service. whereas a customer who buys only the oil and filter (for do-it-yourself use) is charged $36 for the parts. The parts cost GAO $30. Required:
a. Determine the dollar amount of revenue from the oil change service versus the sale of parts for each combined oil change package. TIP: To calculate the percentage of the combined package that relates to the service, divide the stand-alone selling price of the service by the combined stand-alone selling prices of both the service and parts.

b. Prepare the journal entry GAO would record if GAO provides a combined oil change service and parts package to a customer on October 7. Assume GAO distinguishes Service Revenue from Sales Revenue arising from the sale of parts. it uses a perpetual inventory system for recording the cost of goods sold, and it collects cash the day the oil change is performed.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:30

Kinda moderates the comments section of an online travel magazine.which type of comments should linda flag or delete as inappropriate content

Answers: 2

Answer

Business, 22.06.2019 13:00

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:

Answers: 1

Answer

Business, 23.06.2019 00:30

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not

Answers: 3

Answer

Business, 23.06.2019 04:40

Which qualifications have an importance level higher than 60 for a career as a customer service representative? select all that apply operation monitoring mathematics service orientation reading comprehension persuasion learning strategies speaking

Answers: 1

Answer

You know the right answer?

Great American Oilchange (GAO) sells a combined oil change service and parts package for $46. A cust...

Questions