subject
Business, 05.03.2020 17:03 amylumey2005

Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $3,700 per machine. HEC usually sells these machines to hospitals at a price of $6,160. HEC also separately sells 12 months of training and repair services for fMRI machines for $2,640. HEC is paid $6,160 cash on November 30 for the sale of an fMRI machine delivered on December 1. HEC sold the machine at its regular price, but included one year of free training and repair service. Prepare journal entries would HEC record on November 30 and December 1? (Assume HEC uses a perpetual inventory system for recording the cost of goods sold.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 20:10
Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)
Answers: 1
question
Business, 22.06.2019 21:30
The adjusted trial balance for china tea company at december 31, 2018, is presented below:
Answers: 1
question
Business, 22.06.2019 22:40
Effective capacity is the: a. capacity a firm expects to achieve given the current operating constraints.b. minimum usable capacity of a particular facility.c. sum of all the organization's inputs.d. average output that can be achieved under ideal conditions.e. maximum output of a system in a given period.
Answers: 1
question
Business, 23.06.2019 02:10
Which of the following best describes what production accomplishes? a. efficient use of natural resources. b. a reduction in the size of the labor force. c. an increase in supply that lowers prices. d. value added to resources that already exist.
Answers: 1
You know the right answer?
Hospital Equipment Company (HEC) acquired several fMRI machines for its inventory at a cost of $3,70...
Questions
question
Physics, 07.07.2019 08:30
question
Mathematics, 07.07.2019 08:30
question
Mathematics, 07.07.2019 08:30
question
Mathematics, 07.07.2019 08:30
question
Chemistry, 07.07.2019 08:30