In April 2021, Smartest Co. commits to selling 1,500 of its iPhone compatible docking stations to...

 

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In April 2021, Smartest Co. commits to selling 1,500 of its iPhone compatible docking stations to Fastest Co. for P600,000. The stations are delivered to Fastest Co. over the next six (6) months. After 900 stations are delivered, the contract is modified and Smartest Co. promises to deliver 450 more products for an additional P171,000. All sales are cash on delivery. The cost of each station is P220. a.) The sale of the first 900 stations generates a sales revenue of b.) The sale of the first 900 stations reduces inventory at c.) The account debited at cost for the sale of the first 900 stations is d.) The revenue of the remaining undelivered stations immediately prior to the contract modification is e.) The total remaining revenue to be earned after the contract modification is f.) The revenue per remaining station to be earned after the contract modification is g.) The sale of 100 more stations after the contract modification (assuming that the price for the additional reflects the standalone selling price at the time of the contract modification and the additional stations are distinct) generates a sales revenue of h.) The sale of 100 more stations after the contract modification (assuming that the price for the additional reflects the standalone selling price at the time of the contract modification and the additional stations are distinct) reduces inventory at i.) The sale of 100 more stations after the contract modification (assuming that the pricing for the additional products does not reflect the standalone selling price of the additional products and the prospective method is used) generates a sales revenue of In April 2021, Smartest Co. commits to selling 1,500 of its iPhone compatible docking stations to Fastest Co. for P600,000. The stations are delivered to Fastest Co. over the next six (6) months. After 900 stations are delivered, the contract is modified and Smartest Co. promises to deliver 450 more products for an additional P171,000. All sales are cash on delivery. The cost of each station is P220. a.) The sale of the first 900 stations generates a sales revenue of b.) The sale of the first 900 stations reduces inventory at c.) The account debited at cost for the sale of the first 900 stations is d.) The revenue of the remaining undelivered stations immediately prior to the contract modification is e.) The total remaining revenue to be earned after the contract modification is f.) The revenue per remaining station to be earned after the contract modification is g.) The sale of 100 more stations after the contract modification (assuming that the price for the additional reflects the standalone selling price at the time of the contract modification and the additional stations are distinct) generates a sales revenue of h.) The sale of 100 more stations after the contract modification (assuming that the price for the additional reflects the standalone selling price at the time of the contract modification and the additional stations are distinct) reduces inventory at i.) The sale of 100 more stations after the contract modification (assuming that the pricing for the additional products does not reflect the standalone selling price of the additional products and the prospective method is used) generates a sales revenue of

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