Overview
2 Cover Letters
The assignment is for you to use the sample cover letter in your folder as a guide for layout and content, without copying the letter. Then, using your personal writing style, write two cover letters in response to postings you see when you search job boards like LinkedIn, Glassdoor, Indeed or Monster. Apply for two different jobs relevant to your major and career goal, Make sure you address each letter to a specific person (search online for the hiring manager or simply create a name). Upload the letter as one file, which means that you open a blank MS Word document, type your first letter then skip two lines and type the second letter At the end of the second letter, paste the links to the two jobs for which you applied. Finally, please edit your work before you submit it,
Homework
Cost Accounting
Chpt 6 HW - 15 multiple choice questions
3 accounting questions for Chpt 6
Intermediate Accounting
Chpt 18 - Solve Problem 1 and 2 using the link below
https://drive.google.com/file/d/14THeukVMdItjH_PHz...
P18.1 (LO 2, 3) (Allocate Transaction Price, Upfront Fees) Tablet Tailors sells tablet PCs com-
bined with Internet service, which permits the tablet to connect to the Internet anywhere and set up a
Wi-Fi hot spot. It off ers two bundles with the following terms.
1. Tablet Bundle A sells a tablet with 3 years of Internet service. The price for the tablet and a 3-year
Internet connection service contract is $500. The standalone selling price of the tablet is $250 (the
cost to Tablet Tailors is $175). Tablet Tailors sells the Internet access service independently for an
upfront payment of $300. On January 2, 2020, Tablet Tailors signed 100 contracts, receiving a total
of $50,000 in cash.
2. Tablet Bundle B includes the tablet and Internet service plus a service plan for the tablet PC (for
any repairs or upgrades to the tablet or the Internet connections) during the 3-year contract period.
Problems 18-67
That product bundle sells for $600. Tablet Tailors provides the 3-year tablet service plan as a separate
product with a standalone selling price of $150. Tablet Tailors signed 200 contracts for Tablet Bundle
B on July 1, 2020, receiving a total of $120,000 in cash.
Instructions
a. Prepare any journal entries to record the revenue arrangement for Tablet Bundle A on January 2,
2020, and December 31, 2020.
b. Prepare any journal entries to record the revenue arrangement for Tablet Bundle B on July 1, 2020,
and December 31, 2020.
c. Repeat the requirements for part (a), assuming that Tablet Tailors has no reliable data with which to
estimate the standalone selling price for the Internet service.
P18.2 (LO 2, 3, 4) (Allocate Transaction Price, Modifi cation of Contract) Refer to the Tablet
Bundle A revenue arrangement in P18.1. In response to competitive pressure for Internet access for
Tablet Bundle A, after 2 years of the 3-year contract, Tablet Tailors off ers a modifi ed contract and exten-
sion incentive. The extended contract services are similar to those provided in the fi rst 2 years of the con-
tract. Signing the extension and paying $90 (which equals the standalone selling of the revised Internet
service package) extends access for 2 more years of Internet connection. Forty Tablet Bundle A customers
sign up for this off er.
Instructions
a. Prepare the journal entries when the contract is signed on January 2, 2022, for the 40 extended con-
tracts. Assume the modifi cation does not result in a separate performance obligation.
b. Prepare the journal entries on December 31, 2022, for the 40 extended contracts (the fi rst year of the
revised 3-year contract).