Bill Amends, owner of Indigo Estate Inc., buys and sells commercial properties. Recently, he sold land for $3,110,000 to the Blackhawk Group, a developer that plans to build a new shopping mall. In addition to the $3,110,000 sales price, Blackhawk Group agrees to pay Indigo Estate Inc. 1% of the retail sales of the mall for 10 years. Blackhawk estimates that retail sales in a typical mall project is $1,060,000 a year. Given the substantial increase in online sales that are occurring in the retail market, Bill had originally indicated that he would prefer a higher price for the land instead of the 1% royalty arrangement and suggested a price of $3,385,000. However, Blackhawk would not agree to those terms.

What is the transaction price for the land and related royalty payment that Indigo Estate Inc. should record?

$3,110,000

Explanation:

Transaction price is a fixed and certain price in which a transaction is made. Here the certain price is $3,110,000 only, since this is the definite selling price. 1% commission should not be considered here, because it is based on sales and the sale-figure may change in future. Therefore, the amount of commission is not sure.

Transaction price is $3,110,000

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

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