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b. On February 1, Atlanta Inc. sells equipment to Raleigh Inc. for $200,000. As stipulated in the revenue contract, Raleigh Inc. can sell back the equipment on December 31 for $15,000. (The expected fair value of the equipment at that time is $20,000.) The relevant interest rate is 7%. Determine (1) the type of complex revenue arrangement, and (2) the amount of revenue that Atlanta Inc. should record on February 1. 1. Repurchases agreement (put option) 2. $ 6,318 x c. On April 1, Container Store Inc. shipped merchandise to Office Plus Inc. with a sales value of $15,000. Container Store Inc. entered into a contract with Office Plus Inc. in which it only is responsible for purchasing the merchandise that it ultimately sells to its customers. Any unsold merchandise can be returned to Container Store Inc. at no cost to Office Plus Inc. and Container Store Inc. can request return of merchandise held by Office Plus Inc. at any time. For the month of April, Office Plus Inc. sold $10,000 of the shipped merchandise and paid Packaging Plus Inc. for the purchase electronically on April 30. Determine (1) the type of complex revenue arrangement, and (2) the amount of revenue that Container Store Inc. should record in April. 1. Consignment arrangement 2. $ 37,250 X d. MyTickets Inc. facilitates the purchase of concert tickets to customers through its vast social media network. MyTickets Inc. has access to blocks of tickets from a large number of vendors that are advertised through its network. When a customer purchases a ticket, MyTickets Inc. electronically forwards the payment to the vendor, less a commission of 15%. Any issues with the performances associated with the tickets are managed by the vendors. In March, MyTickets Inc. sold tickets worth $45,000, of which $8,000 of the concerts have not yet taken place. Determine (1) the type of complex revenue arrangement, and (2) how much revenue MyTickets Inc, reports in March. 1. Agent arrangement + 2. $ 37,250 X

2.1. 21 much renemue Myrions inc mports in Marth

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