Business, 29.04.2021 17:30, payshencec21

As part of a promotion campaign, Funzy Cereal includes one coupon in each issue of various national magazines and offers a toy car in exchange for $1.30 and two coupons. The cars cost Funzy $1.80 each. Experience indicates that 40% of the coupons eventually will be redeemed. During the last month of 2021, the first month of the offer, 15.00 million coupons were distributed and 2.30 million of the coupons were redeemed. Funzy recognizes coupon promotion expense in the period coupons are issued. What amount should Funzy report as coupon promotion expense on its December 31, 2021, income statement

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:30, jluckie080117

In business, what would be the input, conversion and output of operating a summer band camp

Answers: 1

continue

Business, 22.06.2019 03:10, kingbob101

Jackson is preparing for his hearing before the federal communications commission (fcc) involving a complaint that was filed against him by the fcc regarding the interruption of radio frequency. the order to "cease and desist" using the radio frequency has had a detrimental impact on his business. once the administrative law judge prepares his or her initial order, jackson has no further options. no, jackson can request that the matter be reviewed by an agency board or commission. yes, once the initial order is presented, it's only a matter of time before the order becomes final.

Answers: 3

continue

Business, 22.06.2019 10:30, salvadorjr1226p4zkp3

On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?

Answers: 2

continue

Business, 22.06.2019 14:20, kevinglvz

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Answers: 1

continue

Do you know the correct answer?

As part of a promotion campaign, Funzy Cereal includes one coupon in each issue of various national...