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8090 [49]
3 years ago
6

General Inc. shipped 100 million coupons in products it sold in 2013. The coupons are redeemable for thirty cents each. General

anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2014. There were 45 million coupons redeemed in 2013, and 30 million redeemed in 2014.
1. What was Gerneral`s coupon liability as of December 31, 2013?

2.What was General`s coupon promotion expense in 2013?

3. What was Gerneral`s coupon promotional expense in 2014?

Business
1 answer:
11111nata11111 [884]3 years ago
8 0

Answer:

Gerneral's coupon liability as of December 31, 2013= $21 Million

General's coupon promotion expense in 2013= $21 Million

What was Gerneral's coupon promotional expense in 2014 can be seen in the attached photo

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Norbert works in a beauty salon. he receives a 50% employee discount for salon services. in 2016, he used his discount to buy $1
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The answer is D. $600. In general, the employee discount didn't result in taxable income to the recipient. The amount that may be excluded in relation to services purchased by employees, however, is limited to 20% of the amount normally charged to non-employee customers. As a result, Norbert would be able to exclude an employee discount up to 20% x $2,000 or $400 with the remaining $600 included in gross income.
4 0
3 years ago
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 300 34
AlladinOne [14]

Answer:

Production budget for May = 336 units

Explanation:

<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

Production = Sales volume + closing inventory - opening inventory

Closing inventory in May =40%× 300

opening inventory in May = Closing inventory in April= 40%×360

Production budget = 360 + (40%× 300) -(40%× 360)=336

Production budget for May = 336 units

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3 years ago
An increase in the demand for loanable funds will occur if there is A. an increase in the real interest rate. B. an increase in
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C, a decrease in the real interest rate

Explanation:

When factors such as changes in expectation, technology, demands for goods and services, etc cause in shift in the demand curve for capital, interest rates act as the determinant of the capital demand.

If the interest rates of loans are high, capital demand will be reduced but in the event that interest rates are low, capital demand is high or increases.

Cheers

8 0
3 years ago
Read 2 more answers
If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion,
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Answer:

36 billion

Explanation:

The GDP can be calculated using the income approach in which the output of a country is equal to the total income people receive in that country.

GDP= Compensation of employees + Net interest + Rental income + Corporate profits

From this formula, you can isolate the compensation of employees:

Compensation of employees= GDP-Net interest - Rental income - Corporate profits

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Compensation of employees= $65-$29

Compensation of employees= $36

The wages during 2009 in Sildavida were: $36 billion.

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4 years ago
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4. Private Label - 7.48% market share - Muesli, Choco-Shells

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