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Reika [66]
3 years ago
9

General Product Inc. distributed 140 million coupons in 2021. The coupons are redeemable for 40 cents each. General anticipates

that 70% of the coupons will be redeemed. The coupons expire on December 31, 2022. There were 56 million coupons redeemed in 2021 and 45 million redeemed in 2022. General recognizes coupon expense in the period coupons are issued. What was General's coupon promotional expense in 2022?
Business
1 answer:
Fiesta28 [93]3 years ago
4 0

Answer:

$1.2 million

Explanation:

The computation of General's coupon promotion expense in 2022 is shown below:-

But before that we need to do following calcualtions

General's coupon promotion expense in 2021 = Shipped coupons × Redeemable cents × Redeemed Coupon percentage

= 140 million × $0.40 × 70%

= $39.2  million

Redemption in 2021 = Coupons redeemed × Redeemable cents

= $56 million × $0.40

= $22.40  million

Redemption in 2022 = Coupons redeemed × Redeemable cents

= $45 million × $0.40

= $18 million  million

So,

General's coupon promotional expense in 2022 = Redemption in 2021 + Redemption in 2022 - General's coupon promotion expense in 2021

= ($22.40 million + $18 million) - $39.2  million

= $1.2 million

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Answer:

He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending​. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>

Explanation:

To arrive at R$ equivalent of $15,000 on monthly basis, since  BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.

For January,  3.9642*15,000= R$59,463.00

     February  3.8402*15,000= $57,603.00, etc.

Solution  

S/N Month      BRL=1.00 USD          BRL Equivalent(R$)

1 January              3.9642              59,463.00

2 February            3.8402               57,603.00

3 March                 3.6086               54,129.00

4 April                    3.6851                55,276.50

5 May                     3.5843               53,764.50

6 June                    3.5493               53,239.50

7 July                      3.2331               48,496.50

8 Aug-08                3.2312               48,468.00

8 0
3 years ago
All the following are examples of start-up costs EXCEPT
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Answer:

A . payroll taxes.

Explanation:

Payroll taxes are imposed on the employers or employees of the company. In the examples of the question, the costs except for the payroll taxes are all paid by the company. Besides, payroll taxes are also not taxed on the company instead of on the employees' wages, which is funded by them. That is why all the examples are start-up costs except the payroll taxes

6 0
3 years ago
A company incurred the following costs for a new delivery​ truck: Purchase price $ 150 comma 000 Sales tax 7 comma 900 Delivery
MrMuchimi

Answer:

$168,200

Explanation:

Given that,

Purchase price = $ 150,000

Sales tax = 7,900

Delivery charge from​ sellers location = 1,200

Special racks for storage = ​3,000

Normal repairs to the truck before it was used for the first time = ​1,100

Signs painted on the truck ​= 2,000

Insurance on truck before it was used for the first time = ​3,000

All the above expenses are included in determining the cost of the delivery truck. Normal repairs to the truck and insurance on truck are also included in the cost of truck because it was incurred before the truck used for the first time.

Cost of the delivery​ truck:

= Purchase price + Sales tax + Delivery charge from​ sellers location + Special racks for storage + Normal repairs to the truck before it was used for the first time + Signs painted on the truck + Insurance on truck before it was used for the first time

= $150,000 + $7,900 + $1,200 + $3,000 + $1,100 + $2,000 + $3,000

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5 0
3 years ago
According to​ Zane, it was difficult for him to empower his employees and not​ micromanage; however, he realized that being resp
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Answer:

The answer is: Interpersonal skills                                

Explanation:

Interpersonal skills, also known as the soft skills, refers to the behavior of an individual while interacting or communicating with others. Interpersonal skills can also be described as the ability of an employee to work with others.

Interpersonal skills include effective communication, active listening, deportment, attitude and dispute resolving.

<u>Therefore, the given example illustrates </u><u>Interpersonal skills.</u>

5 0
3 years ago
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Answer:

<em>1. Airplanes. </em>

<em>2. Ice-cream plants. </em>

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<em>8. Swimming pools.</em>

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Explanation:

In this scenario, Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months.

Basically, the high-pressure water cleaning is a process that involves using water running at a very high pressure and sometimes high temperature to remove mold, dirt, dusts, loose paint, snow removal, grime etc from physical objects such as vehicles, equipments, buildings, billboards through the use of a plunger pump.

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The proper application of high-pressure water cleaning helps to reduce environmental degradation, ensure equipments or environment are clean and neat. Also, high and tight places that cannot be easily reached by humans can still be cleaned with the help of a high-pressure water cleaner.

3 0
3 years ago
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