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-Dominant- [34]
3 years ago
9

During 2018, Deluxe Leather Goods issued 841,000 coupons which entitles the customer to a $4.20 cash refund when the coupon is s

ubmitted at the time of any future purchase. Deluxe estimates that 73% of the coupons will be redeemed. 381,000 coupons had been processed during 2018. At December 31, 2018, Deluxe should report a liability for unredeemed coupons of:
Business
1 answer:
sergeinik [125]3 years ago
8 0

Answer:

$978,306

Explanation:

The computation of the unremembered liability coupons is shown below:

= (Number of coupons issued × redeemed coupon percentage) - (processed coupons) × worth of coupon

= (841,000 coupons × 73%) - (381,000 coupons) × $4.20

= (613,930 coupons - 381,000 coupons) × $4.20

= 232,930 coupons × $4.20

= $978,306

We simply deduct the processed coupons from the redeemed coupons and then multiply it by the coupon worth

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Answer:

False

Explanation:

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8 0
3 years ago
Larkin Company accumulated the following standard cost data concerning product I-Tal.
Alex_Xolod [135]

Answer:

Standard cost per unit= $282.6

Explanation:

Giving the following information:

Direct materials per unit: 3.00 pounds at $4.20 per pound

Direct labor per unit: 9.00 hours at $12 per hour

Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $18.00 per direct labor hour

The standard cost per unit is the sum of direct material. direct labor, and allocated overhead:

Standard cost per unit= 3*4.2 + 9*12 + 9*18

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3 years ago
Variable and Absorption Costing-Service Company Jensen's Tailoring provides custom tailoring services. After the company's first
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Answer:

124

Explanation:

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Answer:

The correct answer is (E)

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There are two major policies which can directly affect the economy of a country; fiscal policy and monetary policy. Monetary policy is generally controlled by federal or state bank which is used to increase or decrease the overall money supply in the economy. Some important tools of monetary policy are interest rate, discount rate and open market operations etc. The monetary policy is often used to target inflation

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What is an exchange rate? A. How much bonds are worth when they're exchanged with cash B. How much dollars are worth when they a
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Hello!
The answer is

C. How much a currency is worth when it's exchanged with another country's currency.

Good luck!

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3 years ago
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