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alex41 [277]
3 years ago
8

Sweet Dates Company offers a premium to its customers - a glass bowl (cost to Sweet Dates is $0.90) upon return of 40 coupons. T

wo coupons are placed in each box of dates sold. The company estimates, on the basis of past experience, that only 70% of the coupons will ever be redeemed. During 2016, 10 million boxes of dates are sold, for cash, at $0.30 each. Eight million coupons are redeemed during 2016. Sweet Dates purchased 360,000 glass bowls for the plan on January 1, 2016.
Required:

1. Prepare the journal entries related to the sale of dates and the premium plan in 2016.
2. Show how the preceding items would be reported on the December 31, 2016, balance sheet.

Business
1 answer:
ipn [44]3 years ago
4 0

Answer:

Please see attachment

Explanation:

Please see attachment

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andie needs to borrow $6,000 to buy a car. one dealer offers her a monthly payment of $193.60 on a 3-year loan with an apr of 10
Kitty [74]

Given the above stated information, the the correction options is C. Three year loan costs less than 4 year loan.

<h3>What is a the calculations justifying the above answer?</h3>

The computation is executed using excel. Here is the explanation for same:

  • There are two loan choices available. We must calculate the total payments for both alternatives and choose the one with the lowest cost.
  • The first option is to pay $193.60 per month with 10% interest for 3 years.
  • The second option is to pay $158 per month for four years at 12% interest.
  • Total cost for option 1 is $969.60.
  • Total cost for option 2 is $1584.00.

Hence from

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Full Question:

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7 0
2 years ago
A bond with a face value of $100,000 was issued for $93,500 on January 1 of this year. The stated rate of interest was 8 percent
Inessa05 [86]

Answer:

So interest payment will be $8000

Explanation:

We have given face value of the bond = $100000

And bond is issued for $93500

Standard rate of interest = 8 %

And market rate of interest = 10 %

We have to find the interest paid

Interest payment will be given by

Interest payment = face value of bond × standard rate of interest

= $100000×0.08 = $8000

So interest payment will be $8000

5 0
3 years ago
A Canadian company is examining the relative wages, land-acquisition costs, and access to R&amp;D facilities before deciding to
leonid [27]

Answer:

The correct answer is <em>''Market Analysis''</em>.

Explanation:

A market analysis is the name given, in the field of economics, to the term that refers to the strategy used by many managers to<em> know whether is good or bad to enter a new market</em>. It is part of an industry analysis and <em>it shows the attractiveness and dynamics</em> within the market that could led to a very good decision at the time of decising whether to operate or not in a foreign market. Moreover, it is also known as a <em>documented investigation</em> whose main focus is on e<em>valuating the basics</em> of a new market and <em>inform</em> to the managers of the company that information. <u><em>Therefore that a ''market analysis'' is particulary important to the company's choice of a mode of entry.</em></u>

3 0
3 years ago
MAX Electronics produces tiny wireless speakers that can be used with computers and MP3 players. The firm has built new factorie
faust18 [17]

Answer:

maturing

Explanation:

Based on the information provided within the question it can be said that Max Electronics is most likely in the maturing product stage of the product life cycle. This is the stage where the company uses techniques to mass produce a product and where foreign demand begins to rapidly increase leading to foreign competition arising. Which seems to be exactly what is happening with Max Electronic's Wireless Speakers.

If you have any more questions feel free to ask away at Brainly.

6 0
4 years ago
What is the difference between formatting with the Format Painter and with the [F4] key?
Debora [2.8K]

<u>Answer:</u>

<em>Format Painter copies the text or graphics from the selected format and replicates it to the desired one. But F4 key copies the previous actions and may copy all the commands. </em>

<u>Explanation:</u>

These are the two basic shortcuts of editing any text or graphics. Format painter is a tool on the task bar which copies the properties of one text or graphic and transfer it to the desired format.

4 0
4 years ago
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