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Irina-Kira [14]
2 years ago
10

Flavor Food Company distributes to consumers coupons which may be presented (on or before a stated expiration date) to grocers f

or discounts on certain products of Flavor. The grocers are reimbursed when they send the coupons to Flavor. In Flavor's experience, 50% of such coupons are redeemed, and generally one month elapses between the date a grocer receives a coupon from a consumer and the date Flavor receives it. During 2018 Flavor issued two separate series of coupons as follows: Consumer Amount Disbursed Issued On Total Value Expiration Date as of 12/31/18 1/1/18 $500,000 6/30/18 $236,000 7/1/18 840,000 12/31/18 350,000 The only journal entry recorded to date is: debit to coupon expense and credit to cash of $815,000. The December 31, 2018 balance sheet should include a liability for unredeemed coupons of:
a) $0.
b) $70,000.
c) $184,000.
d) $420,000.
Business
1 answer:
alexgriva [62]2 years ago
4 0

Answer:

b) $70,000.

Explanation:

The computation of the liability for unredeemed coupons would be

= Coupon expired × given percentage - disbursement amount

= $840,000 × 50% - $350,000

= $420,000 - $350,000

= $70,000

Simply we take the percentage of coupon expired amount and deducted to disbursement amount so that the correct amount can come

All other information which is given is not relevant. Hence, ignored it

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When pay is made public, people evaluate how equitable their pay is in light of the pay other people are receiving. The problem
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A pretty cool thing Dwight and Guillermo would want to do first is to stay calm and approach their coal for a raise since they commit equal time to the task as others. This is one of the best way to negotiate for a due raise.

Dwight and Guillermo might also feel cheated and be angry about their low pay which may eventually force them to want to quit the team. Often times, this is situation of knowing your worth and duly sticking to the perks of it.

They might also approach this problem by coming to more practices to impress their coach. This can further augment their visibility in the team, an action which they might duly be rewarded for.

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Assume that Joe has​ $80 to spend on books and movies each month and that both goods must be purchased whole​ (no fractional​ un
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Please see attachment

Explanation:

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2 years ago
Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the
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Answer:

  1. Contain Yourself!, a plastic container company, raises the price of its signature Lunchbox container from $3.00 to $4.00 . As a result, the quantity sold drops from 20,000 to 15,000 = unit elastic
  2. Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5 = inelastic
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  1. The demand for unit elasticity is an intermediate situation between an elastic and an inelastic demand curve, in which the price elasticity is equal to one, which means that given variations in the price, the total income does not change (price per quantity). Eslasticity=1
  2. Demand is inelastic when the percentage variation of the quantity demanded is less than the percentage variation of the price. Elasticity less than 1
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For june, gold corp. estimated sales revenue at $600,000. it pays sales commissions that are 4% of sales. the sales manager’s sa
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