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No Doubt Company includes 1 coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2014, No Doubt Company purchased 8,880 premiums at 80 cents each and sold 143,700 boxes of soap powder at $3.80 per box; 51,900 coupons were presented for redemption in 2014. It is estimated that 60% of the coupons will eventually be presented for redemption. Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2014. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record the premium inventory) (To record the sales) (To record the expense associated with the sale) (To record the premium liability)
How does the balance in Allowance for Bad Debts before adjustment affect the amount of the year-end adjustment under the percentage of sales method? Under the percentage of receivables method?
During April, the actual production was 5,000 tons of the finished product and the costs incurred were: variable production overhead total variance; and
Prepare a statement of revenues and expenses and a statement of changes in net assets for Wise Owls for 20X1.
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Why is an investment more attractive to management if it has a shorter payback period? Should this be the only consideration? Explain.
Identify the differential, avoidable or relevant costs associated with the sourcing location for a call center for Bank of America? Illustrate what are the qualitative costs? Which ones are more important?
1. compute the total cost of units transferred out using the weighted-average method.2. compute the total cost of units
Square footage requirements and effective utilization - If you're new strip mall will have 15,000 square feet of retail space available to be leased, to which businesses should you lease and why?
you have been asked to write an article outlining the corporate governance implications of the centro case for
Prepare a budgeted schedule of cost of good manufactured and sold for the year 20x1. Note: Budgeted and actual MOH will be equal.
Capacity utilization effect on product mix and profitability and describe how capacity utilization affects product mix and profitability.
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