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Premium Entries to stimulate the sales of its Alladin breakfast cereal, Loptien Company places 1 coupon in each box. Five coupons are redeemable for a premium consisting of a children's hand puppet. In 2011, the company purchases 40,000 puppets at $1.50 each and sells 480,000 boxes of Alladin at $3.75 a box. From its experience with other similar premium offers, the company estimates that 40% of the coupons issued will be mailed back for redemption. During 2011, 115,000 coupons are presented for redemption. Prepare the journal entries that should be recorded in 2011 relative to the premium plan.
Evaluation of Target Cost to maintain a Target Profit Rate - To maintain a target profit equal to 35 percent of the new product's cost, what will the target cost be.
calculation of net profit and gross profit.for the month of february 2009 randys spa supplies had total sales revenue
What is cost formula for utility expenses? What is the budgeted utility cost for September 2011 if 31,250 machine hours are projected?
Explain how the Double-declining-balance method is computed and provide an example of how this method could be used on a new delivery truck purchased for $30,000 to be used for 4 years with a salvage value of $5,000 for year one only.
describe whether the determination of the current value of the long-term assets is subjective or objective. Illustrate what is the best that can be achieved in such a determination?
As sales manager, Terry Dewitt was given the following static budget report for selling expenses in the Clothing Department of Garber Company for the month of October.
question 1find the comments letters received on a current exposure draft or proposal for a new accounting standard.
calculation of percentage of total assets.reading and interpreting a balance sheeta recent balance sheet for walt
selection of purchase alternatives under npv.prince companys required rate of return is 10. the company is considering
Find what are the possible differences that may occur between a state or local government's budgetary practices and GAAP?
A company can acquire a $700,000 machine now that will benefit the the company over the next 5 years, with a net present value of $134,000 using a 10% hurdle rate. Based on this information, illustrate what is the annual cash operating savings ex..
A company that uses the perpetual inventory system purchased $8,500 worth of inventory on September 25. Terms of the purchase were 2/10, n/30. The invoice was paid in full on October 4. Prepare the journal entries to record these merchandise trans..
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