Questionfunzy cereal includes one coupon in every package

Reference no: EM13348239

Question:

Funzy Cereal includes one coupon in every package of Wheatos that it sells and provides a premuim, a toy car, in exchange for 3 coupons. The cars cost Funzy $.75 each. Experience shows that 40% of the coupons eventually will be redeemed. During the last month of 2011, the first month of the offer, Funzy sold 12 million boxes of Wheatos and 2.4 million of the coupons were redeemed. Determine what amount should Funzy report as a promotional expense on its December 31, 2011, income statement?

Reference no: EM13348239

Questions Cloud

Question 1a describe the main purpose of the globally : question 1a describe the main purpose of the globally harmonised system of classification and labelling of chemicalsb

Question 1a discuss in details on five types of health : question 1a discuss in details on five types of health effects related to exposure to hazardous substances encountered

Questionthe information given below evaluate the statement : questionthe information given below evaluate the statement of cash flows for the decker uniform co.decker uniform

Questionsolvents are among the most commonly used chemicals : questionsolvents are among the most commonly used chemicals in workplaces. workers in different jobs regularly use

Questionfunzy cereal includes one coupon in every package : questionfunzy cereal includes one coupon in every package of wheatos that it sells and provides a premuim a toy car in

Questionyou have just hired as a new management trainee by : questionyou have just hired as a new management trainee by earrings unlimited a distributor of earrings to several

Question 1ai give three advantages of a three-phase system : question 1ai give three advantages of a three-phase system over a single-phase system.ii there are two basic

Question 1alvarez company is considering the : question 1alvarez company is considering the following

Question 1 a you have been requested by the owner of a : question 1 a. you have been requested by the owner of a metal workshop to develop a safety program to help reduce the

User Account

All Pages