What is the expected amount of provision

Assignment Help Financial Accounting
Reference no: EM132999937

Question - CBBL Corp promotion was made wherein 10 stamps is equivalent to a cup of iced coffee costing 40. As of December 31, 2020, there are 120,000 stamps made and 8,000 iced coffee promo redemption. What is the expected amount of provision on the promotion as of December 31, 2020, when 40% of the unredeemed stamps cannot reach the 10 stamps requirement?

Reference no: EM132999937

Questions Cloud

Importance of the knowledge of business finance : Topic: The importance of the knowledge of business finance for an entrepreneur. If you supply an answer, please supply your reference.
What is the monthly loan payment : Annuity Payment and EAR - You want to buy a car, and a local bank will lend you $30,000. What is the monthly loan payment
What is the concept of the time value of money : What is the concept of the time value of money (TVM) as it applies to government bond offerings
Explain the characteristics of the investment facilities : 1. A part from margin spread between Deposit interest rate and loan interest rate, mention one way for banks to get short-term profits!
What is the expected amount of provision : As of December 31, 2020, there are 120,000 stamps made and 8,000 iced coffee promo redemption. What is the expected amount of provision
What the value of the bond is closest to : The bond is currently trading at a Z-spread of 150 bps. The value of this bond is closest to? A corporate bond offers a 6% coupon rate and has exactly 3 years.
What happens to the value of bond : 1 Suppose you buy a 7% coupon, 20-year bond today when it's first issued. If interest rates suddenly rise to 15%, what happens to the value of your bond? Why?
Describe how the monies are received : The prospective landlord asks whether the tenant can be directed to pay the rent directly to his bank account. How will you respond? Your answer should describe
What the bond approximate convexity is closest to : If the bond's YTM decreases by 10 basis points, the bond's full price is expected to increase to 102.786. The bond's approximate convexity is closest to

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd