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At the beginning of the year, Promotor Company started a new promotional program wherein a customer can receive a planner costing P300 each for every 20 stickers ( 1 sticker for every sales of coffee drink). The planner may be sold separately for P450. The company estimates that 75% of the stickers will be redeemed.
Problem 1: Total transaction price allocated to the planners
Problem 2: Additional sales recognized from redemption of planners
Purchased equipment paying $20,000 down and signed a noninterest-bearing note requiring the balance to be paid in four annual installments of $20,000 on the anniversary date of the contract. Based on Bright Light's 12% borrowing rate for such tran..
lesley chomski is the supervisor of the new product division of mco corporation. her annual bonus is based on the
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Cost Allocation Problem
He legislature revised the budget by reducing estimated sales tax revenues by $ 125,000 and reducing the appropriation for General government all other by $ 75,000.
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Prepare journal entries to record the transactions for January and post them to the ledger accounts. Record prepaid items in balance sheet accounts
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