subject
Business, 20.09.2020 15:01 jazminefeblez

General Product Inc. distributed 140 million coupons in 2021. The coupons are redeemable for 50 cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2022. There were 46 million coupons redeemed in 2021 and 30 million redeemed in 2022. General recognizes coupon promotion expense in the period coupons are issued. What was General's coupon promotion expense in 2021

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:30
Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next
Answers: 2
question
Business, 22.06.2019 12:50
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
Answers: 3
question
Business, 22.06.2019 20:30
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
question
Business, 22.06.2019 23:50
The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c
Answers: 3
You know the right answer?
General Product Inc. distributed 140 million coupons in 2021. The coupons are redeemable for 50 cent...
Questions
question
Mathematics, 27.10.2019 14:43
question
Chemistry, 27.10.2019 14:43
question
Mathematics, 27.10.2019 14:43
question
Geography, 27.10.2019 14:43
question
Mathematics, 27.10.2019 14:43
question
Mathematics, 27.10.2019 14:43
question
Spanish, 27.10.2019 14:43
Questions on the website: 13722367