Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Moon Company includes 1 coupon in each box of soap powder that it packs, 20 coupons being redeemable for a premium consisting of a kitchen utensil. In 2010, Moon Company purchased 12,000 premiums at $1.00 each and sold 360,000 boxes of soap powder @ $4.00 per box. Based on past experience, it is estimated that 60% of the coupons will be redeemed. During 2010, 96,000 coupons were presented for redemption.
During 2011, 19,000 premiums were purchased at $1.10. The company sold 800,000 boxes of soap at $4.00 and 330,000 coupons were presented for redemption. Instructions
Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in both 2010 and 2011. Assume a FIFO inventory flow.
We want a flexible budget because costs are too hard to predict. We need the flexibility to change budgeted costs as input price change. Does a flexible budget serve this purpose? Explain.
illustrate what adjusting journal entry must be made to recognize bad debts expense on June 30, 2012?
Another employee argued that a Private Purpose Trust Fund should be used for both principal and income. Do you agree with either of these individuals, or do you have a better suggestion?
federal unemployment compensation taxes are $5,250. at the federal rate of 0.8% and state rate of 5.4%. Create the journal entry to record the payroll tax expense for the period.
Computation of total setup and carrying costs associated with the Economic Order Quantity - Evaluate the total setup and carrying costs associated with the economic order quantity?
identify b riefly the possible alternaives (includin those that are totall unacceptable) for quantifying the cost of the land and briefly support your choice.
Classification of items - Classify each of the above accounts as an asset (A), liability (L), stockholders' equity (SE), revenue (R), or expense (E) item.
Prepare a flowchart documenting the sales/collection process for ELM Corporation
Evaluate the bakery's total required production in units of baked goods for the entire three months period ending 9/30.
In itemizing his deductions, illustrate what is the amount that Tim may claim as a deduction for taxes?
The beta of SDA Corp. common stock is 1.25. Within the context of the capital asset pricing model - find the expected return on the market portfolio
If unexpected turnover in 2012 caused the company to estimate that 10% of the options would be forfeited, elucidate amount that should Doe recognize as compensation expense for 2012?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd