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Record all entries need related to the unredeemed coupons

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Reference no: EM132533460

Question - Tiger Corporation sold 1,000,000 boxes of cereal under a new sales promotional program. Each contains one coupon, which submitted with $2.00, entitles the customer to a stuffed animal. Tiger pays $4.00 per stuffed animal and $1.20 for handling and shipping. Tiger estimates that 40% of the coupon will be redeemed, even though only 100,000 coupons had been processed during 2017.

Required - Record all entries need related to the unredeemed coupons at December 31, 2017.

Reference no: EM132533460

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