Screenshot_2023-10-29_at_1.32.56_PM

N24.

1. What amount should be reported as sales revenue including the revenue earned from points for 2020? 2. What is the revenue earned from loyalty points for 2021?

Please solve question 25   24) Metro Company sells lawn and garden products to wholesalers. The company’s fiscal year-end is December 31. During 2020, the following transactions related to receivables occurred:   2/28     Sold merchandise to Lennox, Inc., for $10,000 and accepted a 10%, 7-month note. 10% is an       appropriate rate for this type of note.   3/31     Sold merchandise to Maddox Co. and accepted a noninterest-bearing note with a discount rate of             10%. The $8,000 payment is due on March 31, 2019. 4/3       Sold merchandise to Carr Co. for $7,000 with terms 2/10, n/30. Metro uses the gross method to   account for cash discounts. 4/11      Collected the entire amount due from Carr Co. 6/30      Discounted the Lennox, Inc., note at the bank. The bank’s discount rate is 12%. The note was      discounted without recourse.   12/31   An adjusting entry is recorded for the Maddox note .Required: Prepare the necessary journal entries for Metro for each of the above…

Please do not give solution in image format thanku

Please provide answer in text (Without image)

2. In packages of its products, Monty Inc. includes coupons that may be presented at retail stores to obtain discounts on other Monty products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. Monty honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. Monty estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by Monty during 2025 is as follows. Consumer expiration date Total face amount of coupons issued Total payments to retailers as of 12/31/25 12/31/25 $834,500 350,560 What amount should Monty report as a liability for unredeemed coupons at December 31, 2025? Liability for unredeemed coupons $ 3. Flounder Company sold 666,000 boxes of pie mix under a new sales promotional program. Each box contains one coupon, which submitted with $4.30, entitles the customer to a baking pan. Flounder pays $6.30 per pan and $0.80 for…

Only typing answer Please explain step by step without table and graph thankyou.

M&N Ltd sells security doors. Majority of its sales are on credit except small amount of cashsales each year. The accounting records at 30 June 2019 reveal the following. Ignore GST. Please see image for clear info Credit sales (for the year of 2019) $2,100,000Cash sales (for the year of 2019) 20,000Credit sales returns and allowances (for the year of 2019) 80,000Accounts receivable (balance at 30 June 2019) 593,000Allowance for doubtful debts (credit balance at 30 June 2019) 2,800The company’s yearly bad debts expense had been estimated at 2.5% of net credit sales revenue inthe past. The management of M&N Ltd has decided to compare the current method with anageing of accounts receivable method. The following analysis was obtained with respect to theaccounts receivable..Balance % of estimated uncollectable (Please see image for clear info)Accounts not yet due $351,200 1Accounts overdue 10 - 30 days 92,000 331 - 60 days 78,000 1061 - 120 days 40,800 30121 days and over 31,000…

Goliath Banking Corporation (GBC) offers an "Income Investment Product" (IIP) for customers. The details for this product is as follows: Customers pay $984.31767830979 to buy an IIP. The IIP will pay out $37 at the end of each year for 12 years The IIP will pay out a further single payment of $1,000 after 12 years There are no further payments after this single payment at time 12 a. Calculate the return GBC promised to investors that buy this product, expressed an effective annual rate. Give your answer as a percentage to 4 decimal places.

What is the correct answer and show the solution.

vxccvgdrrrrr

The original price of a Honda Shadow to the dealer was $17,045, but the dealer will pay only $16,335 after rebate. If the dealer pays Honda within 15 days, there is a 1% cash discount. a. How much is the rebate? Amount of rebate b. What percent is the rebate? Note: Round your answer to the nearest hundredth percent. Percentage of rebate % c. What is the amount of the cash discount if the dealer pays within 15 days? Note: Round your answer to the nearest cent. Amount of cash discount

Kindly help and explain this to me, thank you!

2. Assume F&S offers a “Fit 70” coupon book with 70 prepaid visits over the next year. F&S has learned that Fit 70 purchasers make an average of 60 visits before the coupon book expires. A customer purchases a Fit 70 book by paying $650 in advance, and for any additional visits over 70 during the year after the book is purchased, the customer can pay a $15 visitation fee per visit. F&S typically charges $15 to nonmembers who use the facilities for a single day.a. & b. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated, allocate a portion of the contract price.c. Prepare the journal entry to recognize revenue for the sale of a new Fit 70 book

Please show the solution in good accounting form 7. In packages of its products, JENNIE Inc. includes coupons that may be presented at retail stores to obtain discounts on other JENNIE products. Retailers are reimbursed for the face amount of coupons redeemed plus 10% of that amount for handling costs. JENNIE honors requests for coupon redemption by retailers up to 3 months after the consumer expiration date. JENNIE estimates that 60% of all coupons issued will ultimately be redeemed. Information relating to coupons issued by JENNIE during 2021 is as follows: Consumer expiration date - December 31, 2021; Total payments to retailers as of December 31, 2021 - ₱165,000; Liability for unredeemed coupons as of December 31, 2021 - ₱99,000. What is the total face amount of coupons issued by JENNIE Inc. in 2021?    a. ₱ 600,000 b. ₱ 400,000 c. ₱ 440,000 d. ₱ 264,000

Solve for the magnitude and direction of the magnetic force. I'll upvote if complete and typewritten. Do not answer if you already answered this, i'll downvote. Thank you