ABC Company includes 1 coupon in each box of coffee it sells. A planner is offered as a premium to customers who send in 10 coupons and a remittance of P10. Distribution cost of premium is P5. Experience indicates that only 30% of the coupons will be redeemed. Boxes of coffee sold: 2022 - 800,000; 2023 - 1,000,000 No. of planners purchased at P150 each: 2022 - 20,000; 2023 - 32,000 Coupons redeemed: 2022 - 160,000; 2023 - 280,000 What is the premium expense for 2022

Q: A local Barnes and Noble paid a $80.50 net price for each hardbound atlas. The publisher offered a…

A: Net price is the price of the product at which the customer buys it and the List price is the…

Q: At what inventory level should an order be placed?

A: Re-order Level is a present level of stock at which a business places a new order with its suppliers…

Q: Digiview, Inc. is a company that offers video streaming of entertainment content for an annual fee…

A: CPM  $4 Per Thousand Impressions CPC  $0.25 Per Click Number of Impressions on E-Monthly…

Q: As the manager of Speedy Supermarket, answer the following questions. (Round dollars to the nearest…

A: Markup = Markup is the Difference between a Product price and cost as a percentage of the Cost.…

Q: Find the selling price. A store pays $8 for a pool noodle. The markup is 20%.

A: The selling price is calculated as sum of cost price and markup value.  SP = cost price + Markup…

Q: Brandin Grocers gives one loyalty point to its customers for every dollar spent in the store. The…

A: Given that 1 loyalty point is given to every dollar spent Total loyalty points to be given =…

Q: a. How much change should Stacey receive from the delivery person? Round your answer to two decimal…

A: The entity does not recognize anything in its books of accounts when coupons are issued. On the…

Q: The University Bookstore at a prestigious private universitybuys mechanical pencils from a…

A: EOQ = 2 * demand * ordering cost holding cost  Total cost of inventory = demand * price per unit…

Q: Values of purchases that a customer has made during the last five months are summarized as below:…

A: Past Customer Value (PCV)= It measure the value of customer based on past purchase and gross…

Q: The housewares department placed an order for 2 dozen Ninja Bullet Juicers that have a list price of…

A: During the course of a business, traders may provide discounts to their customers. The kinds of…

Q: Dawson Co. produces wine. Dawson purchases empty glass bottles from an outside vendor. The company…

A: Direct material budget is prepared by the management to find out the required material to be…

Q: The following list shows the items and prices for a restaurant order. Calculate the total amount if…

A: The total amount is calculated by adding the items and taxes and gratuity on the basis of the…

Q: Blossom Inc. is a publicly traded snack food company focused on snacks and candies from around the…

A: Blossom would be able to recognize $2,146,560 in revenue through subscriptions in October…

Q: A customer is looking at a bedding set that was originally $160.00. There is a large sign that says,…

A: Some times products may be sold at a discount rate. In that case discount amount is deducted from…

Q: 22. What is their Cash Conversion Cycle if their Operating Cycle is 135 days? A. 104 days     B. 105…

A: Cash conversion cycle is the total time period taken a business entity to convert its inventories…

Q: Sports Haven purchased 600 bottles of flavored water at $1.40 each. Experience has indicated that,…

A: If you have any questions let me know in comment box thankyou for your question.

Q: Brown crop sells TV products. In order to attract more consumers, Brown corp offers 1 unit of bag…

A: Explanation below